Kravia expands into the Netherlands

Following strong growth across the Nordics, Kravia is taking a major next step in its international expansion. Through the acquisition of debt collection platform PayQ, the company is establishing a presence in the Netherlands and welcoming 12 new colleagues in Apeldoorn to the team!

The acquisition brings together two companies with a shared ambition: making it easier for businesses to get paid. The goal is to drive growth by integrating technology directly with accounting software and system providers, working in close partnership with local accounting firms.

A perfect (orange) match

“Taking Kravia beyond the Nordics is a huge milestone for us,” says Svein Ove Kvalsund, CEO of Kravia. “We are bringing our proven distribution model into a much larger market, continuing to challenge and modernise a traditional industry. In PayQ, we found the ideal partner. Tim and Michaël are exceptionally skilled, and their company is a perfect fit for our culture and values.”

He adds with a smile:

“Ever since we launched Kravia in Bergen back in 2017, orange has been our signature colour. So taking our next step in the Netherlands, a country famously just as passionate about orange as we are - was a perfect match!”

By combining PayQ’s specialised expertise in real estate with Kravia’s technology platform, the group will deliver modernised invoice follow-up and debt collection services to both property managers and accounting firms across the Netherlands.

“Our ambition is crystal clear: we aim to become the preferred partner for property managers and accountants throughout the country. I am truly excited to welcome this energetic and highly skilled team in Apeldoorn to Kravia,” Kvalsund adds.

Local expertise, European scale

PayQ co-founders Tim van der Linden and Michaël Feith share Kvalsund’s enthusiasm and will continue in their roles to lead Kravia Netherlands' local efforts.

“Joining forces with Kravia is a perfect match for both our team and our clients,” says Michaël Feith. “The chemistry was there from day one—whether in terms of culture, technology, growth ambitions, or the people involved. Combining Kravia’s technology and proven track record of scaling with our local team in Apeldoorn gives us serious momentum. Together, we are going to set a new standard in the Dutch market.”

Strong performance and a solid outlook

This expansion follows a standout financial year. Kravia generated NOK 130 million in revenue in 2025, delivering strong profitability and solid growth across all markets. The entry into the Netherlands provides further momentum, with the company anticipating robust expansion in 2026. This puts Kravia firmly on track towards its target of NOK 220–250 million in revenue by 2026.