Nordic business software companies unite as Finago, with joint product suite

This marks the next step in ambitious Nordic expansion plans, accelerating efforts to grow Finago’s market footprint in the Nordic region. Finago combines deep local expertise and close partnerships in each market with the scale of a regional player. The company serves more than 170,000 customers across Finland, Sweden, and Norway.

“This is an exciting time in our industry. As Finago, we are taking a bold step forward, bringing together our teams, expertise, and software under one platform. Accounting offices and Nordic businesses can now access a software suite that connects financial, people, and operations solutions for a more integrated user experience. Our focused product portfolio strategy combined with market-leading partners set us apart in the industry today,” says Mikko Soirola, Chief Executive Officer at Finago.

Finago has a strong standing in the Finnish market, through Accountor Software’s legacy, serving customers with people and financial software since the late 1970s. By fully integrating with 24SevenOffice and Heeros, the new joint company becomes one of the largest Nordic players in the business software market, which in Europe is currently valued at around 7 billion euros and is expected to grow at an average annual rate of 8 percent until 2027, propelled by increased digitalization and AI. Finago sees potential to solidify its market-leading position in Finland, while eyeing exponential growth in Norway and Sweden.

“We have the teams, the partners, and the platform to power the next phase in business software,” says Magnus Engman, Chief Commercial Officer. “By coming together as Finago, we can offer an innovative ecosystem that’s designed with people in mind. Whether it’s an accounting office, a family business, or a global company, our solutions address different needs and stages of growth, with flexibility to scale with our customers.”

With the backing of its owner KKR, a leading global investment firm, Finago will continue to invest in innovation, product development, and talent. Investing in AI-powered features is a key focus, with enhanced automation of financial and admin tasks already being implemented. For some customers, Finago’s AI-driven insights have helped reduce admin workloads by up to 50 percent.

“I am excited about what we will be able to achieve together in terms of our technology and our combined software solutions,” says Eirik Aalvik Stranden, Managing Director Scandinavia. “Customers will benefit from a highly competitive and scalable product range that seamlessly integrates with ERP solutions and makes business admin easier. We’re now able to bring this to more Nordic businesses and accounting offices.”

The existing portfolios will continue to serve customers and partners, with some product name changes as products are aligned under the new Finago brand.

With this transformation, Finago is not only broadening its offering but also creating new opportunities for its more than 800 experts. The unified brand and culture empowers teams from financial, people and operations software to collaborate, innovate, and deliver powerful but easy-to-use solutions. To further strengthen this transformation, the new company has introduced an employee ownership model, giving employees a financial stake in the company’s growth and success.

Finago has offices in Finland, Norway, and Sweden.