When was Fennoa founded?

Fennoa was founded in 2013 and raised its 1st funding round 9 years after it was founded.

Where is Fennoa located?

Fennoa is headquartered in Helsinki, Finland.

Who is the current CEO of Fennoa?

Mikko Kalliovaara of Fennoa. They have also founded 1 company.

How many employees does Fennoa have?

As of Mar 31, 2026, the latest employee count at Fennoa is 96.

Is Fennoa a funded company?

Fennoa is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Oct 20, 2022.

When was the latest funding round of Fennoa?

Fennoa's latest funding was a $***** Seed round on Oct 20, 2022, with participation from 1 investor.

Where does Fennoa rank among its competitors?

Fennoa ranks 164th amongst 2757 active competitors, of which 197 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Fennoa?

Fennoa's top competitors include Intuit, Vyapar and Pennylane. Among them, Pennylane secured the most recent funding round in January, 2026.

Fennoa - 2026 Company Profile, Team, Funding & Competitors

Fennoa is a seed company based in Helsinki (Finland), founded in 2013 by Lasse Elfving and Mikko Kalliovaara. It operates as a Provider of financial management software for an accounting firm. Fennoa has raised an undisclosed amount in funding. The company has 2757 active competitors, including 197 funded and 163 that have exited. Its top competitors include companies like Intuit, Vyapar and Pennylane.

Company Details

Provider of financial management software for an accounting firm. It offers solutions such as expense invoices, accounting and reporting, and more.

Website: fennoa.com
Email ID: *****@fennoa.com
Phone Number: +358 **********

Key Metrics

Founded Year

2013

Location

Helsinki, Finland

Stage

Seed

Latest Funding Round

Seed, Oct 20, 2022, $*****

Investors

CapMan

Ranked

164^th among 2757 active competitors

Employee Count

96 as on Mar 31, 2026

Investment & Acquisitions

Avaa.io

Similar Companies

Intuit & 3457 more

View Fennoa's full profile

Fennoa has raised funding over 1 round. Its latest funding round was a Seed round on Oct 20, 2022 for $*****. 1 investor participated in its latest round. Fennoa has 1 institutional investor.

Here is the list of recent funding rounds of Fennoa:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 20, 2022	4769593	Seed	5673684	8642546	5442401	7182245

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View details of Fennoa's funding rounds and investors

The founders of Fennoa are Lasse Elfving and Mikko Kalliovaara.

Here are the details of Fennoa's key team members:

Lasse Elfving: Co-Founder, CTO, Chairman of Fennoa.
Mikko Kalliovaara: Co-Founder, Ceo of Fennoa.

View details of Fennoa's Founder profiles and Board Members

Fennoa's employee count trend

Fennoa has 96 employees as of Mar 26. Here is Fennoa's employee count trend over the years:

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Top competitors of Fennoa include Intuit, Vyapar and Pennylane. Here is the list of Top 10 competitors of Fennoa, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	TriplePoint Capital, Alcor Fund & 25 others	82/100
2nd	Vyapar 2017, Bengaluru (India), Series B	Provider of GST billing, inventory, and accounting software for small businesses	$35.9M	WestBridge Capital, India Quotient & 14 others	80/100
3rd	Pennylane 2020, Cherbourg en Cotentin (France), Series E	App & cloud-based accounting and financial management solutions for businesses	$442M	Sequoia Capital, DST Global & 8 others	78/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	76/100
5th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, TCV & 9 others	75/100
6th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 23 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	72/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of AI-based software for business management	-	Itz Cash Card, HHS & 45 others	72/100
9th	Digits 1995, San Francisco (United States), Acquired	SMS based customer authentication and verification service	$97.5M	Benchmark, SoftBank Vision Fund & 23 others	71/100
10th	Denim 2014, New York City (United States), Acquired	Provider of financial technology solutions for freight businesses	$67.9M	Anthemis Group, Techstars & 18 others	70/100
164th	Fennoa 2013, Helsinki (Finland), Seed	Provider of financial management software for an accounting firm	-	CapMan	39/100