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Visma to replace Aprila as spot factoring vendor in Q2 2021

Kjetil S. Barli

Visma to replace Aprila as spot factoring vendor in Visma-owned online accounting systems in Q2 2021

Issued on NOTC.no 2020-10-07 08:35:23

Aprila has been notified that Visma intends to replace Aprila’s spot factoring products in Tripletex and Visma eAccounting with its own solutions. This is expected to take place during Q2 2021.

Aprila will continue its close partnership with Visma as an API banking partner, delivering innovative financial solutions to Visma’s small and medium sized business customers.

"We are very satisfied with our partnership with Aprila, and, although we now intend to replace Aprila as the vendor of spot factoring in our online accounting systems, Aprila will remain as our API banking partner,” says Eivind Gundersen, Division Director in Visma Commerce Solutions.

Spot factoring delivered to customers of Visma currently represents ~30% of Aprila’s gross loans. Spot factoring from customers of all Visma-owned accounting systems was expected to represent 25% of Aprila’s total income in 2021 and 15% of Aprila’s total income in the period 2021-2024.

“We appreciate that Visma has informed us about their plans several months ahead of their planned launch of Visma’s own products. This way, Aprila will, with a high degree of probability, have sufficient time to replace the lost income with new products and distribution partners. We have a long list of new endeavors that we could undertake, and we have shortlisted a very promising set of initiatives. Hence, I am confident that we will continue to deliver on the business plan,” says Halvor Lande, CEO of Aprila.

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Contact person at Aprila Bank ASA:
Halvor Lande, CEO
+47 924 32 305
halvor.lande@aprila.no

=== About Aprila Bank ASA ===
Aprila is a product- and technology company offering innovative financial solutions to small and medium sized businesses and retail customers. Aprila’s API-based technology platform is connected to around 130,000 SMEs through partnership agreements with leading cloud-based ERP and accounting system providers.