Accountor Finago Oy

What Accountor Finago Oy does

Accountor Finago Oy (DBA Finago) is a Nordic financial, HR and business-management software company headquartered in Espoo, Finland, with regional offices in Oslo and Stockholm. The company operates a unified suite spanning three pillars: Finance (Procountor accounting and financial management, Isolta invoicing, eTasku expense management, Modular for ERP-adjacent finance, and Apix e-invoicing/Peppol), HR & Payroll (Mepco for mid-market and public sector, HR easy, ePalkat, Time, Tuntivelho, Maraplan, Työvuorovelho, Gigs, Recruit, Travel, Mepco Analytiikka, Mepco Allekirjoitus, Mepco Public and Palkkalaskelma), and Business Operations (Ecom for trades, PSA for professional services, Sign for e-signatures, Sopimuskone for contracts). The platform is cloud-based, ISO 27001 certified, GDPR-compliant, and integrated with 170+ external services plus banking and collections partners (Alisa Pankki, Kravia Finland, Enable Banking). The portfolio was consolidated in 2025 under the Finago brand following the 2024 carve-out of Accountor's software business from its services business, with KKR, Vitruvian Partners and Exact represented on the board.

Finago serves over 170,000 customers across Finland, Sweden, Norway and the Baltics, including SMBs, the self-employed, mid-market and enterprise organizations, public-sector entities, and 1,400+ accounting firm partners that act as both customers and channel resellers. The company employs 950+ people across 15+ nationalities. Revenue is generated primarily through recurring SaaS subscriptions (Procountor, Mepco, Isolta, Ecom, PSA, Modular), complemented by transaction-based streams including invoice financing (Kassaturva), credit facilities up to 8M EUR (Limiitti), automated collections (Maksuvahti), pay-per-use e-signatures (Sign at 1.50 EUR per signature), and freemium entry tiers (Procountor Solo, Isolta). FY2025 revenue is approximately 190M EUR; the company is privately held and ranked among Finland's top 500 companies (TE500, Talouselämä).

The go-to-market blends sales-led direct enterprise engagement, a strong accounting-firm channel network, and product-led growth through freemium self-serve onboarding for smaller customers. Distribution spans direct sales teams, accounting firm partners, self-serve digital acquisition, public-sector procurement, and product-specific websites (e.g., procountor.fi, mepco.fi). AI capabilities are deployed as assistive features — receipt OCR, AI-assisted bookkeeping, automated account coding, and AI recruitment assistants — rather than as core proprietary models. Ownership includes KKR and Vitruvian Partners as financial investors and Exact as a strategic partner, reflecting a sponsor-backed governance structure oriented toward continued Nordic consolidation and product expansion.

Name

Accountor Finago Oy

Legal name

Accountor Finago Oy

Website

https://finago.fi

Company type

Private

Founded year

2025

Operating status

Operating

Short description

Accountor Finago Oy (Finago) is a Nordic SaaS company providing cloud-based financial management, HR/payroll and business operations software to 170,000+ customers — primarily SMBs, accounting firms, mid-market enterprises and the public sector — across Finland, Sweden, Norway and the Baltics.

Ownership category

akta.pro rank

Product category

Financial and HR Management Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)

Keywords

• Financial management software
• HR payroll software
• Accounting software
• Electronic invoicing
• Business management suite

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscriptions: Recurring subscription revenue from cloud-based financial, HR and business management software. Products include Procountor, Mepco, Isolta, Ecom, PSA and other solutions with tiered pricing based on company size and features. Revenue is recurring with monthly or annual billing cycles.
2. Invoice Financing (Kassaturva): Transaction-based revenue from invoice financing services. Businesses receive immediate cash from invoices, and Finago earns a financing commission per invoice processed. Implemented in partnership with Alisa Bank.
3. Credit Limit Services (Limiitti): Revenue from flexible credit facilities up to 8 million euros. Transaction fees on drawn amounts. Includes automatic collection services through Kravia Finland.
4. Collection Services (Maksuvahti): Automated reminder and debt collection services with no monthly or setup fees. Kravia Finland handles collection letters with costs borne by Kravia. Transaction-based revenue from collections recovered.
5. Electronic Signatures (Sign): Pay-per-use electronic signature service at 1.50€ per signature. No monthly fees, no commitment required. Revenue is transaction-based and scales with usage.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Finago develops and sells a cloud-based suite of financial management, HR/payroll, and business operations software for Nordic and Baltic businesses. The portfolio covers accounting and invoicing (Procountor, Isolta, eTasku, Apix, Modular), HR and payroll (Mepco, HR easy, Time, ePalkat, Tuntivelho, Työvuorovelho, Maraplan, Recruit, Travel), business operations (Ecom, PSA, Sopimuskone, Sign), and embedded financial services (Kassaturva, Limiitti, Maksuvahti, Procountor Tili). Distribution combines direct sales, a 1,400+ accounting firm partner network, and self-serve digital onboarding for solo entrepreneurs.

