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Pagero

Can a global e-invoicing and tax compliance network become the backbone of B2B financial document exchange and embedded supplier financing for enterprises worldwide?

HQGothenburg, Sweden
Total raisedSEK 750M (Notes, 2022)
Latest roundSenior secured floating rate notes, SEK 750M
IndustryVertical SaaS / E-invoicing & Tax Compliance
The story

Pagero was founded as a cloud-based global business network specialising in e-invoicing, order-to-cash, and purchase-to-pay automation. The company expanded aggressively through acquisitions — including Tungsten Corporation and Gosocket — to build global coverage across tax-mandated e-invoicing jurisdictions. It was ultimately acquired by Thomson Reuters and rebranded as ONESOURCE Pagero, positioning the platform as a compliance-grade B2B document exchange and tax reporting network embedded within Thomson Reuters' broader tax and accounting suite. The embedded finance angle is limited but present: Pagero partnered with Previse to offer early payment financing to suppliers on its network.

Last 12 months
2023
Product timeline
2022
Pagero issued SEK 750M senior secured floating rate notes to finance its proposed acquisition of Tungsten Corporation Plc.· acquisition
2023
Pagero acquired by Thomson Reuters and transitioned to operate under the Thomson Reuters / ONESOURCE Pagero brand.· acquisition
2023
Pagero partnered with Previse to embed InstantPay early payment technology into its platform.· lending
The stack
Lending
InstantPay early payment / supply chain finance
Accounting gap: none