This round brings Billogram's total funding to $57.7M. Here are the top-line bullets you need to know.
Billogram, a recurring billing and payments platform, has raised $45M in a Series C. The round drew participation from Partech Partners.
How’s the company performing?
- Sweden-based Billogram offers a platform for managing recurring payments. The company aims to replace traditional invoicing methods with an interactive payment solution.
- The company reported that signed deals grew by 300% in 2020.
- Billogram’s user base includes Kry, Ownit, Skanska Energi, Hallon, Vimla, and Telness, among others.
Why does the market matter?
- The global subscription and billing management market is projected to grow at a CAGR of 14.2% to reach a value of $ 14.2B by 2026, according to Infogence Global Research.
- Covid-19 has accelerated the adoption of contactless wallet payment services across sectors. eWallets are witnessing an increasing number of “peer-to-peer” and “customer-to-business” payments due to the pandemic, and this trend is expected to continue.
- The rise in e-commerce sales has led to an increase in digital transactions, boosting market growth. Moreover, banks are increasingly investing in digital payment infrastructures to compete with major players like Google, Amazon, and Facebook, which has further contributed to this growth.