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Ageras raises EUR 82 million for new acquisitions

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‘The ones we eye reinforce our vision and goal 100%; to become market leader and then go public’

Danish-founded Ageras beats all expectations by raising EUR 82 million for new acquisitions in an oversubscribed private placement round. The round has seen participation by i.a. the Norwegian state pension fund Folketrygdfondet, American asset manager Lazard as well as Investcorp as lead on top of a 2023 in which the Danish fintech comet has become profitable.

COPENHAGEN, Denmark, May 24, 2024 /PRNewswire/ — Danish fintech Ageras, which provides accounting software to over 300,000 active European small businesses, has completed its sixth and largest investment round to date according to documents just filed with the Danish Business Authority. The round is a private placement totaling EUR 82 million and is oversubscribed with overwhelming commitments from both new and existing investors; to increase Ageras’ acquisition opportunities in an attractive European market. Amongst others, Investcorp, together with the two founders and other existing investors, has accounted for approximately 50% of the round in addition to new names such as the Norwegian state pension fund Folketrygdfondet and the American asset manager Lazard, says Ageras’ CEO, Rico Andersen, who confirms that negotiations are already underway with several potential acquisition targets:

“We want to make it easier to be a small business in an increasingly difficult administrative and regulatory landscape by offering a fully integrated platform where companies can manage their banking, accounting and tax in one financial cockpit,” says Rico Andersen.

“To deliver faster on that vision, M&A is an integral part of our strategy, where we have acquired technology and thus expanded our product faster than if we built everything from scratch. Currently, we see an attractive pipeline of potential acquisitions emerging, and the ones we eye reinforce our vision and goal 100%; to become market leader and then go public. Therefore, we have assembled a dream team of investors and are filling up the ‘war chest’ right now,” continues Rico Andersen, who reports that Ageras achieved positive EBITDA for the first time in 2023, ending the fiscal year with a record-high ARR (Annual Recurring Revenue, edt.) of EUR 41 million compared to EUR 27 million in 2022.

Has raised almost EUR 200 million

Ageras was founded in 2012 by then 19-year-old Rico Andersen and 20-year-old Martin Hegelund as Ageras.com, an online marketplace matching small businesses with accountants and bookkeepers, however, has today grown into a fintech company with approximately 250 employees and a comprehensive cloud-based software product. 

With the latest record-breaking investment round, Ageras has raised a total of almost EUR 200 million, and despite the company announcing towards the end of 2023 that it did not need to raise further funds, market conditions have made it favorable for the Danish fintech to continue its acquisition hunt; to offer even more features to the growing customer base in its four core markets i.e. Denmark, Germany, France and the Netherlands. Specifically, the ambition is to increase ARR to EUR 100 million after which an IPO can potentially be considered – and amongst the new investors there is full confidence that both can be achieved within a few years:

“We remain impressed with the growth and strategic development of Ageras since our first investment in 2017. Therefore, we are excited to lead this investment round which enables more accretive M&A to expand the product offering and gain market share,” says Gilbert Kamieniecky, Head of Private Equity Europe at Investcorp.

About Ageras

Ageras was founded in 2012 by serial entrepreneurs Rico Andersen and Martin Hegelund, who together have over 25 years of experience building internet businesses. Ageras’ vision is to create success for small businesses by simplifying their administration. By integrating its solutions into a single cockpit for invoicing, accounting, payroll, banking and finance, it enables business owners to focus on running their business. Ageras started as the online marketplace Ageras.com, matching SMEs with accountants, and has grown into a company with approximately 250 employees offering a complete ecosystem of tools and services for SMEs. The company’s investors include Investcorp, Rabo Frontier Ventures (Rabobank) and Lugard Road Capital (Luxor Capital), and now also Folketrygdfondet and Investering & Tryghed. For more information, please visit www.ageras.com.

