Finago completes the acquisition of UKKO.fi

Finago has completed the acquisition of Finnish financial technology company UKKO.fi’s parent company SPL Company Oy’s entire share capital. The acquisition supports Finago’s continued development as a leading business software provider in the Nordics.

“I’m happy that we can welcome UKKO.fi to Finago today. This is a strong strategic fit: business founders increasingly expect digital-first, simple administration from day one. UKKO.fi has built a unique pathway that lets entrepreneurship start small, validate ideas quickly, and scale into full-time businesses. Together, we’re able to extend that journey. We’ll provide a continuous, scalable financial management solution as companies grow within the Finago ecosystem,” says Lars Engbork, Group CEO of Finago.

Finago announced the signing of the agreement on 17 March, and the acquisition was approved by the Finnish competition authorities in April.

The new ownership does not affect UKKO.fi’s daily operations, personnel or customer relationships. UKKO.fi will continue to operate independently within the Finago Group. This ensures continuity for its customers while UKKO.fi can in the future offer its customers an even wider range of solutions through the strategic support and networks of the pan-Nordic Group.

“Together with Finago, we’re accelerating our journey — bringing our customers a broader set of solutions and larger opportunities to grow their businesses. At the same time, this creates a powerful environment for our people to learn and develop. What remains unchanged is our core: UKKO.fi’s strong offering, our talented team, and our ambition to create opportunities for entrepreneurship and support people in the changing world of work,” says Aleksi Simola, CEO of UKKO.fi. The parties have agreed not to disclose the purchase price or its terms.