Kravia acquires Billecta – strengthening its presence in Sweden and building a complete Nordic platform from invoicing to payment

Kravia is taking an important strategic step in its Nordic growth ambitions through the acquisition of the Swedish fintech company Billecta. With the acquisition, Kravia establishes a strong position in Sweden and builds a holistic Nordic platform covering the entire value chain – from invoicing to payment and collections.

The acquisition aligns with a clear development in the market, where an increasing number of businesses are demanding more holistic and connected solutions. The need for better flow between invoicing, follow-up and payment is growing, and order-to-cash is increasingly viewed as one continuous process rather than separate systems and vendors.

A strategic fit – commercially, culturally and technologically

Billecta is a leading Swedish provider of invoicing and invoice management, with a particularly strong position among vertical software vendors, organisations and businesses with high invoice volumes. Combined with Kravia’s strengths in automated payment follow-up, collections and deep system integrations, this creates a complete solution covering the entire process from invoice to payment.

“Billecta is an excellent strategic fit for Kravia – commercially, culturally and technologically. They have built a strong position in Sweden with profitable growth, and complement our existing strengths in a way that makes us better equipped to compete and grow in Sweden and across the Nordics,”
says Svein Ove Kvalsund, Group CEO of Kravia.

With Billecta as an integrated part of the Kravia Group, complementary technology, product expertise and market experience are brought together into a shared Nordic platform. This strengthens the group’s overall offering and lays the foundation for even better solutions for customers across the Nordic region.

A complete solution for the entire order-to-cash process

By combining Billecta’s invoicing management platform with Kravia’s automated solutions for payment follow-up and collections, friction between invoice issuance and payment is reduced.

For customers, this means among other things:

• better visibility and control
  
  
• higher payment rates
  
  
• less manual work
  
  
• a more seamless and digital customer journey
  
  

“The market is clearly moving towards more holistic solutions, where invoicing, follow-up and collections are seen as part of the same process. The ambition is to build a shared Nordic platform that gives customers access to a broader service offering, tighter system integrations and more data-driven processes,”
Kvalsund adds.

A new chapter for Billecta

For Billecta, the acquisition represents a natural and highly positive next step in the company’s development.

“Over time, we have built a strong offering in invoicing and payments in Sweden, and in Kravia we gain an owner who shares our view on technology, customer value and long-term value creation. Together, we can accelerate the development of the platform, create clear synergies across the entire order-to-cash process and build an even stronger Nordic offering,”
says Mats Röjdmark, CEO of Billecta.

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Strong growth and clear ambitions ahead

The acquisition follows several years of strong organic growth for the Kravia Group. In 2025, the group reported revenues of approximately NOK 130 million, with organic growth exceeding 25 percent. Following completion of the transaction and expected growth in 2026, the group’s revenues are expected to exceed NOK 230 million in 2026.

The transaction involves Kravia acquiring just over 90 percent of the shares in Billecta. Billecta’s founders and management will remain co-owners of the company and continue to develop Billecta with full focus on customers, product and innovation – now as part of the Kravia Group. The acquisition is expected to be completed in January 2026, subject to approval by Swedish authorities.

The acquisition of Billecta is aligned with Kravia’s long-term strategy of growing through a combination of organic development, strong partnerships and selective acquisitions in the Nordics – with one clear goal:

👉 to make invoicing, payment and collections simpler, smarter and more connected – across systems and across borders.

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