The following parties have participated in the transaction:

Existing investors: Investcorp, Roosgruppen, Back in Black and the founders Rico Andersen Invest and Hegelund Equities

New investors: Folketrygdfondet, Lazard and Investering & Tryghed

Timeline – How Ageras has evolved over the past 12 years:

2012: Ageras is founded by Rico Andersen and Martin Hegelund.
2016: Ageras is named Børsen Gazelle as one of Denmark’s fastest growing companies and wins the EY award for Entrepreneur of the Year.
2017: Investcorp acquires the majority of Ageras  which also wins the Danish e-commerce award for Best B2B Company.
2019: Ageras acquires accounting software Billy.
2020: Rabobank makes a strategic investment in Ageras, achieving EUR 10 million in ARR the same year.
2021: Lugard Road Capital injects DKK 450 million into Ageras which later acquires the invoicing system Zervant and the payroll system Salary.
2022: Canadian CIBC invests EUR 35 million in Ageras which later acquires German neo-bank Kontist.
2023: Ageras becomes profitable for the first time in July 2023. 
2024: Ageras receives EUR 82 million in investment from its founders, Investcorp, Folketrygdfondet, Lazard, Roosgruppen, Back in Black and Investering & Tryghed.

For further information, please contact nic@rossen.com or telephone +45 20729972.
– Ageras A/S, 30/4724

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/rossen—company/r/ageras-raises-eur-82-million-for-new-acquisitions—the-ones-we-eye-reinforce-our-vision-and-goal-10,c3970297

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JA Solar Summit Highlights Shift Toward Solar-Storage Integration as Global Demand Holds Firm

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BEIJING, April 20, 2026 /PRNewswire/ — The 5th Global Solar and Energy Storage Summit 2026, hosted online by JA Solar, brought together over 20+ senior representatives from leading international organizations and industry players to share insights on the accelerating energy transition. The summit featured keynote speeches and panel discussions with influential voices from the IRENA, S&P Global, BloombergNEF, SolarPower Europe, TÜV NORD, as well as prominent utilities, developers, investors, and technology companies worldwide. With a global audience exceeding 20,000 participants from 30+ countries, the event highlighted the growing integration of solar and energy storage as central to a cleaner, smarter, and more resilient energy future.

Record-Breaking Renewable Deployment in 2025

IRENA’s Ilina Stefanova opened the summit by underscoring the scale and urgency of the global energy transition. “2025 marked a record year for renewable energy, with 692 GW of new capacity deployed globally, and solar contributing 75% of the total,” she said. However, she emphasized the need for stronger policy and investment frameworks to sustain this momentum and meet 2030 climate targets.

S&P Global’s Holly Hu followed with the latest market outlook, noting that global solar installations reached 617 GW in 2025, driven by robust activity in China, Europe, and North America. While she acknowledged potential growth moderation in 2026, Hu emphasized an industry shift from scale-dominated competition to smarter, more value-driven strategies.

Solar + Storage + X: The Future of Energy Solutions

Dr. Zi Ouyang, President of Product and Solution R&D Centre and CTO of JA Solar, delivered a keynote on how integrated solutions are shaping the next phase of clean energy deployment. He introduced “Solar + Storage + X” as the industry’s path forward, where combined technologies create new opportunities across utility-scale, commercial, and residential markets.

“The future of energy lies in integration,” said Dr. Ouyang. “Standalone solar PV systems are no longer sufficient to meet today’s increasingly complex demands. By integrating storage and advanced solutions, we can unlock significant value and provide the flexibility necessary for tomorrow’s global energy systems.” He also highlighted JA Solar’s expertise in enabling scenario-specific solutions, including AI-powered data centers, industrial parks, and remote microgrids.

Driving Value Creation Across Global Markets

Two panel discussions explored the changing dynamics of solar and storage integration.

