Danish accounting software fintech Ageras has announced ambitious plans for significant acquisitions following a highly profitable 2023. The company, which serves over 300,000 European SMEs with its accounting, banking, and business software solutions, reported a remarkable 53% revenue growth, achieving a turnover of €31.7 million and its first profitable EBITDA of €1.2 million.
Growth Fueled by Strategic Investments
With the backing of a recent €83 million funding round, Ageras is poised to capitalize on the growing market appetite for pan-European consolidation in the fintech sector. The company, which employs around 250 people, aims to secure one or two major acquisitions ahead of a potential IPO in 2026.
CEO’s Vision for Expansion
Rico Andersen, CEO of Ageras, expressed confidence in the company’s strategic direction: “This is a unique platform for consolidation and further growth. With other European fintechs and SaaS companies impacted by recent financial turmoil, we see both supply and demand for pan-European consolidation. Together, we can dominate the niche for accounting and banking software.”
Aiming for Industry Leadership
Ageras’ aggressive expansion strategy reflects its commitment to becoming a leading player in the European fintech landscape. The company’s robust financial performance and strategic funding position it well to leverage market opportunities and drive significant growth through targeted acquisitions.
