Qvalia announced a $1.3M capital investment from Spiltan.
Qvalia, a Stockholm, Sweden-based company providing a cloud-based software as a service solution used for complete automation in financial processes, announced in a press release raising a SEK 12M ($1.3M) capital investment round.
The funding was backed by existing Swedish investor Investment AB Spiltan and money will be used to accelerate the development and simplify the onboarding of new customers.
Qvalia, founded in 2007 by CEO Henri Taipale, built a platform that improves and automates sales and purchase transactions, from invoice management to transactional accounting for the enterprise. The company is profitable at a 2018 turnover of SEK 69M ($7.2M).