Frilans Finans

What Frilans Finans does

Frilans Finans is a Swedish umbrella employment company founded in 1999 by Stephen Schad and headquartered in Uppsala. It operates as the legal employer for freelancers and independent contractors, enabling them to invoice clients and receive net salary without registering a company of their own. The company administers payroll, tax withholding, social contributions, occupational pension (set aside at 4.5% of gross salary for ages 25-65 via its SPP partnership), and insurance coverage, while contractors retain flexibility over assignments and pricing. By its own disclosures, Frilans Finans has served over 150,000 contractors and processed more than one million invoices since inception, and positions itself as Sweden's leading umbrella employment firm under EAFA authorisation with a collective agreement covering Uppdragsarbetarförbundet.

The core platform is the proprietary Invoicery SaaS invoicing tool, delivered as a web application and native iOS/Android mobile apps, with integrated support for ROT/RUT deductions, travel allowances, vacation accrual, and multi-currency international invoicing. Adjacent products include the Swish QR-code payment module (next-business-day payout), the Together points-based loyalty programme that reduces administration fees from 6% to 4%, and supplementary Frilans Extra Trygg and Frilans Resetrygghet insurance products. The B2B Invoicery Business line, operated as a separately branded subsidiary under its own CEO, provides payroll outsourcing to companies that hire freelance personnel and consolidates all wage costs on a single invoice. The technology stack layers Freshworks for customer service and Cloudflare for security on top of the Invoicery application.

Revenue is generated almost entirely through transaction fees of 4-6% of each invoice value (with a 10% rate applied to PayPal-funded invoices to offset PayPal's processing charges), plus ancillary fees for supplementary insurance and B2B payroll contracts. Acquisition combines a product-led growth motion through the free-account self-serve website and mobile app with an enterprise field-sales motion for Invoicery Business and direct-to-consumer campaigns for gig and hobby sellers. The company operates from offices in Uppsala, Stockholm, Oslo, Copenhagen, Helsinki, Paris, and London, and has supported contractor invoicing across 16 countries in the Nordic, Western European, Southern European, North American, African, and Southeast Asian regions.

Name

Frilans Finans

Legal name

Frilans Finans Sverige AB

Website

https://frilansfinans.se

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Frilans Finans is Sweden's leading umbrella employment company, enabling freelancers and contractors to invoice clients and receive net salary, pension, and insurance without registering their own company. It operates a 4-6% transaction-fee model across the Nordics and selected European markets, with a SaaS invoicing platform and an enterprise payroll subsidiary.

Ownership category

akta.pro rank

Product category

Umbrella Employment Services

NAICS

Professional Employer Organizations (561330), Payroll Services (541214), Professional Employer Organizations (56133)

SIC

Services-Employment Agencies (7361)

akta.pro primary industry

Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB)

akta.pro secondary industries

Global Payroll & Multi-Country Payroll Management (BPACAHAC), Workforce Compliance & Employment Law Risk Management (Local Labor Law, Tax, Statutory) (BPACAHAH), Employer Payroll Processing (SMB & Enterprise) (FSAMAKAA), Agent of Record (AOR) for Staffing & Payrolling (BPACAHAF)

Keywords

• Umbrella employment services
• Freelancer invoicing platform
• Contractor payroll administration
• Self-employment solutions
• Freelance payment services

Headquarters

HQ city

Uppsala

HQ country

Sweden

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Administration Fee (Service Commission): Primary revenue stream. Fee of 4-6% of invoice amount (excluding VAT). Free account creation; fee only charged when invoice is sent. Loyalty program can reduce fee to 4%. No other costs or commitment periods.
2. PayPal Payment Processing: Additional 10% administrative fee (instead of regular 6%) for invoices paid via PayPal due to their 3.4% + 3.25 SEK transaction fees.
3. Invoicery Business - Payroll Services: Enterprise B2B payroll outsourcing service. Summarizes all wage costs on a single invoice to client companies at a fixed price. Assumes full employer responsibility including wages, taxes, social security, sick pay, holiday bonuses, and pensions.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Frilans Finans is Sweden's leading umbrella employment company. It acts as the legal employer for freelancers and independent contractors, enabling them to invoice clients and receive a salary without registering their own company. The company handles payroll administration, tax withholding, social contributions, occupational pension (4.5% of gross salary), insurance coverage, and collective-agreement compliance, while disbursing net salary to contractors within five business days for a 4-6% administration fee on each invoice. A separate Invoicery Business line provides enterprise payroll outsourcing for companies hiring auxiliary personnel.

