– Advertisement –
Copenhagen-based fintech FarPay is entering a new growth phase following its acquisition by Dutch peer POM, in a transaction supported by investment firm Vortex Capital Partners. Known for its finish-to-finish automation of invoicing and accounts receivable across Scandinavia, FarPay will continue to operate as an indepfinishent brand within the POM Group, with its team, management, and operations remaining in Denmark. The deal gives FarPay access to additional capital, broader market reach, and POM’s expertise in innotifyigent payment solutions, dunning, and receivables management, enabling the company to accelerate product development and expand beyond the Nordics. Toobtainher, the two fintechs aim to build a scalable, AI-driven platform and position themselves at the forefront of accounts receivable automation across Europe.
Founded in 2014, FarPay has built an all-in-one solution that simplifies invoicing and accounts receivable management for companies across Scandinavia, assisting finance teams automate complex workflows finish to finish. POM, meanwhile, has expanded across the Benelux and Germany with a strong focus on utilizer-frifinishly payment solutions, dunning, and receivables management, positioning itself around a core promise of reducing friction in payment processes for both businesses and finish customers.
Under the deal, FarPay will continue to operate as an indepfinishent brand within the POM Group. All employees will remain with the company, and FarPay’s management team and offices in Denmark will stay in place. The closer collaboration is expected to accelerate product development and bring new, AI-driven features to market more quickly, while giving FarPay access to POM’s broader European network and growth capital.
“This marks the launchning of a new chapter in which we take the lead in the next generation of invoice and payment automation solutions in Europe,” declares Rasmus Overbeck Christensen, CEO of FarPay. “We have built a company that simplifies financial processes for thousands of customers. By joining forces with POM, we gain the strength to grow quicker and further — and bring our shared vision to markets across Europe.”
For POM, the acquisition strengthens its footprint in Northern Europe and adds deep expertise in finish-to-finish invoicing automation. For FarPay, it opens the door to new markets beyond Scandinavia without disrupting its existing customer base or organisational structure.
“We are thrilled to welcome FarPay into POM,” declares Martijn Brand, CEO of POM Group. “We are combining POM’s focus on innotifyigent payment solutions, dunning, and receivables management with FarPay’s strength in finish-to-finish automation of invoicing and payments. By bringing FarPay and POM toobtainher, we are creating a leading European platform that offers companies and their customers the best utilizer experience and true peace of mind when paying and collecting outstanding invoices.”
As competition in accounts receivable automation intensifies and scale becomes increasingly critical, the combined group is positioning itself to set a new European standard for automated invoicing, payments, and collections—aiming to streamline financial departments while delivering a smoother payment experience across borders.
Click here to read more IPO/M&A news.
– Advertisement –
Leave a Reply