Fennoa

Helsinki, Finland Founded: 2013 • Age: 13 yrs
Financial management software is provided for accounting firms.

About Fennoa

Fennoa is a company based in Helsinki (Finland) founded in 2013 by Lasse Elfving.. Fennoa offers products and services including Fennoa Software, Fennoa Mobile, and Invoicing Module. Fennoa operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.

  • Headquarter Helsinki, Finland
  • Founders Lasse Elfving
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
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Products & Services of Fennoa

Fennoa offers a comprehensive portfolio of products and services, including Fennoa Software, Fennoa Mobile, and Invoicing Module. 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.

Primary

Automates accounting, payroll, and invoicing for businesses

Provides on-the-go access to financial tools and tasks

Simplifies sales invoicing and payment processing

People of Fennoa
Headcount 10-50
Employee Profiles 10
Employee Profiles
People
Vesa Ahonen
Chief Information Security Officer (ciso)
People
Mikko Kalliovaara
CEO
People
Hanna Mäkinen
Asiakaspäällikkö
People
Okko Vainiomaki
Chief Revenue Officer (cro)

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Funding Insights of Fennoa

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2022 Amount Seed - Fennoa Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Fennoa

Fennoa has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include CapMan. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Diversified investment management firm
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Fennoa

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Fennoa

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Fennoa Comparisons

Employees
+
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Competitors of Fennoa

Fennoa 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 Intuit, Visma, Clear, Wave and Xero, 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
Financial and accounting software is developed for businesses and individuals.
domain founded_year HQ Location
Cloud-based ERP software is provided for business management across segments.
domain founded_year HQ Location
Technology-enabled accounting and finance solutions are offered for SMBs.
domain founded_year HQ Location
Web-based accounting software is offered for business use.
domain founded_year HQ Location
Cloud-based accounting and payment management is offered for small businesses.
domain founded_year HQ Location
Cloud-based invoicing and accounting software is offered for businesses.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Fennoa

Frequently Asked Questions about Fennoa

When was Fennoa founded?

Fennoa was founded in 2013 and raised its 1st funding round 9 years after it was founded.

Where is Fennoa located?

Fennoa is headquartered in Helsinki, Finland.

What does Fennoa do?

Fennoa was established in 2013 in Helsinki, Finland, as a provider of financial management software tailored for accounting firms. Core solutions encompass expense management, invoicing, accounting processes, and reporting tools. Operations center on delivering integrated platforms to handle financial workflows efficiently. The company serves the professional services sector, with a focus on European markets from its Finnish base. Co-founded by Lasse Elfving, it supports streamlined fiscal operations for clients.

Who are the top competitors of Fennoa?

Fennoa's top competitors include Intuit, Visma and Clear.

What products or services does Fennoa offer?

Fennoa offers Fennoa Software, Fennoa Mobile, and Invoicing Module.

Who are Fennoa's investors?

Fennoa has 1 investor. Key investors include CapMan.

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