What Debitoor does

Debitoor was a Danish cloud-based invoicing and accounting SaaS company targeting small businesses, freelancers, and sole proprietors across Europe. Its product combined a web application with iOS and Android mobile apps and offered core invoicing (customizable templates, automated numbering, payment tracking, automated reminders), expense management (receipt capture, automatic categorization, asset depreciation), bookkeeping (bank reconciliation via CSV, VAT reporting, income statements, balance sheets), and accountant collaboration through secure shared access. Underlying technology was an AWS-hosted stack in Dublin operating under EU data-protection rules, with 256-bit SSL, hashed password storage, mirrored databases, and a public REST API enabling integrations with payments (PayPal, SumUp), contact sync (PieSync), and receipt OCR (Xpenditure); on-device AI-style features included OCR receipt scanning, description-based expense auto-categorization, and automatic bank matching.

Debitoor monetized through monthly or annual subscriptions priced in Danish kroner across four tiers (XS at kr. 39/month, S at kr. 69/month, M at kr. 99/month, L at kr. 199/month on annual billing), differentiated by invoice and expense volume, with VAT reporting, multi-currency invoicing, and accountant access unlocked at higher tiers. The go-to-market was product-led: self-serve sign-up from the website, a 7-day free trial, content marketing and SEO across an extensive accounting glossary and small-business guides, organic social for support, and mobile-app-store distribution. Localized sites and legal entities covered Denmark, the UK, Germany, Spain, France, Italy, and the Netherlands, with 17-language invoicing support. Reported scale was 600,000+ small businesses and freelancers using the platform.

The standalone Debitoor product has since been acquired by SumUp and the application has been shut down, with users redirected to SumUp's invoicing offering. Debitoor's local entities remain registered across Europe and the brand now operates as part of SumUp's broader suite of payment and business tools.

Name

Debitoor

Legal name

Debitoor ApS

Website

https://debitoor.dk

Company type

Private

Operating status

Acquired

Short description

Debitoor was a Danish cloud-based invoicing and accounting SaaS for European small businesses, freelancers, and sole proprietors, offering OCR receipt scanning, automatic bank reconciliation, and 17-language invoicing. The standalone product was acquired by SumUp and shut down in 2021, with users migrated to SumUp's invoicing platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Copenhagen (København N)

HQ country

Denmark

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Subscription Fees (SaaS): Monthly or annual subscription fees for cloud-based accounting and invoicing software. Four pricing tiers (xs, s, m, l) differentiated by number of invoices and expenses allowed per year, with additional features at higher tiers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Debitoor provides cloud-based invoicing and accounting software targeted at small businesses, freelancers, and sole proprietors. The platform enables users to create professional invoices in under a minute, track expenses with OCR receipt scanning, perform automatic bank reconciliation, generate VAT and financial reports, and collaborate with accountants. The product is offered via web application and native iOS/Android mobile apps. The Debitoor application has been shut down and integrated into SumUp following acquisition.

Product overview

Debitoor is a cloud-based invoicing and accounting platform designed for small businesses, freelancers, and sole proprietors in Denmark and internationally. The platform operates as a unified product with integrated modules including core invoicing (Fakturering), customizable invoice templates (Fakturaskabeloner), accounting/bookkeeping (Bogføring), automatic bank reconciliation, expense tracking with OCR receipt capture, VAT reporting, financial reporting (income statements, balance sheets), payment reminders, quotes, delivery notes, and credit notes. The platform is extended through add-on modules including mobile apps for iOS and Android, a REST API for developer integration, online payment processing via SumUp and PayPal, contact synchronization via PieSync, and receipt scanning via Xpenditure. Debitoor was acquired by SumUp and the application has been migrated to the SumUp platform. Pricing tiers (xs, s, m, l) offer scalable limits on invoices, expenses, and user seats.

