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Pagero

Fintech · Göteborgs Stad, Sweden · Founded 2000

Pagero Group AB (publ) operates a cloud-based network specializing in the automated and secure exchange of business documents, a sector often referred to as e-invoicing and purchase-to-pay. The company was founded in 1999 in Sweden by Bengt Nilsson. Nilsson's background in the IT and ERP systems integration space provided the foundational expertise for developing a platform aimed at streamlining business transactions. His vision was to create a single, open network to connect businesses for seamless digital communication, regardless of their size, industry, or the ERP system they used. The company's core offering is the Pagero Network, a global platform that connects buyers, suppliers, and other business partners for the automated exchange of orders, invoices, payment instructions, and other business documents. This service is designed to help businesses achieve full digitalization of their purchase-to-pay and order-to-cash processes. Pagero serves a wide array of clients, from small and medium-sized enterprises to large multinational corporations across various industries, including manufacturing, logistics, and healthcare. The business model is primarily subscription-based, generating revenue from fees for network access and transaction processing. The platform's key benefit lies in its ability to ensure compliance with local e-invoicing and tax regulations across different countries, a significant challenge for businesses operating internationally. By connecting to the Pagero Network once, companies can communicate with any other business on the network, simplifying cross-border trade and improving operational efficiency. A significant milestone in the company's recent history was its acquisition by Thomson Reuters, which was completed in early 2024 after a competitive bidding process that also involved Vertex, Inc. This acquisition positions Pagero within a larger financial technology and information services ecosystem, suggesting a strategic move to integrate its e-invoicing and compliance capabilities with Thomson Reuters' broader suite of tax, legal, and risk management solutions. The acquisition followed Pagero's listing on the Nasdaq First North Growth Market, marking a period of substantial growth and market recognition for the firm. Keywords: e-invoicing, purchase-to-pay, order-to-cash, business network, procure-to-pay, accounts payable automation, accounts receivable automation, supply chain automation, digital transformation, regulatory compliance