Billogram Raises 45 Million SEK in New Capital Round

Billogram is beating the odds in today’s tough economy with a record-breaking year. This year’s results have already surpassed all of 2019, and with a capital injection of 45 million SEK, and important new clients such as Hallon and Vimla onboard, the company is gearing up for its next phase of expansion.

Billogram delivers smart invoicing solutions for companies with recurring payments. The company’s digital platform allows for customer-oriented digitalization and cost-efficiency within a growing number of industries. This year’s orders have already surpassed the entire year of 2019, making this the company’s best year yet, with an increase in transactions of 42% during the first five months of the year, despite the current global crisis.

In order to meet the increase in demand and to take the next step in its growth, Billogram has raised 45 million SEK in new share issues. Among the investors are current shareholders such as Wilgot AB (the Wilkne family), Inbox Capital and CNI.

– We have a lot of momentum in the market right now – we’re reaching all-time highs both in terms of orders and transactions. Our investors share our views on how we will continue to grow, and trust in our ability to get there. We’re preparing for our next phase of expansion by increasing our staff by about 50 percent and continuing to grow, both in Sweden and in Europe, says Jonas Suijkerbuijk, Co-Founder and CEO at Billogram.

Jonas Suijkerbuijk, Co-Founder och CEO at Billogram

Billogram’s impressive development is due to several interacting factors – including digitalization, an increased understanding of customer experience, and the need for cost-efficiency – which combine to give the company a strong market position.

– Our solution addresses and solves several of the important challenges that our customers face. Data from our customers demonstrates that we deliver positive results regarding our ability to reduce churn, lower cost-to-serve, and improve their customer experience. We’ve seen our customers reduce customer service errands by as much as 40 percent, and others have quickly increased their degree of digitalization by 25 percent. We’re incredibly proud of these numbers, says Carl Lindberg, Chief Revenue Officer at Billogram.

Carl Lindberg, Chief Revenue Officer at Billogram

For more information contact:****Martin SvaneMarketing Communications Manager, Billogrampress@billogram.com

Since its inception in 2011, Billogram has renewed an outdated billing process by offering an intelligent digital platform for invoices and payments. Through interactivity and automation, they make customer management more efficient for companies with recurring payments, and help them provide improved customer experience. The result is a payment that pays off for everyone. Billogram’s team of 50 employees is based at their Stockholm headquarters. Read more at billogram.com, and download the press kit here.