Product overview

Frilans Finans operates as a unified umbrella employment platform for freelancers and contractors in Sweden and across the Nordic region. The core offering consists of the Frilans Finans umbrella employment service, which handles invoicing, payroll administration, tax compliance, insurance, and pension contributions on behalf of contractors. The product portfolio includes the Invoicery Business enterprise solution for company payroll management, the Swish payment module for QR-code based instant payments, the Frilans Extra Trygg and Travel insurance add-ons, the Together loyalty program for fee reduction, and an integrated invoice tool with support for ROT/RUT deductions and international multi-currency invoicing. The platform differentiates through its comprehensive employer responsibility model, fast salary disbursement (within 5 business days), and full compliance with Swedish labor law including collective agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• Frilans Finans Umbrella Employment Core umbrella employment service: Frilans Finans acts as the legal employer for freelancers and independent contractors, handling invoicing, payroll, tax withholding, social contributions, occupational pension, insurance and collective-agreement compliance while paying net salary to the contractor within 5 business days for a 4-6% administration fee.
• Invoicery Business

Quantifiable outcome

• Salary paid within 5 business days (before customer payment in normal cases)
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• SPP Pension & Forsakring ABcoreStrategic or Co-development PartnerSPP is the occupational pension provider for Frilans Finans contractors. Automatically deposits pension savings to SPP accounts. Contractors can choose fund allocations among approximately 80 funds from 30 managers or traditional management with guaranteed minimum value.
• UppdragsarbetarforbundetcoreStrategic or Co-development PartnerCollective agreement partner providing worker protection. Ensures umbrella contractors are not working under unreasonable conditions. Covers health insurance, work environment protections, and fair labor standards.
• IF InsurancecoreTechnology or IntegrationProvides accident and casualty insurance coverage for umbrella contractors. Includes group life insurance (TGL) comparable to ITP plan, covering up to 6x price base amount on death.
• SATSminorOthersFitness partner offering 18% discount on all training cards for umbrella contractors.
• BrainvillecoreChannel Partner/ Reseller/ DistributorFreelance and consultant marketplace where contractors can find assignments in IT, technology, management, HR, and finance without their own company.
• DorunnercoreChannel Partner/ Reseller/ DistributorJob platform for ROT/RUT, household services, and construction assignments. Free account with 500 SEK credit for bidding on assignments.
• Nyforetagarcentrum (New Business Centers)minorGTM or Marketing PartnerPartnership with Nyföretagarcentrum in Uppsala, Göteborgsregionen, and Söder (Stockholm) for startup support and business development referrals.
• Scandic HotelsminorOthersHotel partner offering 12% discount on hotel rooms for umbrella contractors traveling for work.
• Nordic WellnessminorOthersFitness partner offering 20% discount on all training cards for umbrella contractors.
• StudentJobminorChannel Partner/ Reseller/ DistributorJob portal targeting students and young professionals. Helps contractors find side jobs alongside studies.
• ComplyitminorChannel Partner/ Reseller/ DistributorLife Science consulting company where umbrella contractors can find assignments in healthcare/pharma sectors.
• StatistminorChannel Partner/ Reseller/ DistributorFilm, TV, and theater casting platform where contractors can find extra work as statists or production crew.
• Swish (BankID)coreTechnology or IntegrationQR-code payment integration allowing instant payments from customers. Converts to salary the next business day. Supports immediate service payments.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ADP: Global incumbent in payroll, HR outsourcing, and PEO services (via ADP TotalSource). Overlaps with Frilans Finans on employer payroll administration and co-employment offerings, though ADP serves enterprise rather than freelance-first customers.
• Rippling: Unified HR, payroll, and IT management platform with global EOR capabilities. Comparable to Frilans Finans on payroll administration and employer-of-record functionality, though Rippling is broader (full-stack HRIS) and primarily US-anchored.
• Gusto: US-focused payroll, benefits, and HR platform serving SMB employers. Comparable to Frilans Finans on payroll processing and employer-side admin, though Gusto does not act as a co-employer / umbrella for contractors in the same way.

Direct peers

• Remote: Global EOR and international payroll platform serving employers hiring contractors and employees across borders. Closely comparable to Frilans Finans on the EOR model, multi-country employment administration, and contractor self-serve flows.
• Globalization Partners: Global EOR platform focused on international hiring and entity-free employment. Comparable to Frilans Finans in providing full employer responsibility (payroll, tax, benefits) across multiple jurisdictions.
• Papaya Global: Global workforce management and EOR platform handling payroll, compliance, and contractor payments across countries. Comparable to Frilans Finans on the cross-border employer-of-record model and automated compliance for distributed contractors.
• Deel: Global Employer of Record and contractor management platform. Directly comparable to Frilans Finans on EOR/co-employment functionality, payroll administration, and international contractor onboarding, though operating at much larger scale and serving a global customer base rather than Nordic-only.
• Velocity Global: International EOR and PEO provider enabling companies to hire contractors and employees globally without local entities. Comparable to Frilans Finans on the umbrella/co-employment value proposition for clients engaging flexible international workforce.
• Cool Company: European EOR and payroll provider for international contractors and remote teams. Comparable to Frilans Finans on cross-border contractor employment administration and payroll processing for freelancers working with Nordic/Western European clients.
• Briefly (Briefly AB): Swedish EOR/umbrella company competitor to Frilans Finans, providing invoicing, payroll, and employer-of-record services for freelancers in Sweden. The most direct domestic competitor in the same Nordic umbrella-employment niche.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FrilansFinans
• LinkedInlinkedin.com/company/frilans-finans-sverige-ab
• Instagraminstagram.com/frilansfinans
• Xx.com/frilansfinans

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Frilans Finans