The fast-growing fintech company Yabie AB (publ.) increased its net sales by 519 percent in the financial year 2021 compared to the previous year.
Total net sales amounted to SEK 33 million in 2021.
During the same period, the workforce doubled to 50 people. This is despite the fact that the figures are only based on nine months, as Yabie introduced a broken financial year in 2021.
“Overall, 2021 was a very strong year for Yabie in terms of both turnover, product development and having managed to recruit really sharp people to the company. We have a clear focus on growth with our long-term strategy to grow the company both organically as well as through acquisitions, which we see has yielded positive effects over the past year,” says Mathias Plank, founder and CEO of Yabie.
In 2021, Yabie acquired the two companies Kassa & Våg Syd via a cash-in deal and APE Företagsservice, which are now integrated into the company with several positive synergies. During the financial year, a merger of the previously acquired BRS Kassasystem and PC Kassasystem was also completed.
The workforce doubled in 2021 from 25 to 50 people and at the beginning of the year the company changed its name from the former Kaching to Yabie, a brand the company plans to reposition more clearly in the market in 2022.
In 2021, Yabie changed to a fractional financial year in order to better fit into a future listed environment both from a business and administrative perspective.
Since its launch in 2017, Yabie has invested heavily in developing the company and has raised a total of more than SEK 500 million, of which SEK 220 million was raised in a financing round in May 2021. Previous investors in the company include Creades, Swedbank, Brightly Ventures and NFT Ventures.
“We will now continue our growth journey, develop our offering and develop new products that help small business owners’ everyday lives and operations. In addition, we are preparing the company for an IPO in 2022 as a natural next step in our journey”, says Mathias Plank.