About ePassi
ePassi is a Healthcare company based in Espoo (Finland) founded in 2007 by Risto Virkkala and Tommy Sarja, and was acquired by TA in August 2023. Online payment solution for businesses. It operates in the Healthcare, Travel & Hospitality, and Financial Services sectors. ePassi has raised $45.39 million across 1 funding round from investors including Warburg Pincus, ActiWay and Bregal Milestone. ePassi has completed 7 acquisitions, including ActiWay, Alleo and Eudaimon. Its chief executive, as recorded, is Pekka Rantala. Its website epassi.com draws about 22 thousand monthly visits. ePassi offers products and services including Epassi App and EpassiBIKE. Its focus areas include FinTech, Payments, Business Payments and Diversified.
Company details
ePassi provides online payment solutions for businesses. It features solutions for employee payments including, meals, transportation, healthcare, training, etc, and mobile payments for merchants via QR code scanning. ePassi app, and POS integration.
- Headquarters Espoo, Finland
- Founders Risto Virkkala, Tommy Sarja
- Stage Acquired
- SectorsHealthcareTravel & Hospitality Financial Services Technology
- Website category Finance · Accounting and Auditing
- Website epassi.com
- Social LinkedIn Facebook
- Acquired by ActiWay (Mar 2020)
- Total Equity Funding$45.39M (USD)
in 1 rounds
- Latest Funding Round$45.39M (USD), Series C
Sep 2019
- InvestorsWarburg Pincus
& 4 more
- Investments & AcquisitionsActiWay
& 6 more
- Acquired by
Products & Services of ePassi
ePassi offers a comprehensive portfolio of products and services, including Epassi App and EpassiBIKE.
App for redeeming employee benefits like meals and transportation.
Service for managing bike-related employee benefits and commuting.
Funding Insights of ePassi
ePassi has successfully raised a total of $45.39M through 1 strategic funding round. The most recent funding activity was a Series C round of $45.39 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45.39M
- Total Rounds 1
- Last Round Series C — $45.39M
- First Round $45.39M
(Sep 2019)
- Investors Count 2
All 1 funding rounds of ePassi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $45.39M | Series C | – | Bregal Milestone, First Fellow Partners | – |
5 investors in total: 5 institutional.
Investors in ePassi
ePassi has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus, ActiWay and Bregal Milestone.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
European growth private equity firm focused on software champions. | bregalmilestone.com | London, United Kingdom | ||
Venture capital investments are made in early-stage tech startups. | firstfellow.com | Helsinki, Finland | ||
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Multiple sectors are invested in by private equity firm TA. | ta.com | Boston, United States | ||
Employee health and fitness management tool | 2005 | actiway.se | Stockholm, Sweden |
Investor details for ePassi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of ePassi
42 people are tracked at ePassi (19 in leadership, 23 in team).
| Name | Role | Group |
|---|---|---|
Risto Virkkala | Co-Founder | Leadership |
Tommy Sarja | Co-Founder | Leadership |
Pekka Rantala | CEO | Leadership |
Domen Jere (叶东雷) | Marketing Director, Epassi Central Europe | Leadership |
Aleksi Miikkulainen | CMO | Leadership |
Aino Klemola | Head Of Financial Shared Services | Leadership |
Margarita Hiltunen | People Business Partner | Leadership |
Laura Mantere | Head Of Data & Analytics | Leadership |
Tomasz Matyjasik | Head Of Engineering | Leadership |
Regina Duzanskaja | Chief Financial Officer | Leadership |
Linda Mathiesen | Head Of Group Business Control | Leadership |
Alexander Yin | Group President | Leadership |
Ingela Walhelm | Chief People Officer, Partner | Leadership |
Juuso Tiitola | Head Of Bike Commercial | Leadership |
Niilo Koivisto | Head Of Public Sales | Leadership |
Raili Tobbi | SME Partner Sales Manager | Leadership |
Jonny Lingvall | Sales Director | Leadership |
Niko Kangasmaa | Head Of Marketing, Finland | Leadership |
Petteri Laesvuori | Group CTO | Leadership |
Arto Levi | Software Engineer | Team |
22 more people are available in the full profile.
Complete people profiles for ePassi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by ePassi
ePassi has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include ActiWay, Alleo and Eudaimon.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Compensation and benefits platform is provided for employee personalization. | alleo.nl | Amsterdam, Netherlands | 2021 | Nov 2025 | •••• | |
Employee performance management services are provided by Vip District. | vipdistrict.com | Madrid, Spain | 2010 | Jun 2025 | •••• | |
Benefit management software is provided for client operations and reporting. | zestbenefits.com | Leatherhead, United Kingdom | 2003 | Jun 2025 | •••• | |
Tax-free employee benefits and administration services are provided for companies. | smartum.fi | Helsinki, Finland | 1995 | Sep 2024 | •••• | |
A chain of fitness studios is operated in Bremen, Germany. | exercite.de | Bremen, Germany | 0 | Dec 2023 | •••• | |
Human resource consulting services are provided by Eudaimon. | eudaimon.it | Vercelli, Italy | 2002 | Jul 2023 | •••• | |
Employee health and fitness management tool | actiway.se | Stockholm, Sweden | 2005 | Mar 2020 | •••• |
Complete acquisition details for ePassi
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ePassi
11 dated milestones of ePassi across 18 years, from founding to its latest funding, stage changes and deals.
- Founded ePassi is founded.
- Funding First funding round of $45.4M.
- Acquisition Acquires ActiWay.
- Exit Acquired by ActiWay.
- Acquisition Acquires Eudaimon.
- Exit Acquired by TA.
- Acquisition Acquires Exercite.
- Acquisition Acquires Smartum.
- Acquisition Acquires Zest.
- Acquisition Acquires Vip District.
- Acquisition Acquires Alleo.
Web traffic of ePassi
The website of ePassi (epassi.com) receives about 22.2K visits a month and ranks #1,290,253 among all websites worldwide, #3,138 in Accounting and Auditing.
- Monthly visits22.2K
▼ 4.4% vs previous month
- Unique visitors10.7K
per month
- Global rank#1,290,253
among all websites
- Category rank#3,138
Finance · Accounting and Auditing
- Bounce rate53%
- Pages per visit1.5
- Average visit13 sec
- DevicesDesktop 20% · Mobile 80%
Websites whose visitors overlap most with ePassi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ta.com | 100% | #288,050 | View details |
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Related news about Epassi
Complete news archive for ePassi
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Frequently Asked Questions about ePassi
ePassi was founded in 2007 and raised its 1st funding round 12 years after it was founded.
ePassi is headquartered in Espoo, Finland.
Pekka Rantala is the CEO of ePassi, as recorded in our data.
ePassi is a funded company, having raised a total of $45.39M across 1 funding round to date. The company's 1st funding round was a Series C of $45.39M, raised on Sep 2019.
ePassi provides online payment solutions for businesses. It features solutions for employee payments including, meals, transportation, healthcare, training, etc, and mobile payments for merchants via QR code scanning. ePassi app, and POS integration.
ePassi offers Epassi App and EpassiBIKE.
ePassi has 5 investors. Key investors include Warburg Pincus, ActiWay, Bregal Milestone, First Fellow Partners, and TA Associates.
Yes. ePassi was acquired by ActiWay in March 2020.