The Swedish invoicing and payment platform Billogram has scored €15 million in funding. Of this, €10 million came from Swisscom Ventures (which backed xFarm and Preply). The rest of the investment came from Partech, CNI Nordic and Inbox Capital.
Partnership with Swisscom Ventures
The investment will further boost the Swedish invoicing and payment platform’s growth initiatives in Europe, and the DACH region specifically. Billogram will work in close partnership with Swisscom Ventures to accelerate further growth.
Billogram sees this strategic investment and relationship with one of Europe’s leading telecom companies as an important step forward in their ongoing expansion into the European market, proving that companies with recurring payments are facing the same problems across the continent.
“Billogram is a unique player in the recurring payments industry in Europe. Based on our expertise in, and experience from the telecom business, we’re impressed by their platform and how it manages to substantially increase end-customer lifetime value, at a time when this is more important than ever. Therefore, we’re very excited to support the continued international expansion with our expertise and network”, said Pär Lange, Investment Partner at Swisscom Ventures.
“The fact that one of Europe’s largest telecom companies sees the potential in our business, and the value our platform creates, is important evidence of our fit for international markets. Recently, our core offering – creating long-term, loyal and profitable relationships with end-customers – has become more important than ever. That large European players now see how it provides direct cost savings, increased revenue and higher profit per end-customer is fantastic”, said Jonas Suijkerbuijk, CEO of Billogram.
Next-gen billing platform for businesses
Founded in 2011 by Cesar Sangchi and Jonas Suijkerbuijk in Stockholm, Sweden, Billogram offers the next-generation billing platform for businesses that rely on recurring payments.
Using smart technology, Billogram strengthens their clients’ relationships with end-customers while also automating the payment processes in a way that lowers costs, increases revenue, and reduces churn. The platform enhances enterprise clients’ end-customer experience across – among others – the telecom, energy, parking, finance, and security industries.
Over the past two years, the company has experienced record growth in the Swedish market and expanded into several European markets. In Switzerland, Billogram has a high volume of invoice transactions and people send, process and settle more invoices than almost any other country.