Product overview

Finago is a comprehensive Nordic software suite offering financial management, HR/payroll, and business operations solutions for businesses of all sizes across Finland, Sweden, Norway, and the Baltics. The product portfolio is organized into three core areas: Finance (talous), HR/Personnel (henkilöstö), and Business Operations (liiketoiminta). The flagship finance products include Finago Procountor (comprehensive accounting and financial management), Finago Isolta (online invoicing for small businesses), Finago eTasku (mobile expense management), Finago Modular (modular financial management), and Finago Apix (e-invoicing and Peppol operator). The HR and payroll suite centers on Finago Mepco (combined HR and payroll for medium and large organizations), supplemented by Finago HR easy, Finago Työvuorovelho, Finago Maraplan, Finago Time, Finago Tuntivelho, Finago ePalkat, Finago Travel, Finago Gigs, and specialized modules like Finago Recruit, Finago Palkkalaskelma, Finago Mepco HR, Finago Mepco Analytiikka, Finago Mepco Allekirjoitus, and Finago Mepco Public for the public sector. The business operations segment includes Finago Ecom (operations for trades), Finago PSA (project business management), Finago Sign (electronic signatures), and Finago Sopimuskone (contract management). Add-on financial services include Finago Procountor Solo, Finago Procountor Tili, Finago Maksuvahti, Finago Kassaturva, and Finago Limiitti. The company serves over 170,000 customers with a team of 950+ and revenue of 190M+ EUR in FY2025. Many products originated as independent brands (Procountor, Mepco, Heeros, Isolta, Ecom, Apix) that were consolidated under the unified Finago brand in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Finago Procountor: Comprehensive financial management software for businesses and accounting firms
• Finago Mepco
• Finago Isolta
• Finago eTasku
• Finago Apix
• Finago Ecom
• Finago Travel
• Finago PSA
• Finago Sign
• Finago Sopimuskone
• Finago Modular
• Finago Procountor Solo
• Finago HR easy
• Finago Työvuorovelho
• Finago Maraplan
• Finago Time
• Finago Gigs
• Finago ePalkat
• Finago Mepco HR
• Finago Mepco Analytiikka
• Finago Mepco Public
• Finago Mepco Allekirjoitus
• Finago Palkkalaskelma
• Finago Recruit
• Finago Tuntivelho
• Finago Maksuvahti
• Finago Kassaturva
• Finago Limiitti
• Finago Procountor Tili
• Finago Procountor Toiminnanohjaus

