AnaCap-Backed Orbyt Announces Acquisition of Telia’s Finnish eInvoice Operations
AnaCap, a market-leading partner for founders and entrepreneurial management teams across services, technology, and software within the European financial ecosystem, today announces that its portfolio investment Orbyt, a leading Office of the CFO software provider for accounts receivable automation and integrated payments, has acquired Telia’s Finnish activities (“Telia Talous”) dedicated to providing eInvoice services. This strategic investment further strengthens Orbyt’s position as a leader in the Finnish market.
The Orbyt platform is tailored to the needs of large enterprise invoice senders and an extensive distribution partner network. Orbyt focuses on selected key verticals that are characterized by large customer bases and recurring digital invoicing needs such as financial services, debt collection, telecom, utilities, insurers, as well as the public sector.
Orbyt helps to drive digitalization, optimizing clients’ cash flows as well as providing tangible support to its client base, enabling them to achieve ESG targets, including the reduction of their carbon footprints through reducing the amount of printed papers used on a daily basis. Furthermore, Orbyt also supports customers in their preferred payment channels by providing them with a truly unique and advanced invoicing experience.
This investment and business combination represents a significant step in the company’s growth trajectory to further accelerate the journey to provide enterprises Office of the CFO digitization solutions while also improving the customer experience for both consumer and business billing activities. By partnering with Telia Talous, Orbyt gains a wealth of expertise and resources, allowing for the development of new service offerings and an even stronger focus on its suite of technological innovation.
Key Highlights of the Acquisition:
Leadership in the Finnish Market: Orbyt’s acquisition of Telia Talous strengthens its position as the market leader for eInvoice Services in Finland. The combined expertise of both companies is expected to drive growth and innovation in the industry.
Customer-Centric Focus: This acquisition will enable the company to offer new capabilities and improved services, ultimately enhancing the customer experience. Through the onboarding of Telia’s customers onto Orbyt’s platform, customers will have access to new and innovative invoicing and payment capabilities specifically tailored to the Finnish market, as well as increased agility and pace of innovation.
Expertise and Reliability: Orbyt’s reputation as an expert and solid partner in the field of eInvoice Services is further strengthened through this acquisition.
Rune Løbersli, Chief Executive Officer at Orbyt, commented:
“We are thrilled to welcome the talented team from Telia Talous into the Orbyt family. Together, we will continue to drive innovation and provide best-in-class invoicing and payment solutions to our customers, furthering our mission to digitize invoicing and payment processes for our customers.”
Jari Rapo, Head of Enterprise Business at Telia Finland, commented:
“We believe that the best opportunities for the further development of Telia Talous services and solutions for the benefit of the customers will be under Orbyt’s ownership, as producing and offering this kind of services are at the very core of Orbyt’s business.”
Alberto Sainaghi, Investment Director at AnaCap, commented:
“We are delighted to support Orbyt’s combination with Telia Talous and see the company further strengthening its position in the Nordics market thanks to its value-add client solutions. This transaction reinforces AnaCap’s experience and track record within the Office of the CFO software space and payments more broadly across Europe in recent years.”
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