Finago completes the acquisition of UKKO.fi
Finago has completed the acquisition of Finnish financial technology company UKKO.fi’s parent company SPL Company Oy’s entire share capital. The acquisition supports Finago’s continued development as a leading business software provider in the Nordics.
“I’m happy that we can welcome UKKO.fi to Finago today. This is a strong strategic fit: business founders increasingly expect digital-first, simple administration from day one. UKKO.fi has built a unique pathway that lets entrepreneurship start small, validate ideas quickly, and scale into full-time businesses. Together, we’re able to extend that journey. We’ll provide a continuous, scalable financial management solution as companies grow within the Finago ecosystem,” says Lars Engbork, Group CEO of Finago.
Finago announced the signing of the agreement on 17 March, and the acquisition was approved by the Finnish competition authorities in April.
The new ownership does not affect UKKO.fi’s daily operations, personnel or customer relationships. UKKO.fi will continue to operate independently within the Finago Group. This ensures continuity for its customers while UKKO.fi can in the future offer its customers an even wider range of solutions through the strategic support and networks of the pan-Nordic Group.
“Together with Finago, we’re accelerating our journey — bringing our customers a broader set of solutions and larger opportunities to grow their businesses. At the same time, this creates a powerful environment for our people to learn and develop. What remains unchanged is our core: UKKO.fi’s strong offering, our talented team, and our ambition to create opportunities for entrepreneurship and support people in the changing world of work,” says Aleksi Simola, CEO of UKKO.fi.
The parties have agreed not to disclose the purchase price or its terms.
Media contacts
Senior Communications Manager Kirsi Nystén, +358 44 410 3587, kirsi.nysten@finago.com
Chief Marketing Officer Miko Paassilta, UKKO.fi, 044 306 1981, miko.paassilta@ukko.fi
Previous press releases related to UKKO.fi acquisition:
https://finago.com/news/finago-continues-to-grow-agreement-on-ukko-fis-acquisition/
https://finago.com/news/competition-authority-has-approved-finagos-acquisition-of-ukko-fi/
Finago
Finago is one of the largest financial, people, and business operations software solution providers in the Nordics. It empowers accounting offices to stay one step ahead through trusted solutions and close partnerships. With a scalable software ecosystem backed by deep local expertise, Finago helps companies of all sizes turn everyday data into smart decisions. Finago is committed to sustainable business as a participant of the UN’s Global Compact since 2023, following its principles with annual progress evaluation by EcoVadis. Headquartered in Espoo, Finland, with offices in Sweden and Norway, Finago employs over 850 experts and is majority owned by KKR, a leading global investment firm. The turnover of Finago was more than 170 M€ in 2024.
finago.com
UKKO.fi
UKKO.fi is a growth company offering entrepreneurship solutions. It makes entrepreneurship accessible to everyone and easy to start. Founded in 2012, the company provides small entrepreneurs with everything they need, from invoicing to accounting. UKKO.fi is the market leader in light‑entrepreneurship solutions and also serves other small business owners, such as sole proprietors and entrepreneurs of limited companies. UKKO.fi’s mission is to create a world where everyone wants to be an entrepreneur.
UKKO.fi