The first, “Global Perspectives: New Value Drivers and Growth Opportunities,” discussed the industry’s pivot toward value-based development. Panelists emphasized how system efficiency, long-term performance, and financial optimization are replacing cost as priorities, with integrated solutions emerging as critical to capturing project value and market flexibility.

The second panel, “Energy Transformation Across Every Scenario: From Deserts to Cities,” explored the application of solar and storage in emerging sectors such as AI Data Centers (AIDC), mining, modern agriculture, and transportation infrastructure. Panelists highlighted innovations addressing diverse energy demands while tackling challenges like system resilience in extreme environments, from remote deserts to urban microgrids.

JA Solar’s Global Leadership in Integrated Energy Growth

The summit reflected the industry’s transition into a transformative phase defined by integration, intelligence, and scenario diversity. As the event organizer and a leading global innovator in solar technology, JA Solar reaffirmed its commitment to accelerating the adoption of high-performance, sustainable energy solutions.

“At JA Solar, we believe collaboration and innovation are fundamental to building a sustainable energy future,” said Dr. Zi Ouyang. “Through advanced technologies and strong partnerships, we aim to deliver scalable, resilient solutions that meet the evolving needs of customers worldwide.”

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SOURCE JA Solar Technology Co., Ltd.

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Ascentium Acquires Dezan Shira & Associates, Expanding its Footprint to 27 Markets and Strengthening Corporate Services Capabilities

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SINGAPORE, April 21, 2026 /PRNewswire/ — Ascentium, a leading global business services platform headquartered in Singapore, has completed its acquisition of Dezan Shira & Associates (“Dezan Shira”), a multi-disciplinary professional services firm with more than three decades of experience advising foreign investors across Asia.

This strategic move significantly expands Ascentium’s reach and capabilities across Asia, the United States, and Europe, enabling the group to guide businesses from pre-investment market assessment through long-term operations, while further deepening its advisory expertise for international businesses operating across these regions.

Expanding cross-border capabilities

With this acquisition, Ascentium now operates in 27 markets, including new locations such as Mongolia, Poland, Germany and Italy, thereby enhancing its ability to support clients with cross-border investments and multi-jurisdictional operations. The addition of Dezan Shira’s network complements Ascentium’s existing footprint in Southeast Asia, positioning the group as one of the most extensive on-the-ground advisory platforms supporting foreign investment in Asia.

This expansion further enables Ascentium to serve clients on the Chinese mainland more effectively, especially foreign investors seeking to enter or scale in this dynamic market.  Added to the established network of InCorp International, an Ascentium Company, the incorporation of Dezan Shira contributes three new offices in Suzhou, Tianjin, and Zhongshan, extending Ascentium’s presence across the Chinese mainland to 15 locations.

With a network spanning major commercial hubs including Beijing, Shanghai, Shenzhen, Guangzhou, and Tianjin, Ascentium delivers clear answers and hands-on support to help businesses navigate regulatory complexity and build a strong, compliant presence with confidence.

Deepening advisory and intelligence capabilities

Dezan Shira brings over three decades of experience advising foreign investors in Asia, with recognised strengths in regulatory analysis, business intelligence, investment structuring, tax advisory and technology-enabled solutions. These capabilities complement Ascentium’s established services in incorporation, multi-country HR and payroll, ESG and tax advisory, and fiduciary – creating an integrated platform that supports clients from market entry through long-term growth. 

Multinational enterprises, regional headquarters, and growth-oriented businesses will benefit from greater scale, deeper regulatory expertise, and a unified service platform designed to navigate complex cross-border business environments.

Asia Briefing: Business intelligence and market insights platform

The acquisition also brings Asia Briefing, Dezan Shira’s business intelligence and research arm, into Ascentium’s ecosystem. Through its Doing Business guides, digital publications, and daily regulatory analysis, Asia Briefing is the leading source for insights on market entry, compliance, regulatory developments, and business news across Asia.

The Asia Briefing platform strengthens the combined group’s ability to pair on-the-ground advisory services with timely, region-wide intelligence to support informed decision-making.

