StageAcquired | Acquired
As of March 22nd, 2022, Billomat was acquired by Aifinyo. The terms of the transaction were not disclosed. Billomat is an internet-based accounting program for SMEs. The company was founded in 2007 and is based in Nurnberg, Germany.
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Expert Collections containing Billomat
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Latest Billomat News
Jul 20, 2022
. 20.07.2022 / 06:30 H1 2022: Transaktionsvolumen EUR 157,9 Mio. (+30%), Rohertrag EUR 5,9 Mio. (+55%) Integration of Billomat progressing successfully Outlook: Growth momentum expected to continue Dresden/Berlin, 20 July 2022 – aifinyo AG today released its approved consolidated financial statements for 2021, confirming the preliminary figures published in January. The B2B fintech has successfully developed operationally and strategically in 2021. After having to record revenue losses and a negative annual result in 2020 for the first time since the company was founded in 2012 due to Corona, the company has returned to its profitable growth course. At the same time, aifinyo has invested heavily in the technological development of its smart billment ecosystem. After a successful start to 2022, the positive development is expected to continue in the further course of the year. The operator of a cloud-based platform for invoice and liquidity management, including uncomplicated financing solutions, which is unique in Germany, increased its transaction volume in the first half of 2022 by 30% from EUR 121.83 million in the same period of the previous year to EUR 157.90 million. Gross profit (total operating performance reduced by cost of goods sold and depreciation of leased assets), one of the company's most important key performance indicators, increased by as much as 55% to EUR 5.94 million in the first six months of the year. Despite one-off costs - including those for the acquisition of Billomat - aifinyo's earnings before interest and taxes (EBIT) increased significantly and disproportionately. EBIT increased by 179% from EUR 0.25 million to EUR 0.70 million. Adjusted for one-off effects, EBIT was even EUR 0.88 million. Earnings before taxes (EBT) improved from EUR -0.18 million to EUR 0.32 million compared to the first half of 2021. In addition to the pleasing operational development, aifinyo took an important strategic step in the first half of the year with the acquisition of Billomat. This expands aifinyo's ecosystem around the billing process of companies and the customer base was increased from about 2,000 to almost 10,000. In addition, there is considerable cross-selling potential. aifinyo CEO Stefan Kempf: "The integration of Billomat has gone smoothly so far. After initially focusing on internal processes, we will be tackling the optimization of the joint IT infrastructure and cross-selling potential in the coming months. By giving Billomat customers access to aifinyo's financing solutions, for example, revenue per customer should increase significantly in the medium term." aifinyo expects that while there are uncertainties due to the macroeconomic environment, the company's profitable growth should continue in the second half of 2022. Overview of key figures (preliminary): in kEUR
Billomat Frequently Asked Questions (FAQ)
When was Billomat founded?
Billomat was founded in 2007.
Where is Billomat's headquarters?
Billomat's headquarters is located at Lorenzer Straße 31, Nurnberg.
What is Billomat's latest funding round?
Billomat's latest funding round is Acquired.
Who are the investors of Billomat?
Investors of Billomat include Aifinyo and Online News Business.
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