Ageras Achieves Significant Growth and Profitability for Two Consecutive Years

Ageras, the leading provider of accounting software, business banking, and administrative tools in Europe, has just revealed impressive annual results for 2024. The company celebrates not only achieving profitability for the second consecutive year but also experiencing a notable surge in revenue, boasting a remarkable 114% growth. This achievement marks a significant milestone in Ageras' growth story and showcases its strategic focus on delivering real solutions for small businesses.

A Remarkable Year

In a statement, Ageras CEO Rico Andersen highlighted that this year’s success is rooted in the company’s commitment to addressing the genuine needs of small businesses. “We are focused on building tools that simplify the lives of entrepreneurs. Even amid a challenging market, we managed to create a scalable and sustainable business model,” he said. Underpinning this success is an outstanding revenue increase which has led Ageras to report an EBITDA of €8.7 million accompanied by an impressive 90% gross margin, demonstrating its operational efficiency and disciplined growth strategy.

The company’s team has more than doubled in size, rising from 200 to 449 employees, and now proudly serves over 320,000 small businesses across Europe. With a strong presence in key markets including Denmark, the Netherlands, Germany, and France, Ageras has positioned itself as a go-to financial platform for small businesses seeking simple, integrated solutions delivered with quality and scale.

Strategic Acquisitions Driving Growth

In 2024, Ageras made bold strategic moves that expanded its reach and product offerings. The company’s largest acquisition to date was of Shine, a prominent French fintech known for its robust banking products. This acquisition included a vital payment institution license granted by the French regulator, which now empowers Ageras to introduce advanced banking features across Europe.

Even though Shine operated at a negative EBITDA at the time of the acquisition — due to prior aggressive investments — Andersen notes that the brand resonates well with small business owners. He expressed confidence in the value of integrating Shine’s cutting-edge technology, which has become integral to Ageras' expansion strategy in the European fintech landscape.

Ageras also acquired Storebuddy, a software solution specialized in automating accounting for digital payments, which enhances its accounting automation capabilities and strengthens its role as a vital partner for businesses accepting digital transactions.

Harnessing AI for Innovation

The integration of Artificial Intelligence (AI) into Ageras' offerings has served as a pivotal growth driver both for the company and the small businesses it supports. With innovative tools such as advanced expense categorization and email-based receipt matching, Ageras helps clients streamline their financial processes. “AI should enhance the experience without complicating it,” explains Andersen.

By embedding AI at the core of its platform, Ageras not only increases efficiency but also strengthens its commitment to customer support — a key factor in its success. The company’s proactive approach has been recognized multiple times, including the 'Best Customer Service' award in 2024 and 2025.

Commitment to Small Businesses

Founded in 2012 by enterprising duo Rico Andersen and Martin Hegelund, Ageras aims to set small businesses up for success by simplifying their administration tasks. By consolidating solutions for invoicing, accounting, payroll, banking, and financing into a single platform, Ageras empowers owners to concentrate on growing their businesses. With support from notable investors such as Investcorp, Rabobank's Rabo Frontier Ventures, and Luxor Capital, Ageras is poised for continued growth and innovation.

For more information about Ageras and its financial solutions, visit www.ageras.com.