VISMA acquires minority stake in fintech Accountable

Berlin/ Brussels/ Oslo (Norway) — The Scan­di­na­vian IT group Visma has acqui­red a mino­rity stake in Accoun­ta­ble, a German-Belgian fintech company specia­li­zing in intel­li­gent accoun­ting and tax solu­ti­ons for the self-employed. Visma is owned by the London-based private equity firm HG Capital. 

Finan­cial details were not disc­lo­sed, but Visma announ­ced its inten­tion to take over the start-up comple­tely in the future.

Accoun­ta­ble offers an app for Germany and Belgium that self-employed people can use to manage their finan­ces and taxes. The valua­tion for Accoun­ta­ble in the course of the take­over is said to be in the high double-digit million range. 

Accoun­ta­ble was foun­ded in Brussels in 2017 by Nico­las Quarré, Alexis Egger­mont and Hassan Ayed and was later joined by Tino Keller. — Accoun­ta­ble serves over 26,000 custo­mers in Belgium and Germany. Its mobile plat­form enables free­lan­cers and sole trad­ers to manage their taxes, invoices, banking and accoun­ting in colla­bo­ra­tion with profes­sio­nal advi­sors, often supported by AI tools. 

Merete Hver­ven, CEO of Visma (photo: Visma), explains that the invest­ment is in line with the company’s goal to expand its presence in Belgium and Germany. “With Accoun­ta­ble, we are expan­ding our range of intui­tive busi­ness soft­ware for the self-employed and remo­ving pain points and admi­nis­tra­tive burden,” she says. 

Despite the invest­ment, Accoun­ta­ble will conti­nue to operate inde­pendently with its current team. This is Visma’s fifte­enth acqui­si­tion in Belgium and under­lines its stra­te­gic push into the soft­ware market in the region. 

www.accountable.de

www.visma.com