Pagero develops a cloud-based, automated global communications network that enables business to send, receive and handle documents in the purchase-to-pay, order-to-cash, and logistics-to-pay processes, ensuring compliance with local regulatory and reporting requirements. The company is a global leader operating in a growing market supported by digitalization, ESG, and regulatory tailwinds. Pagero has customers in 140+ countries, low churn, more than 5m transactions per month, and a network that reaches 12m+ companies.
Pagero
Overview
Pagero at a glance
Key developments 2022
2022 was a strong year for Pagero. Organic ARR growth was 27% (vs 17% 2021), churn was <2%, and its customer base exceeded 80k businesses. Moreover, the partnership ecosystem continued to develop, with revenues from partners growing 93% YoY. Pagero continued to expand its global footprint as ever more countries introduce e-invoicing and reporting mandates.
Sector
SaaS, Compliance
Location
Sweden
SDG aligment
Revenue (EURm)
Change from '21-'22
2022
+0%
54
2021
40
2020
31
Environmental
Carbon intensity: Tons CO₂e per EUR m revenue
Total tons CO₂ emitted
Change from '21-'22
2022
+0%
3 001
2021
2 365
2020
791
Monetized climate impact
-EURm
The figure represents the monetized value the company has on the environment. See chapter 4 for methodology.
Social
Full time employees
Turnover14%
Unadjusted gender pay gap24%
Gender balance, % females
%
Board
%
Management
%
All employees
Monetized employment impact
EURm
The figure represents the monetized value the company has as a quality employer. See chapter 4 for methodology.
Governance
Via Summa Compliance
%
✔ Code of conduct
✔ Supplier code of conduct
✔ Economic Sanctions
✔ Competition Law/Antitrust
✔ Data Protection/IT Security
✔ Anti-curruption
✔ Whistleblower
How Pagero is advancing ESG
In 2021 and 2022, Summa and Pagero applied the Impact Weighted Accounts framework to Pagero's digitalization of business transactions across e-invoicing, purchase-to-pay, and order-to-cash processes. The analysis arrived at a total impact value of about SEK 1 bn in 2021. Hence, Pagero's potential positive impact was estimated to be about 240% of its recognized revenues for 2021. Read about the 2022 analysis and results in Chapter 4.
Pagero continues to invest in ESG and produces a sustainability report each year which outlines the company’s goals and progress. Moreover, Pagero allows its customers to better track their own externalities through the transactions made in the Pagero platform, effectively also allowing customer to advance their own ESG agenda.
What are the challenges Pagero addresses?
0%
of expected VAT revenue lost due to noncompliance across the EU 271, amounting to EUR 134 bn in 2019
0%
of companies in 2025 expected to be forced to only use e-invoices
How does Pagero help solve these challenges?
Reality today
Corporates struggle to meet compliance regulations due to a lack of a standardized process for business communications, leading to a widened VAT gap.
Pagero approach
Pagero automates business transactions between stakeholders to ensure compliance regulations are met across markets.
Aspirational future
Non-compliance and VAT loss is mitigated and efficiencies in transactions are realized, benefitting the government and the environment.
What impact does Pagero create?
Client accounts in Pagero network
Change from '21-'22
2022
+0%
86k
2021
79k
2020
50k
Trees saved
Change from '21-'22
2022
+0%
234
2021
194
2020
174
Number of markets
Change from '21-'22
2022
+0%
145
2021
140
2020
130
Who is impacted?
Civilians benefit as the VAT gap is diminished, generating more resources for governments. Emerging economies benefit disproportionately from expanded financial infrastructure. The planet benefits from minimizing the carbon footprint of financial transactions.
What are the impact considerations?
Additionality
Pagero enables corporate stakeholders to comply with regulations across markets and minimize the VAT gap.
Risks
Impact is less clear if Pagero primarily works in markets where the VAT gap is meaningfully more present.