Differentiator

Problem solved

Functional benefit

Products and services

• Debitoor Invoicing & Accounting Platform Cloud-based invoicing and accounting software designed for small businesses, freelancers, and sole proprietors, enabling professional invoice generation, expense tracking, bookkeeping, bank reconciliation, VAT reporting, and accountant collaboration via web browser.
• Debitoor Mobile App (iOS and Android) Native mobile applications for iOS and Android that provide full invoicing, quote management, expense tracking with camera capture, and real-time payment notifications on smartphones and tablets, including offline access.
• Debitoor REST API Free REST API enabling developers to automate invoice creation, synchronize customers and products, integrate expenses and suppliers, and connect Debitoor with e-commerce platforms, POS systems, CRM, and inventory software.

Quantifiable outcome

• Create professional invoices in under 1 minute
• +1 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• SumUpcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2021Debitoor has been fully integrated into SumUp, a point-of-sale and payment company. The Debitoor application has been shut down and customers redirected to SumUp's invoicing product. SumUp offers integrated tools for running a business including card terminals, online payments, and invoicing. Debitoor GmbH (Germany) is managed by Maximilian Théodore Alexander J Stella.
• Amazon Web Services (AWS)coreTechnology or IntegrationDebitoor's cloud infrastructure is built on Amazon Web Services (AWS) servers in Dublin, Ireland, under strict European data protection legislation (Directive 95/46/EC). AWS provides secure, scalable cloud hosting for the application.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Regional players

• Visma e-conomic: Denmark's leading cloud accounting SaaS for SMBs, owned by Visma. Direct competitor to Debitoor in the Danish home market with broader accounting functionality (general ledger, payroll add-ons) and a strong accountant channel; the most locally relevant peer.
• Dinero: Danish cloud accounting and invoicing SaaS for small businesses and freelancers. Competes head-to-head with Debitoor in Denmark on invoicing, expense capture, and bank integration, and is the closest direct Danish SMB-invoicing competitor.
• Billy: Danish accounting SaaS targeting small businesses, sole traders, and freelancers. Overlaps directly with Debitoor's Danish invoicing and bookkeeping positioning with a similar self-serve, accountant-friendly value proposition.

Direct peers

• FreshBooks: Canadian cloud invoicing and accounting SaaS for SMBs, freelancers, and service-based businesses. Closest global pure-play peer to Debitoor on PLG-led freelancer invoicing, with comparable subscription tiering and emphasis on ease of use for non-accountants.
• Wave Accounting: Canadian cloud accounting and invoicing platform for very small businesses and freelancers, acquired by H&R Block. Closest comparable peer on customer segment (micro-businesses, freelancers), freemium-led GTM, and integrated payments — and notably also went through an acquisition/ownership transition.
• Zoho Invoice: Cloud invoicing app within the broader Zoho suite, targeting freelancers and SMBs with tiered pricing, multi-currency, recurring invoices, and gateway integrations. Direct overlap with Debitoor's invoicing feature set and self-serve SMB positioning.

Emerging players

• Bonsai: All-in-one freelancer business hub combining invoicing, contracts, proposals, and accounting. Targets the same freelancer/sole-proprietor segment as Debitoor with a similar PLG, subscription-tier model and emphasis on integrated workflow rather than standalone invoicing.

Broad incumbents

• QuickBooks Self-Employed (Intuit): Intuit's freelancer- and sole-trader-focused tier of the QuickBooks suite. Comparable to Debitoor on customer persona (freelancers, sole proprietors) and lightweight invoicing, but backed by Intuit's substantially larger R&D, brand, and accountant distribution.
• Xero: Global cloud accounting platform for small businesses and their advisors. Comparable to Debitoor on small-business SaaS accounting, but Xero operates at materially greater scale with deeper bookkeeping, payroll, and ecosystem integrations.
• Sage: UK-headquartered incumbent provider of SMB accounting and payroll software (Sage Business Cloud, Sage One). Comparable to Debitoor on target customer (small businesses) and accounting feature scope, but with much broader product portfolio and stronger accountant channel.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/debitoor
• Facebookfacebook.com/debitoor
• LinkedInlinkedin.com/company/e-conomic

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Debitoor