Enterpay
Provides a credit management and invoicing service designed solely to meet the needs of online trade between companies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €1.0m | Early VC | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 38 % | 306 % | (11 %) | 30 % | 11 % | (14 %) | (1 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (724 %) | (122 %) | (578 %) | (143 %) | (39 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1215 %) | (264 %) | (733 %) | (274 %) | (15 %) | (112 %) | (203 %) |
| 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 |
| R&D % of revenue | 91 % | 75 % | 84 % | - | - | - | - |
Source: Company filings or news article
Related Content
Enterpay Oy, a Finnish fintech company established in 2013, provides a specialized payment platform for the business-to-business (B2B) e-commerce sector. The company was founded in Helsinki by Jarkko Anttiroiko, who serves as CEO, and Tapio Vepsalainen. The leadership team's background combines extensive experience in the financial services industry, consulting, and technology development, which has informed the company's direction.
The firm's core offering is an automated credit management and invoicing service designed to streamline the online purchasing process for corporate clients. It addresses a key gap in the market, where traditional payment methods like credit cards often fall short of B2B needs. The platform allows business buyers to make instant purchases on account without requiring pre-registration or company credit cards, aiming to replicate the ease of a consumer checkout experience. For B2B merchants, Enterpay's solution automates the entire invoicing workflow, from buyer identification and credit risk assessment to invoice delivery and management, thereby mitigating payment fraud and transaction risks. This automation helps merchants enhance their cash flow and onboard more creditworthy customers.
Enterpay's business model is distinctly collaborative. Rather than competing with traditional financial institutions, the company operates as an enabler, providing its technology as an open platform that integrates seamlessly with banks and other financial partners. This strategy allows financial institutions to offer enhanced financing and payment solutions to their own merchant clients. A significant milestone in its history was a partnership with German institution Volksbanken Raiffeisenbanken and its payment subsidiary, VR Payment, to bring its solution to the German market. The company has also secured multiple rounds of funding to fuel its international expansion, including a €1 million round in 2019 and an earlier investment from Swedish VC firm NFT Ventures in 2017.
Keywords: B2B e-commerce payments, automated invoicing, fintech, credit management, payment gateway, online invoicing, B2B payment solutions, purchase on account, payment security, credit risk assessment, financial technology, corporate payments, invoice financing, digital payments, merchant services, e-commerce checkout, payment automation, Helsinki, Finland, Jarkko Anttiroiko, Tapio Vepsalainen