Danish fintech Ageras to make “1-2 major acquisitions” ahead of 2026 IPO
Ageras, an accounting, banking and business software solutions provider based in Copenhagen, is preparing to complete “1-2 major acquisitions before a potential IPO in 2026”.
Ageras pursues M&A strategy for 2026 IPO
According to its 2023 annual report, the Danish fintech experienced a 53% increase in revenue growth last year, leading to a turnover of €31.7 million and its first profitable EBITDA of €1.2 million.
This is in addition to a customer count of around 300,000 European small businesses, and a five-year CAGR of 53%, which Ageras says affirms its “stable and strong growth trajectory” and “serves as a clear call-to-action for other fintechs and business software companies wanting to consolidate and join the journey”.
The fintech reinforced its ambitions for this trajectory in April when it raised an €82 million private investment round supported by Investcorp, Folketrygdfondet, Lazard, Roosgruppen, Back in Black, Alcur, CNI Nordic and Investering & Tryghed.
With its cloud-based solution currently active across France, Germany, the Netherlands and Denmark, Ageras said at the closing of the round that it was preparing to induce an “acquisition hunt”, before later quantifying the effort this week.
“Our 2023 metrics and market position proved that we are mission-critical and resilient,” claims Ageras CEO and co-founder, Rico Andersen.
“This is a unique platform for consolidation and further growth and with other European fintechs and SaaS companies having been hit in the wake of the last couple of years’ financial turmoil, we believe there is both supply and demand for a pan-European consolidation on our platform for accounting and banking software.”
Further details of where the fintech plans to induce a stock market floatation, or the specifics of how it plans to get there, have not been disclosed
