Visma to strengthen its offering towards SMEs in Europe with the acquisition of Bokio

Visma has signed an agreement to acquire Bokio. With the acquisition, Visma will strengthen its offering with a strong cloud ERP and fintech solution for the Small and Micro segment in Europe.

Bokio is a Gothenburg and Stockholm based software and fintech company offering automated and AI-driven accounting software to SME’s and self-employed with customers in Sweden and the UK. Bokio is a payment institution, authorised by FI (the financial supervisory authority) in Sweden, enabling them to provide their users with a state-of-the-art fintech solution.

“We’re enormously proud to become part of the Visma family. This allows us to elevate Bokio to the next level and continue our strong growth pattern. Visma will be able to provide us with massive amounts of experience and experts in all fields necessary for us to keep developing going forward.”, says Viktor Stensson, CEO and co-founder of Bokio.

Visma is the leading cloud accounting and payroll provider in Europe for small businesses with over 1 million customers.

“Our mission is to help European entrepreneurs by offering high-quality products and local experts. Bokio fits our mission perfectly. We love their offering of new company registrations, Business accounts, cards, accounting, payroll, and a high level of automation”, says Ari-Pekka Savolaara, SMB Director at Visma.

“Visma can learn a lot from Bokio that will help our current customers. We also believe that we can help Bokio and Bokio's users by sharing our knowledge and the resources we have”, says Ari-Pekka Salovaara.

Bokio has approximately 80 employees, with clients mainly in Sweden and the UK, and in 2021 the software revenue was 12.8 mSEK. Completion of the transaction is subject to regulatory approval from Finansinspektionen. Bokio will continue as an independent company under the same name, roof, and set-up as today.

Contact information:

Ari-Pekka Salovaara, SMB director at Visma

Mail: ari-pekka.salovaara@visma.com

Phone: +358 44 056 3966

Tags: