Bokoredo gets SEK 6M in fresh funding for its SAAS accounting solution

Sweden Investments 28 April 2017
Share on FacebookShare on Twitter

Bokoredo, a Stockholm, Sweden-headquartered SAAS fintech raised SEK 6M ($680k) in debt and equity funding. The equity investment comes from existing investors - Jens Browaldh, Johan Blomquist and Klas Johansson -  who also placed SEK 4M ($471k) in the company in 2015.

Bokoredo, founded in 2013 by CEO Peder Alberg, has developed a SAAS platform that is accessible via web or mobile. The company has an office in India, where it employs 80 people, and also has 22 employees in two offices in Sweden - in Stockholm and in Gothenburg.

In 2016 the company was breakeven at sales of about SEK 15M ($1.6M) and expects to double it in the year to come.