eTasku
software that enables scan archive and delivery of receipts.
| Date | Investors | Amount | Round |
|---|---|---|---|
€300k | Early VC | ||
| Total Funding | 000k | ||
| EUR | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 16 % | 5 % | 21 % | 32 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 12 % | 11 % | 3 % | - | 8 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
eTasku Solutions Oy, founded in 2012 and headquartered in Tampere, Finland, provides a technology platform for digital expense management. The company was established by Saku Pihlajaniemi, who transitioned from a Full Stack Developer to Chief Technology Officer, leveraging his technical background to steer the company's development. The founding team, composed of serial tech entrepreneurs with a strong history in SaaS and Fintech, aimed to address the inefficiencies of paper-based receipt handling.
The core of eTasku's business is a mobile application and web portal designed to digitize and streamline the process of submitting receipts and travel invoices for accounting purposes. Clients, who range from individual entrepreneurs to small and medium-sized enterprises, use their mobile phones to photograph paper receipts. The captured data is then sent electronically to their accountant, eliminating the need for physical document handling. The platform also facilitates the creation of travel expense reports by automatically calculating mileage allowances and per diems. Beyond receipt and travel expense management, the service allows for the storage and management of other business-related documents. Revenue is generated through a subscription-based model, with tiered pricing plans for end-users, while the service is offered free of charge to accounting firms.
A significant milestone in the company's trajectory was its acquisition by Accountor on January 1, 2020. This has positioned eTasku as an operating subsidiary within the Accountor Group, a larger entity specializing in cloud-based financial and HR software solutions. This integration allows for API-based data transfer between eTasku and other Accountor software, such as Procountor, enhancing workflow automation for accounting professionals. The service is utilized by over 20,000 businesses and more than half of the accounting firms in Finland.
Keywords: expense management, digital receipts, travel invoice, mobile scanning, accounting software, SaaS, Fintech, receipt management, expense reporting, financial administration, document management, bookkeeping automation, SME accounting, Finnish startup, Accountor, paperless office, financial technology, business productivity software, digital archiving, allowance calculation