About ePassi
ePassi is a company based in Espoo (Finland) founded in 2007 by Risto Virkkala and Tommy Sarja was acquired by TA in August 2023.. 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. ePassi offers products and services including Epassi App and EpassiBIKE. ePassi operates in a competitive market with competitors including Flutterwave, PayU, Sodexo, CyberSource and Wirecard, among others.
- Headquarter Espoo, Finland
- Founders Risto Virkkala, Tommy Sarja
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Sectors
HealthcareTravel & Hospitality Financial Services Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.39 M (USD)
in 1 rounds
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Latest Funding Round
$45.39 M (USD), Series C
Sep 30, 2019
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Investors
Warburg Pincus
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
ActiWay
& 6 more
- Acquired by
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Products & Services of ePassi
ePassi offers a comprehensive portfolio of products and services, including Epassi App and EpassiBIKE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for redeeming employee benefits like meals and transportation.
Service for managing bike-related employee benefits and commuting.
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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 Total Funding
- Total Rounds 1
- Last Round Series C — $45.4M
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First Round
First Round
(30 Sep 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series C - ePassi | Valuation | Bregal Milestone , First Fellow Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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European growth private equity firm focused on software champions.
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Founded Year | Domain | Location | |
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Venture capital investments are made in early-stage tech startups.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ePassi
ePassi has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include ActiWay, Alleo and Eudaimon. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Compensation and benefits platform is provided for employee personalization.
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2021 | ||||
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Employee performance management services are provided by Vip District.
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2010 | ||||
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Employee health and fitness management tool
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ePassi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Epassi Comparisons
Competitors of ePassi
ePassi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, Sodexo, CyberSource and Wirecard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Global e-commerce payment processing and security services are managed.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Epassi
Frequently Asked Questions about ePassi
When was ePassi founded?
ePassi was founded in 2007 and raised its 1st funding round 12 years after it was founded.
Where is ePassi located?
ePassi is headquartered in Espoo, Finland.
Who is the current CEO of ePassi?
Pekka Rantala is the current CEO of ePassi.
Is ePassi a funded company?
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 30, 2019.
What does ePassi do?
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.
Who are the top competitors of ePassi?
ePassi's top competitors include PayU, Flutterwave and Sodexo.
What products or services does ePassi offer?
ePassi offers Epassi App and EpassiBIKE.
How many acquisitions has ePassi made?
Who are ePassi's investors?
ePassi has 5 investors. Key investors include Warburg Pincus, ActiWay, Bregal Milestone, First Fellow Partners, and TA Associates.