Products and services

• Finago Procountor Comprehensive financial management software covering bookkeeping, invoicing, accounts payable, bank reconciliation, expense management, payroll, and real-time financial reporting. Market leader in Finland with 100,000+ business users and 1,400 accounting firm customers.
• Finago Mepco Combined HR and payroll system covering the full employment lifecycle. Automates routine HR processes for medium and large Finnish organizations with all Finnish collective agreements supported.
• Finago Isolta Online invoicing platform for freelancers and small businesses. Handles sales invoices, purchase invoices, quotes, payment tracking, and customer management. Free to start, scales with usage. Over 30,000 customers across the Nordics and Baltics.
• Finago eTasku Mobile expense and receipt management app. Captures receipts with camera, creates expense reports and mileage claims automatically, integrates with accounting software. Over 20,000 businesses and 50%+ of Finnish accounting firms use eTasku.
• Finago Apix E-invoicing, e-payroll, EDI, and Peppol operator. Automates message delivery and ensures document delivery. Over 100,000 organizations in Finland, Sweden, Norway, and the Baltics use Apix.
• Finago Ecom Operations and financial management for electrical, HVAC, and construction companies. Handles quotes, scheduling, project tracking, and invoicing. Pre-loaded wholesale distributor price lists. Customers report saving 100+ hours per month.
• Finago PSA Project business management system for professional services companies. Combines sales pipeline, project delivery, time tracking, invoicing, and reporting in one system. Built for engineering firms, creative agencies, and consultants.
• Finago Sign Electronic signature service. Send any PDF document for signing. 1.50 EUR per signature. No monthly fee. 10-year secure archive. eIDAS-compliant. Supports strong authentication for Finland, Sweden, Norway, and Denmark.
• Finago Sopimuskone Smart contract service with 400+ lawyer-drafted and audited document templates. Create contracts via quick selections, sign electronically, auto-archive. In use by 10,000+ businesses.
• Finago Modular Modular financial management system with selectable modules for purchase invoices, sales invoices, bookkeeping, and archiving. Each module works independently or together, including supplementing existing ERP systems. Over 100 integrations with ERP and accounting systems.
• Finago Procountor Solo Single-entrepreneur financial management software. Handles invoices, receipts, payroll, and payments for sole proprietors working in partnership with 1,300+ Procountor accounting firms.
• Finago Procountor Tili Business bank account (via Alisa Pankki) integrated directly into Finago Procountor or Solo. Unlimited SEPA transfers for a fixed monthly price. Web service data transfer included at no extra cost. Over 1,000 Finnish businesses use it.
• Finago Kassaturva Invoice financing service integrated into Procountor. Get paid immediately on sent invoices. Implemented in partnership with Alisa Pankki. No setup fee, transparent per-invoice pricing.
• Finago Limiitti Comprehensive cash flow management combining invoice financing, payment monitoring, reminder, and collection services. No opening, integration, or monthly fees. Credit limit up to 8 million EUR.
• Finago Maksuvahti Automatic payment reminder and collection service integrated with Procountor. Implemented in partnership with Kravia Finland. No monthly or setup fees. Automatically transfers overdue invoices to collection.
• Finago HR easy Lightweight HR management system for Finnish companies with 10-200 employees. Collects employee data in one place, tracks competencies and training, manages leave and absences.
• Finago Työvuorovelho Work shift scheduling and workforce management. Tracks shift strength, target hours, and working time bank. Mobile interface for employees to view schedules and submit preferences. In use by 1,500+ Finnish organizations managing 100,000+ employees.
• Finago Maraplan Work shift planning and workforce management for hospitality, retail, and bakery sectors. Handles shift scheduling, headcount, target hours, and time bank balance. About 3,000 locations in use.
• Finago ePalkat Versatile payroll software automating routines for all business sizes. Industry-agnostic with support for various collective agreements. Connects to Finago HR easy for enhanced functionality.
• Finago Time Modern mobile-first time tracking software. Supports multiple entry methods (clock-in/out, duration, start-end time), project allocation, leave management, and automatic payroll data export to all leading Finnish payroll systems.
• Finago Tuntivelho Browser-based time tracking software for any industry. Workers clock in real-time or enter hours from anywhere. Data transfers to supervisors and payroll. Supports 200+ collective agreements.
• Finago Gigs Gig workforce management solution. Publishes shifts and reaches workers via mobile app. Workers self-book shifts and clock hours. Automatically generates contract-compliant payroll and invoicing data.
• Finago Recruit Recruitment management system covering the full hiring process from job posting to hiring decision. Improves candidate experience, shortens recruitment time, and supports data-driven decisions. Developed in partnership with TalentAdore Oy.
• Finago Mepco HR Comprehensive HR management system that automates routine processes: employee data management, leave and absence handling, contract signing. Works seamlessly with Finago Mepco payroll on a single employee and employment data set.
• Finago Mepco Analytiikka Comprehensive HR analytics and reporting solution. All key HR metrics visualized. Integrated with Finago Mepco HR. Includes ESRS S1 and pay transparency directive compliance reports.
• Finago Mepco Allekirjoitus Digital signature service integrated with Finago Mepco HR. Strong authentication, automatic archiving to Mepco. Used for employment contracts, NDAs, layoffs, salary changes, and other HR documents.
• Finago Mepco Public Modern payroll and HR solution for the public sector. Built for municipalities, wellbeing services counties, educational institutions, and public sector companies. Covers all Finnish public sector collective agreements.
• Finago Procountor Toiminnanohjaus Business management solution for accounting firms. Combines customer relationship management, task management, time tracking, billing, and client collaboration into one system.
• Finago Travel Travel and expense management software. Receipt OCR, automatic mileage and per diem calculations, international allowances, credit card linking, approval workflows, and automatic income register reporting.
• Finago Palkkalaskelma Electronic salary statement delivery service. Payslips delivered directly to employees' online banking, digital post box, or by mail via Finago Apix. Saves 70-95% compared to paper delivery.

