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Infoniqa

“Can a DACH-native HR + payroll + finance software house remain the trusted local alternative to global HCM giants for the SMB middle market?”

Founded1988
HQWels, Austria (Infoniqa Holding GmbH); Böblingen, Germany (Infoniqa Deutschland GmbH)
FoundersSiegfried Milly, Ernest Friedwagner
Total raised$4.5M (disclosed)
Latest roundunknown
IndustryHorizontal SaaS / HR & Payroll
The story

Founded 1988 in Austria as an HR-services boutique, Infoniqa spent the 2000s consolidating DACH payroll and HR software through acquisitions (including DCCS Informationstechnik / former Infoniqa Informationstechnik, Sawayo, perview, Run my Accounts). Today it operates as a DACH-focused HR + Finance + Payroll platform with ~1,200 employees across 26 locations, serving ~40,000 SMB customers with a mix of licensed software (Infoniqa ONE 200), cloud SaaS (Infoniqa HR), and BPO ('Run my Payroll', 'Finance Outsourcing'). Not a fintech — embedded finance surface area is narrow, limited to card acceptance on invoicing via a Payrexx add-on and Swiss E-Banking connectivity inside its accounting product.

Last 12 months
—
Product timeline
1988
Founded as 'Siegfried Milly und Ernest Friedwagner GesbR' to digitally support HR departments· founding
1999
Rebranded to Infoniqa; 28 employees, first investors· pivot
2004
Acquisition-led growth era begins under Alexander Zrost and Siegfried Milly; €3M revenue, 90 employees· acquisition
2006
Launched engage! — first holistic HCM system covering all HR areas· product
2023
Run my Payroll AGB published — full BPO payroll service offering· product
Acquisitions
DCCS Informationstechnik (formerly Infoniqa Informationstechnik)
German provider of payroll and business management software for SMEs; part of Infoniqa's DACH consolidation
Sawayo
German HR compliance / workflow software; now sold as 'Sawayo by Infoniqa'
perview
Hamburg-based HR software vendor absorbed into Infoniqa Deutschland
Run my Accounts
Swiss/German online accounting BPO — now Run my Accounts AG and Run my Accounts Deutschland GmbH
The stack
3 layers disclosed in Infoniqa’s embedded-finance stack
Payments / PSP
Payrexx
Payroll
in the full report
Accounting
in the full report
Accounting gap: none
6 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Infoniqa — frequently asked

Who is Infoniqa's payment processor?

Infoniqa processes payments through Payrexx.

Which payroll provider does Infoniqa use?

Infoniqa's payroll is powered by Infoniqa Payroll (in-house), Infoniqa Payroll 365 (in-house), NAPA3 (in-house) and Run my Payroll (in-house).

Which accounting software does Infoniqa integrate with?

Infoniqa integrates with Microsoft Dynamics 365 Business Central and Microsoft Office 365.

What is Infoniqa's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in Infoniqa's stack: Payments / PSP (Payrexx); Payroll (Infoniqa Payroll (in-house), Infoniqa Payroll 365 (in-house), NAPA3 (in-house) and Run my Payroll (in-house)); Accounting (Microsoft Dynamics 365 Business Central and Microsoft Office 365).

Who founded Infoniqa?

Infoniqa was founded by Siegfried Milly and Ernest Friedwagner and is founded in 1988, headquartered in Wels, Austria (Infoniqa Holding GmbH); Böblingen, Germany (Infoniqa Deutschland GmbH).

How much funding has Infoniqa raised?

Infoniqa has raised $4.5M (disclosed) in total (latest round: unknown).

What companies has Infoniqa acquired?

Infoniqa's acquisitions include DCCS Informationstechnik (formerly Infoniqa Informationstechnik), Sawayo, perview and Run my Accounts.

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