Avance advises KKR-backed Finago Oy in its acquisition of SPL Company Oy, the parent company of UKKO.fi. UKKO.fi is one of Finland's largest providers of invoicing services for light entrepreneurs and financial management solutions for micro-entrepreneurs. Finago is a leading financial management software company in the Nordic countries, offering software solutions for financial management, payroll and HR management, and enterprise resource planning.
UKKO.fi aims to lower the threshold for entrepreneurship by taking responsibility for a significant share of the administrative burden associated with running a business, from company formation to accounting and invoicing. The acquisition of UKKO.fi supports Finago's continued growth and reinforces its position as a leading business software provider in the Nordics. The completion of the transaction is subject to customary regulatory approvals.