September 13, 2021
Technology, Software, Financial Technology and Services, Financial Technology
GCA Advises Billogram on Its $45M Investment from Partech
GCA acted as exclusive advisor to digital invoicing and payment software provider Billogram, which has received a $45M investment from Partech, the global tech investment firm.
Billogram, founded in 2011 and headquartered in Stockholm, is the Nordic leader in digital end-to-end billing and payment solutions, characterized by superior user experience and smart features that increase customer satisfaction and remove friction from the customer journey. Billogram’s next-generation SaaS platform puts the customer relationship in focus while replacing traditional paper invoices – resulting in significantly higher retention rates at lower cost-to-serve for its enterprise clients.
Following a year of record growth for Billogram, the $45M investment from Partech will be used to accelerate the company’s international expansion and support its growth journey to become a European leader within the consumer billing and online payments market. This investment will allow Billogram to grow even faster, and the company plans to hire another 100 people in the upcoming months. Apart from further expansion within Germany, Billogram will enter Norway, Finland, Ireland, France, Spain and Italy in the upcoming years.
Jonas Suijkerbuijk, CEO of Billogram, said: “During 2020, we increased our number of signed deals by 300% and broke all previous sales records. It was a considerable achievement, and now, during the first half of 2021, we’ve already signed 50% more deals than last year. We need to expand into Europe to continue our growth, and Partech is the perfect partner to help us do so. They are not only an intelligent and pragmatic group of people but are also experienced in our field and know how to tackle the challenges we face. The Partech motto is ‘think bold, move fast, and be fair’ and this is something that genuinely resonates with Billogram’s beliefs and inspires our approach to international growth.”