Alberto Vettoretti, Managing Partner of Dezan Shira & Associates, said, “Joining Ascentium marks an exciting new chapter for Dezan Shira & Associates. By combining our expertise with Ascentium’s global platform and execution capabilities, we can deliver even greater value to clients looking to expand and succeed in multiple markets.”

Lennard Yong, Founding Management and Group CEO of Ascentium, added, “This acquisition brings us closer to a fully connected advisory platform across Asia and beyond. With Ascentium’s execution strength and Dezan Shira’s market intelligence and regulatory expertise, we can guide businesses through every stage of expansion, from pre-investment assessment through sustained operations, whether they are entering one new market or scaling across multiple jurisdictions.”

About Ascentium

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, we drive extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence.

With over 2,600 professionals across 46 cities in 23 markets globally, we deliver integrated solutions in corporate services, finance and accounting, fund administration, human resources, and fiduciary and trust services. Serving more than 63,000 client entities across diverse industries, Ascentium combines specialised expertise with innovative, technology-enabled solutions to help clients navigate complexity and unlock new opportunities for sustainable growth.

For more information, visit: ascentium.com

About Dezan Shira & Associates

Founded in 1992, Dezan Shira & Associates is a professional services firm advising foreign investors and multinational enterprises entering and operating across Asia.

The firm provides business intelligence and market entry, corporate establishment and licensing, accounting, tax advisory, payroll and HR administration, internal audit and risk advisory, as well as technology-enabled financial software and ERP solutions.

With more than 300 professionals operating from 27 offices globally, Dezan Shira & Associates maintains one of the region’s most extensive integrated advisory platforms dedicated to foreign direct investment and cross-border operations.

 

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SOURCE Ascentium

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Thunes Launches Real-Time Payments into New Zealand

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Members of Thunes’ Direct Global Network can now send real-time payments to bank accounts in New Zealand, further strengthening the company’s presence in the Asia-Pacific region.

BANGKOK, April 21, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, today announced the expansion of its Direct Global Network with the launch of direct, real-time Pay-to-Bank services into New Zealand.

This expansion enhances Thunes’ cross-border payment capabilities in the Asia-Pacific region, providing Members of the Thunes Direct Global Network with faster and more transparent payment solutions for both consumer and business transactions. With this launch, users can easily transfer NZD directly to New Zealand bank accounts. Transactions can be made either through a direct API integration to Thunes or by leveraging existing Swift connectivity.

New Zealand is increasingly focused on upgrading its financial infrastructure to support real-time digital trade and the burgeoning gig economy. As the nation transitions to a next-generation payments ecosystem, real-time transactions are forecasted to grow at a CAGR of 21.3% through 2027.

Eugene Chua, Head of Network, APAC, at Thunes, said: “At Thunes, we’re dismantling the legacy friction that creates barriers to the global digital economy. Asia Pacific is where the Thunes story began, so we are especially pleased to be strengthening our reach in a high-growth market like New Zealand. Geography should never hinder ambition, and we are proud to be the engine driving financial connectivity, providing the infrastructure that supports and empowers businesses and individuals to benefit from international money movement and participate more fully in the global economy.”

With this expansion, Thunes reinforces its position as a leading provider of real-time cross-border payments. Its Direct Global Network leverages Thunes’ in-house SmartX Treasury System for AI-driven forecasting and real-time liquidity management, and its Fortress Compliance Platform, which benefits from over 50 licences worldwide. This ensures every payment is executed with the highest levels of security, compliance, and operational efficiency.

NOTES TO EDITORS:

Thunes will be attending Money20/20 Asia in Bangkok from April 21-23, 2026, located at booth 6005. Schedule a meeting here.

For more information about Thunes, visit: https://www.thunes.com/

Logo – https://mma.prnewswire.com/media/2831061/5891541/Thunes_Logo.jpg

 

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