Ageras Group, a group of companies backed by Investcorp Technology Partners (“ITP”) that offers a range of mission-critical accountancy software solutions to small businesses, also known for their online marketplace Ageras.com helping business owners save time and money by comparing quotes from qualified accountants, has 73 million more reasons to continue expanding its matchmaking service globally, and acquire more businesses that make life easier for small business owners.
The Ageras Group, currently operating in six countries and with a stellar 4.6 TrustPilot score, to date has served more than 340,000 business owners worldwide. The award-winning company’s expansive network of more than 5,000 accounting professionals are availed to businesses in a risk-free quality assured capacity for any type of accounting and bookkeeping need—from annual reports and bookkeeping, to tax preparation. An entrepreneur-driven operation, Ageras understands its client’s need for a sufficient overview of your business so you can focus on the right things.
Ageras will be utilizing this recent $73 million investment round from Lugard Road Capital—a multi-billion dollar global investment fund focused on public and private companies in the Internet, software, consumer and technology sectors—to grow the business in the US and abroad, and acquire more Business-to-Business (“B2B”) software companies. Ageras also aims to begin building banking services directly into its current offerings. The company’s fully integrated, on-demand accounting ecosystem will encompass accounting talent sourcing, digital accounting services, and bank services — making them a true 360-degree platform for any business accounting and financial need. Their clients will have a one-stop dashboard from which they can control all of their company’s financial requirements — for example, time tracking, invoicing, live on-demand P&Ls, cash flows, and a myriad of bank solutions.
“By 2023, we’ll be well-positioned as a data-driven, one-stop solution for SMEs and will have our sights set on subsequent acquisitions,” said Rico Andersen, Co-founder and Group CEO. “Therefore, we will be investing our cash injection to continue growing our marketplace globally and acquiring businesses that eliminate the administrative burden of running a business, so owners can focus on growing and developing their businesses instead of maintenance.”
After being bootstrapped for five years, Ageras has been backed by ITP since 2017. ITP will continue as majority shareholders, supporting the company’s ambitions to grow towards a potential IPO. A part of the $35B AUM alternative asset manager Investcorp, ITP has led investments in other successful technology companies, such as Avira, Impero, Calligo, softgarden and Ubisense.
Read More: How the Trends of Today Affect Financial Institutions Tomorrow
