Investment AB Spiltan invests EUR 1.2 million in Qvalia. By rethinking finance data management, Qvalia's platform improves and automates sales and purchase transactions, from invoice management to accounting.
“Qvalia solves a significant problem with its powerful automation solution for daily finance processes. They meet all our requirements regarding growth potential, founder-driven culture and market position”, says Per Håkan Börjesson, CEO of Spiltan.
The funds will be used to accelerate the development and simplify the onboarding of new customers.
“Our software increases the efficiency radically in daily finance operations within our customers' existing IT infrastructure. There has been a strong interest since our roll-out in 2018, and we need to increase our development capacity. Spiltan has been a valuable partner since 2011, and we’re grateful for their continued support”, says Henri Taipale, founder and CEO of Qvalia.
Qvalia was founded in 2007 as an expert in transaction analysis, a data-driven service to identify accounting deviations and recover lost capital. The company grew rapidly and is now the Nordic leader. Based on the company's insights into financial data management, Qvalia is developing a platform for complete and flawless automation in finance processes for the enterprise, such as invoice management and transactional accounting.
The platform's products include:
Investment AB Spiltan is a Swedish investment company, with a total portfolio of SEK 5 billion, that invests in Swedish private companies run by talented entrepreneurs. Spiltan has more than 3,100 shareholders and is traded on Alternativa Listan of Pepins Group AB. Spiltan invested in Qvalia 2011 and 2016
For more information
Per Holmlund, CMO, Qvalia
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