Quantifiable outcome

• Payroll processing time reduced from 5-6 hours to 1.5 hours biweekly
• +6 more outcomes

Named customers19 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

AI capability9 records

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• TAHTO26 - Financial Sector Preparedness ExerciseminorOthers · 25 May 2026Participation in the financial sector's first national preparedness exercise organized by the financial sector pool within the civil protection organization. Exercise tested how sector actors can secure critical functions during broader disruptions.
• Kravia FinlandcoreStrategic or Co-development PartnerKravia Finland handles collection services for Finago Limiitti and Finago Maksuvahti. Unpaid invoices automatically transfer to Kravia's collection service. Partnership provides integrated debt collection within Finago Procountor workflow.
• TalentAdore OyminorStrategic or Co-development PartnerCo-developed Finago Recruit recruitment system together with TalentAdore. AI assistants and talent community features developed in partnership. Integrations to Finago Mepco, Gigs and HR Easy planned.
• NB-tilipalvelut Oy (Nina Bifeldt)minorChannel Partner/ Reseller/ DistributorAccounting firm using and recommending Finago Procountor Toiminnanohjaus. Testimonial highlights key features for practice management including visibility into time spent per client and simplified billing.
• Financial Sector Pool (Taloushallintoalan pooli)minorOthersPart of the financial sector pool within Finland's civil protection organization. Organizes TAHTO preparedness exercises for the accounting and financial sector.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Visma: Largest Nordic/European provider of accounting, HR and ERP software for SMBs and accountants. Closest direct competitor to Finago across Finland, Sweden, Norway and the Baltics, with overlapping products (e-conomic, Tripletex, Fortnox-adjacent assets) and accounting-firm channel.
• Fortnox: Swedish cloud-based accounting, invoicing and payroll platform serving SMBs and accounting firms. Head-to-head competitor to Finago Procountor/Isolta in the Swedish market with a strong product-led growth motion and developer API ecosystem.
• Exact: Dutch business software company with strong Nordic presence in cloud accounting and ERP for SMBs. Exact already sits on Finago's board, indicating strategic alignment, while competing for the same Dutch and Nordic SMB and accounting-firm customers.
• e-conomic: Danish online accounting software (part of Visma) targeting SMBs and accountants. Comparable to Finago Isolta and Procountor in design, pricing and SMB/accounting-firm go-to-market, with strong presence across Scandinavia.
• Tripletex: Norwegian cloud accounting, payroll and HR platform for SMBs, distributed heavily through accounting firms. Direct competitor to Finago's Norwegian Procountor and Mepco offerings in the local market.

Broad incumbents

• Intuit: Owner of QuickBooks, the dominant global SMB accounting SaaS. Sets the product, pricing and ecosystem standard that Finago must match or differentiate against as it competes in international SMB segments.
• Sage Group: Global incumbent in accounting, payroll and HR software (Sage Business Cloud, Sage Intacct, Sage HR). Competes with Finago in mid-market HR/payroll and increasingly in cloud accounting for SMBs across Europe.
• Xero: Global cloud accounting SaaS leader serving SMBs and accountants with a strong API/ecosystem play. A growing threat in Nordic markets and a benchmark for Finago's product-led growth and integration strategy.
• DATEV: German cooperative IT service provider for tax advisors, auditors and SMBs. Comparable to Finago's accounting-firm-led model and a relevant benchmark for scaling tax-software-plus-payroll bundles, although more regionally concentrated.

Emerging players

• Bokio: Swedish cloud accounting fintech targeting very small businesses and solo entrepreneurs with a freemium model. Overlaps with Finago Procountor Solo and Isolta at the micro/SMB entry point in the Nordics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/finago-suomi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries8 records

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 Accountor Finago Oy