Bokio
“Can a free AI-driven bookkeeping app for Swedish micro-businesses become the financial OS (payments + cards + bookkeeping) for SMBs across Europe under Visma's umbrella?”
Founded2015
HQGothenburg, Sweden
Total raised~$8M+ disclosed
Latest roundBuyout/LBO (acquired by Visma)
IndustryVertical SaaS / Accounting
The story
Bokio launched in 2015 as free, AI-driven bookkeeping software for Swedish micro-businesses and sole traders. After merging with Red Flag in 2020 it expanded to a UK market and added payments and a business card service (Bokio AB). It is now an operating subsidiary of Visma, the Nordic SaaS group, and listed on Visma's Trust Centre — meaning its embedded finance stack is increasingly shaped by Visma's group infrastructure choices.
Product timeline
2015
Founded in Gothenburg as AI-driven accounting software for SMBs.· pivot
2020
Raised $8M and merged with Swedish competitor Red Flag, combining 80,000+ customers.· acquisition
2022
Launched business card service via Bokio AB (org. nr 559053-8426).· card
2024
Acquired by Visma (Norwegian SaaS group); operates as subsidiary.· acquisition
The stack
0 layers disclosed in Bokio’s embedded-finance stack
Accounting gap: none