M&A Deal Summary

Bokio AB Acquires Red Flag AB

On April 22, 2020, Bokio AB acquired financial services company Red Flag AB

Acquisition Highlights
  • This is Bokio AB’s 1st transaction in the Financial Services sector.
  • This is Bokio AB’s 1st transaction in Sweden.

M&A Deal Summary

Date 2020-04-22
Target Red Flag AB
Sector Financial Services
Buyer(s) Bokio AB
Deal Type Add-on Acquisition

Target

Red Flag AB

Stockholm, Sweden
Red Flag AB is a provider of an administrative overall solution for modern entrepreneurs. With the help of an app or through the web clients can now manage everything from starting a company, accounting, to invoicing, and everything in between. Red Flag was founded in 2016 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Bokio AB

Göteborg, Sweden

Category Company
Founded 2015
Sector Software
DESCRIPTION

Bokio AB creates an innovative and free accounting service to free up time for entrepreneurs who want to focus on their business and avoid having to spend unnecessary time on accounting. The company's service also simplifies invoice handling, salary, follow-up of expenses, and more. An all-in-one solution that helps businesses manage the often complicated financial aspects of running their own. Bokio was formed in 2015 and is based in Göteborg, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2020 M&A 1 of 1