Billogram shares
Unlisted company
Billogram was founded in 2011 by Jonas Suijkerbuijk and Cesar Sangchi with the aim of replacing traditional invoicing with a digital, interactive payment experience. The business operates through a proprietary cloud-based platform that manages the entire process from invoice issuance and distribution to payment, reconciliation and debt collection, a chain known in the industry as Invoice-to-Cash.
Revenue model and customers
Revenue is generated through a combination of subscription fees and transaction-based fees linked to invoice and payment volumes. The platform targets companies with large volumes of recurring payments, where an improved payment experience reduces customer churn and increases payment rates. The customer base includes companies in telecommunications, broadband, energy, parking and insurance. Billogram holds a payment service provider licence (PSP licence), enabling it to process payments in several European countries.
Corporate structure
Billogram operates in several European countries through its own subsidiaries. The parent company, Billogram Holding AB, is responsible for strategy and product development.
Growth strategy
The growth strategy is based on geographical expansion in Europe, further development of the product offering for larger corporate customers with complex invoicing flows, and increased revenue per customer through a broader range of services within payments and debt collection.
The platform
Invoice-to-Cash on one platform
Interactive invoice as a channel
PSP licence in several countries
Revenue and market
Subscriptions plus transaction fees
Large recurring payment volumes
Own subsidiaries in Europe
Financial performance
Published 11 September 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2022-12-31
- 5.8MSEK
- Equity ratio
- 80.1%
| Metric | FY 2023 | 2022 |
|---|---|---|
| Net sales | – | 0 |
| EBIT | – | 0 |
| Net income | – | 0 |
| Cash and bank | – | 5.8 |
| Equity ratio | 76.8%(-3.3 pp) | 80.1% |
Documents and reports
3New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 56m | SEK 2bn |
Questions about Billogram
Is Billogram publicly listed?
No, Billogram is a private company and is not publicly listed. The company has not completed an IPO, so its shares are not traded on a regulated stock exchange, but rather on the private market.
What does Billogram do?
Billogram is a Swedish fintech company that offers a cloud-based platform for invoicing, payments, and customer communication. The platform is aimed at companies with recurring payment flows and manages the entire process from invoice issuance to payment and debt collection.
Can I buy shares in Billogram?
Yes, it is possible to buy shares in Billogram through private share trading, provided that sellers are available. Through Eqvor, you can place a buy order and be matched with existing shareholders who wish to sell.
How do I sell shares in Billogram?
If you own shares in Billogram, you can place a sell order via Eqvor and be matched with buyers. When a buyer and seller are matched, the transaction is completed and the change of ownership is recorded in the company's share register.
Is Billogram affiliated with Euroclear?
No, Billogram is currently not affiliated with Euroclear. This means that the shares are registered directly in the company's share register and not through the Swedish securities system.
Can I hold Billogram shares with Avanza or Nordnet?
Because Billogram is not affiliated with Euroclear, the shares normally cannot be held in a standard securities account with Avanza or Nordnet. Instead, ownership is registered directly in the company’s share register.
Are there any rights of first refusal or pre-emption clauses in Billogram?
Yes, Billogram is subject to rights of first refusal or pre-emption. This means that share transfers may need to be handled in accordance with specific terms before the shares are resold to an external buyer.
Has Billogram raised capital?
Yes, Billogram has completed capital raises to finance its expansion and product development. Billogram's Capital raised is stated as SEK 74.4 million.
At what price is the Billogram share traded?
Since Billogram is unlisted, there is no official share price on a regulated marketplace. Instead, the price is determined by supply and demand between buyers and sellers in the private market.
When will Billogram be listed on the stock exchange?
There is currently no officially communicated timeline for a stock market listing of Billogram. We therefore do not know when Billogram may be listed or whether the company will carry out an IPO.
What are the risks of investing in Billogram?
Investing in Billogram involves risk, just like other investments in unlisted shares. Liquidity is generally lower than for listed shares, the availability of information is more limited, and it may take longer to sell the shares. Billogram’s value may also be affected by competition, customer growth, capital requirements, profitability, and developments in digital invoicing and payment solutions.
Where can I find Billogram's annual report?
Billogram's annual report can be found under Investor Relations and Financial Reports. The company's annual reports are available there for download.
How much capital has Billogram raised in total?
Billogram's Capital raised is stated as SEK 74.4 million. An equity raise is a term for raising capital, while terms such as funding round, financing or share issue are also commonly used.
Has Billogram reported a profit or a loss?
Billogram reports a negative result in the latest available information. Under Key figures, EBITDA is stated as -72,714 TSEK and net income as -215,309 TSEK. The company’s earnings development is also shown in the Results per year chart.