Helsingborg-based startup Inyett was founded in 2009 and has been rapidly growing in the Swedish and Norwegian markets. At the moment their innovative tool is used by over 240 Swedish municipalities, as well as within the private sector.

The startup provides a safer and more secure business environment by automating the checks on payments and suppliers, and warning of errors, risks and fraud in organisations’ payments. The offering resembles a recovery audit solution and becomes integrated in the customers’ Procure-to-Pay and Accounts Payable processes.

In the beginning of December, Inyeet signed off the majority of their sales to Visma, Europe’s leading provider of business software.

“We look forward to accelerating our growth and development being part of Visma while adding more value to our existing customers,” said John Andersson, CEO of Inyett.

The acquisition strengthens Visma’s position in the market and enables Inyett to offer additional products to both new and existing customers.

“We are very pleased to welcome Inyett to the Visma group. Their unique solution and competence complements our existing product offering perfectly, and together, we will be able to provide a wider range of products to both new and existing customers,” said Øystein Moan, CEO of Visma.