Finago continues to grow – agreement on UKKO.fi’s acquisition
Finago has made an agreement to acquire 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.
“We are pleased to welcome UKKO.fi into the Finago family and to continue our growth journey together. As a result, our joint portfolio will include solutions tailored for light entrepreneurs while strengthening our overall offering for micro businesses. Finago’s commitment remains unchanged: we will continue to develop and offer software that enables businesses to succeed”, says Magnus Engman, Finago’s Chief Commercial Officer.
UKKO.fi delivers easy to use solutions that help freelancers and small entrepreneurs in Finland manage invoicing, taxes, and essential administrative tasks, removing complexity so they can focus on running their businesses. By joining forces, Finago and UKKO.fi will build a full pathway supporting customers from their first steps as entrepreneurs all the way to becoming established small or medium sized companies.
“Together with Finago, we can offer our customers an even broader set of solutions and better opportunities to grow their business. Becoming part of Finago also opens up interesting learning opportunities for UKKO.fi’s employees. Otherwise, we will continue working just as before: UKKO.fi’s strong offering, our skilled people, and our ambition to create opportunities for entrepreneurship and to support people in the changing world of work will remain the same,” says UKKO.fi’s CEO Aleksi Simola.
The new ownership does not affect UKKO.fi’s daily operations, personnel or customer relationships. After the acquisition is completed, 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 even wider range of solutions through the strategic support and networks of the pan-Nordic partner. The parties have agreed not to disclose the purchase price or its terms. The acquisition is subject to customary closing conditions and approval by the relevant authorities.