Dicopay
Billing and invoicing app.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
SEK42.0m | Series A | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 3311 % | 154 % | (5 %) | 48 % | (53 %) | 222 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (22308 %) | (14674 %) | (5768 %) | (868 %) | (1797 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (267027 %) | (25086 %) | (16718 %) | (8164 %) | (2431 %) | (4884 %) | (860 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Based in Stockholm, Sweden, Dicopay provides a financial technology solution aimed at small businesses, entrepreneurs, and freelancers. Founded in 2017 by a group of contractors including Tobias Kristoffersen and Christian Lagerling, the company addresses the critical need for prompt payment and simplified invoicing. Lagerling, known for co-founding the investment bank GP Bullhound in 1999, serves as the Chairman of the Board. The company launched its mobile billing service with direct payment in September 2018.
Dicopay operates through a mobile application available for both iOS and Android devices. The platform enables users to generate and send invoices directly from their phones via SMS or email. A key feature of the service is invoice financing; for a fee of 3.9% of the invoice amount, businesses can receive payment within hours instead of waiting for the typical 30-day payment cycle. This model is designed to improve cash flow and reduce the time spent on administrative tasks, allowing entrepreneurs to focus on their core business activities. The process is streamlined with BankID registration, allowing users to be ready to invoice within minutes. The end customer receives the invoice with the user's company as the sender and pays Dicopay, who has already advanced the funds to the user.
The company has secured significant financial backing to support its growth. In April 2019, Dicopay raised approximately €4 million ($4.5 million) in a Series A funding round. This investment was led by Schibsted Media Group, with participation from Resurs Bank and Moore Strategic Ventures. This funding followed earlier seed rounds that included investors such as former Finance Minister Anders Borg and Ikea's Chairman Lars-Johan Jarnheimer. The total funding raised by the company is reported to be between $4.49 million and $9.7 million across its funding rounds.
Keywords: mobile invoicing, immediate payment, invoice financing, small business fintech, freelancer tool, cash flow solution, automated invoicing, B2B payments, Stockholm fintech, accounts receivable, digital billing, payment processing, entrepreneur finance, mobile commerce