Billecta AB Company Profile

Background

Billecta AB is a Swedish fintech company specializing in automated billing and payment management solutions. As a subsidiary of SaveLend Group AB, Billecta offers a comprehensive invoicing platform that streamlines the entire invoice lifecycle—from creation to payment reconciliation and accounting, including debt collection when necessary. The company's mission is to simplify and enhance the efficiency of financial operations for businesses and organizations, thereby improving cash flow and reducing administrative burdens. Billecta serves a diverse clientele, including charitable organizations like the Swedish Cancer Society and the Swedish Red Cross, as well as companies across various industries such as Akavia, Storage 365, Qasa, and Trippus.

Key Strategic Focus

Billecta's strategic focus centers on delivering a robust and user-friendly invoicing platform that automates the entire billing process. The company emphasizes the following core objectives:

Comprehensive Automation: Providing end-to-end automation of invoice management, from creation to payment reconciliation and accounting.

Scalability: Ensuring the platform can handle high volumes of transactions, as evidenced by processing over 500,000 invoice transactions in a single month.

Client Diversification: Catering to a wide range of clients, including non-profit organizations and commercial enterprises, to broaden market reach.

Strategic Partnerships: Collaborating with other technology providers to enhance service offerings, such as the partnership with Lime Technologies to integrate financial management with customer relationship management for real estate companies.

Financials and Funding

In January 2025, SaveLend Group AB sold approximately 22% of its shares in Billecta to BillCompany Holding AB (BillCo) for approximately SEK 22 million, resulting in a positive earnings impact of around SEK 11 million for SaveLend Group. BillCo is owned by individuals with expertise in Billecta's industry, as well as key personnel from Billecta's staff and management. This transaction is part of a broader strategic review initiated in June 2024, aiming to maximize shareholder value and explore potential divestment options for Billecta.

Technological Platform and Innovation

Billecta's platform is distinguished by its advanced automation capabilities, which include:

End-to-End Invoice Management: Automating the entire invoice flow, from creation to payment reconciliation and accounting, including debt collection when necessary.

Integration Capabilities: Seamless integration with other systems, such as the partnership with Lime Technologies, which combines financial management with customer relationship management for real estate companies.

Scalability: Demonstrated ability to handle high transaction volumes, processing over 500,000 invoice transactions in a single month.

Leadership Team

Mats Röjdmark, CEO: Appointed as CEO of Billecta, Mats has been instrumental in leading the company's growth and strategic initiatives.

Magnus Wiker, COO: As Chief Operating Officer, Magnus oversees the operational aspects of Billecta, ensuring efficiency and scalability.

Johan Roos, Chairman: Following the partial divestment, Johan resigned from SaveLend Group's board to focus on his role as Chairman of Billecta.

Leadership Changes

In January 2025, Johan Roos resigned from SaveLend Group's board to concentrate on his role as Chairman of Billecta, following the sale of a minority stake to BillCo.

Competitor Profile

Market Insights and Dynamics

The invoice management software market is characterized by a growing demand for automation and efficiency in financial operations. Businesses are increasingly seeking solutions that integrate seamlessly with existing systems and offer scalability to handle large transaction volumes.

Competitor Analysis

Billecta faces competition from several key players in the invoice management and billing software sector, including:

Stampli: Offers a finance operations platform centered on accounts payable, emphasizing automation and collaboration.

BILL AP/AR: Provides financial automation software for small and midsize businesses, focusing on accounts payable and receivable.

Xero: A cloud-based accounting software platform for small and medium-sized businesses, offering invoicing and billing features.

SAP Concur: Simplifies expense, travel, and invoice management for greater visibility and control.

NetSuite: A cloud ERP solution offering a suite of applications, including billing and financial management.

These competitors offer various features such as digital invoices, recurring invoices, and approvals, catering to businesses seeking user-friendly and reliable solutions.

Strategic Collaborations and Partnerships

In January 2025, Billecta formed a strategic partnership with Lime Technologies Sweden AB, a leading provider of customer relationship management tools. This collaboration aims to simplify daily operations for real estate companies by integrating Billecta's financial and rental management system with Lime's CRM platform, enhancing efficiency and customer experience.