After posting a profit for 2023, Danish accounting software fintech Ageras is looking to secure one or two significant acquisitions.
Ageras, which provides accounting, banking, and business software to over 300,000 European SMEs, reported a 53% revenue growth, achieving a turnover of EUR 31.7 million and its first profitable EBITDA of EUR 1.2 million for the year.
These results, coupled with a recent EUR 83 million funding round, position Ageras to capitalize on a growing market appetite for pan-European consolidation in the fintech sector. The company, which employs around 250 people, aims to make acquisitions in anticipation of a potential IPO in 2026.
Rico Andersen, CEO of Ageras, stated, “This is a unique platform for consolidation and further growth. With other European fintechs and SaaS companies affected by financial challenges in recent years, we see both supply and demand for a pan-European consolidation on our platform for accounting and banking software; together we can dominate this niche.”