Payer, known for its unique platform for B2B invoicing and payments, today announces strong performance following the restructuring of its business, platform, IP, and brand under new ownership in May 2024. The restart has attracted media attention, including coverage in Di Digital.
\nThe global economic downturn in 2023\u20132024 created challenges for the previous ownership structure to secure the funding required for continued expansion. To ensure the platform’s long-term stability and development, the operations were acquired by a new company in May 2024. Key members of the original team continued on to ensure service continuity and uninterrupted customer delivery.<\/p>\n
Payer will continue to lead the automation of B2B invoicing and B2B payments, eliminating manual workflows and enabling new business models for companies operating in business-to-business sales. In the near term, Payer will strengthen its presence in modern business models, particularly within the sharing economy\u2014such as in the real estate sector, where Vasakronan is a long-term customer.<\/p>\n
One of the most important drivers behind Payer\u2019s successful restart has been the unwavering trust from its customers. A majority renewed their contracts during the transition, reinforcing confidence in the platform, the new ownership, and the team. Payer\u2019s ability to deliver without disruption before, during, and after the restart has further proven its operational strength and long-term resilience.<\/p>\n
As of the fiscal year-end 2024, new Payer entity reported rapid revenue growth with low burn and near profitability during its first shortened fiscal year. Net sales reached approximately SEK 900,000 over eight months, with about 85% consisting of recurring monthly revenue. Estimated net income, including non-cash depreciation, came in at around SEK -300,000.<\/p>\n
Since the restart, Payer has signed several strategic partnerships to support its transition from direct sales to a partner-based go-to-market model. These partnerships are set to roll out during 2025, contributing to revenue growth and expanding Payer\u2019s reach.<\/p>\n
Payer\u2019s strong rebound, positive performance indicators, and continued trust from high-profile brands and partners also attracted several experienced and successful entrepreneurs as new investors at the end of the year. To support future growth, Payer recently closed a successful capital raise of SEK 3 million. Notable participants include Bengt Nilsson (founder of IFS and Pagero), Lennart Boestad (CEO at Greentrade), Hans von Knorring (founder of Lumera), Olof Larsson (founder of IT-HUSET), and H\u00e5kan Nilsson (founder of Zinnovate).<\/p>\n
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For more information, please contact:<\/strong> <\/p>\n Payer is a Swedish fintech company specializing in B2B invoicing and payments for companies operating in business-to-business sales. With a flexible and innovative cloud-based platform and deep domain expertise, Payer helps companies automate their billing and accounts receivable processes\u2014reducing costs by up to 70%. Customers such as Vasakronan and Volvo have chosen Payer as a long-term partner to improve the customer experience and gain competitive advantages. Payer\u2019s API-based platform is easy to integrate, works seamlessly with existing ERP systems, handles complex demands, and enables new business models that drive growth and strengthen customer relationships.<\/p>\n","protected":false},"excerpt":{"rendered":" Stockholm, February 19, 2025 Payer, known for its unique platform for B2B invoicing and payments, today announces strong performance following the restructuring of its business, platform, IP, and brand under new ownership in May 2024. The restart has attracted media attention, including coverage in Di Digital. The global economic downturn in 2023\u20132024 created challenges for […]<\/p>\n","protected":false},"author":14,"featured_media":21189,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[249],"tags":[],"class_list":["post-21809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n
\nMarketing Department
\npress@payer.eu<\/p>\nAbout Payer<\/h3>\n