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Billhop aims its sights towards Britain

News   •   Aug 17, 2015 13:47 BST

On the 17th of August, DI Digital wrote:

The Swedish Fintech company ‘Billhop’ has gained momentum. The company, which makes it possible for small business owners to pay invoices using their credit cards, now seeks to expand operations into Europe.

Last spring, Billhop was accepted onto an accelerator programme organised by the card giant MasterCard. The programme "Home Path" is there to help start-up companies expand in Europe, and Billhop is aiming for a specific market.

"Britain suits us very well. It is a market well accustomed to the internet and has a mature card market," explains Erik Malm, CTO at Billhop.

In addition, the UK has a large market with over 4 million small and medium-sized businesses. The plan is to launch Billhop in the UK this winter. After this, no doubt Spain and Italy - two markets with a large number of small businesses, are also something the company will be aiming for. However, to cope with such rapid growth, a lot of money is needed. Billhop raised SEK12 million in venture capital, from for example Almi Invest, just over a year ago. Now they are planning a new round of financing around the turn of the calendar year.

This is an excerpt taken from an article published in DI Digital on the 17th of August. You can read the full article here: http://digital.di.se/artikel/billhop-tar-in-18-miljoner--siktar-pa-storforetag (article in Swedish)