Fortissimo invests $20m in fintech co Green Invoice

Lior Wilczynski and Rami Gabai Credit: Sari Oz
Lior Wilczynski and Rami Gabai Credit: Sari Oz

Green Invoice provides freelancers as well as small and medium businesses with digital tools for management.

Israeli private equity fund Fortissimo Capital has announced that it is investing $20 million in Israeli fintech company Green Invoice. Sources estimate that Fortissimo will take a 30% stake in the company at a valuation of $67 million, post money. 

Green Invoice provides freelancers as well as small and medium businesses with digital tools for management. Packages are advertised on the company's website for between NIS 228 and NIS 996 per year, and customers can connect to third party services like Wix and PayPal.  

The investment will help accelerate the company’s growth plans including further expansion in Israel and entering international markets. The investment will also allow Green Invoice to expand its product offering, provide an all-in-one solution for freelancers and SMBs, and expand to larger businesses. The company said that the funding will allow them to continue to recruit high-quality personnel with a drive and passion for value creation.

Green Invoice is an Israeli SaaS company that has developed an entire ecosystem, based on advanced technologies, aiming to provide a solution for most needs and challenges of freelancers and small businesses. The company, which was founded 10 years ago by CEO Lior Wilczynski and CTO Rami Gabai, has not previously raised funds.

The company has developed a digital system that offers solutions for payments and collection, credit card clearance, eCommerce, documents production, analysis of expenses, and more. Since it was established, the company has grown revenue by more than 30% a year and has over 80,000 0 clients. The company has 50 employees in Israel, and is headquartered in the Azrieli Sarona Tower in Tel Aviv.

Fortissimo Capital founder and managing partner Yuval Cohen said, "We expect the community of freelancers and SMBs to grow substantially in the upcoming years. Most available technologies fail to provide this community with the right solution, one that is both effective and simple. We found Green Invoice to be an outstanding platform for innovative solutions in this field. The company has a strategic vision, leading products, strong reputation and a wide base of clients, and we intend to accelerate its growth by developing more innovative products and expanding to new target countries." Green Invoice founders Lior Wilczynski and Rami Gabai said, "We started Green Invoice out of a vision for creating an entire ecosystem for freelancers and small businesses in Israel, and this is what leads us through today. Green Invoice is not just a simple and intuitive digital solution, but a complete package that supports independent businesses and prevents them from feeling alone in their work, using a wide supportive community that we have created."

Published by Globes, Israel business news - en.globes.co.il - on February 22, 2021

© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Lior Wilczynski and Rami Gabai Credit: Sari Oz
Lior Wilczynski and Rami Gabai Credit: Sari Oz
Yitzhak Tshuva credit: Gidon Levy and Tali Bogdanovsky Isracard shareholders approve acquisition by Delek

For the deal to go through, approval is now needed from the Supervisor of Banks and the Israel Competition Authority.

Air Canada Photo: Shutterstock Air Canada to resume Israel flights in June

The Canadian airline will resume Toronto-Tel Aviv flights on June 8 and Montreal-Tel Aviv flights in August.

NICE CEO Scott Russell credit: SAP NICE Systems falls sharply on disappointing 2025 guidance

NICE sees $693-703 million revenue in the first quarter of 2025, up 6% from the corresponding quarter of 2024, with non-GAAP earnings per share of $2.78-2.88 - 3.8% below the analysts' consensus for revenue and 2.4% below for profit.

Tel Aviv credit: Shutterstock Urban renewal plan approved in heart of Tel Aviv

The plan for the Hahashmal neighborhood opposite the Old Central Bus Station includes a 30-floor tower.

Smartshooter credit: Smartshooter Germany buys Kibbutz Yagur's Smartshooter AI sights

The product family includes systems mounted on personal rifles, remotely controlled systems, and systems carried by vehicles, robots, and even drones.

Chinese ship in Suez Canal credit: Suez Canal Authority Direct shipping to Israel could resume soon

The first shipments of vehicles are likely to reach Israel via the Suez Canal in the coming months.

Sde Dov credit: Guy Yehieli Sde Dov land prices down over 40%

Four huge tenders for almost 4,000 homes, which have been successfully marketed in the north Tel Aviv district, reflect prices over 40% lower than in 2022.

Wix president Nir Zohar credit: Alan Tzatzkin Wix provides cautious 2025 guidance after strong 2024

The Israeli website building platform company reported its first-ever GAAP operating profit in 2024.

Saar Yoskovitz and Gal Shaul  / Photo: Augury Israeli industrial AI co Augury raises $75m

The new round represents an increase in valuation for Augury, which maintains its position as a ‘unicorn’ startup.

Eitan Yochananof and Eyal Ravid credit: Eyal Izhar and Tali Bogdanovsky Regulator indicts Victory, Yochananof CEOs over price fixing

The Israel Competition Authority today issued first indictments, following the food price fixing investigation.

Shekel credit: Shutterstock Vladirina 32 Shekel gains continue as Gaza talks progress

The shekel continues to trade at its strongest levels against the dollar since early 2023.

New York credit: Shutterstock Tel Aviv - New York fares stay high despite US airlines return

Ticket prices to the US will continue to cost at least $1,200 return, according to Ophir Tours, with most fares ranging between $1,500 and $2,000, or even more.

Greenfield Partners team credit: Eyal Toueg Greenfield Partners closes $400m third fund

The funds were raised from institutional investors in Israel, the US, Europe and Asia and brings the total funds under management to more than $1 billion.

Blockaid founders Ido Ben-Natan and Raz Niv credit: Liron Weissman Israeli onchain security co Blockaid raises $50m

Blockaid protects the largest companies building onchain, including Coinbase, Metamask, Stellar, Uniswap, and World App.

Air Haifa  credit: ATR Air Haifa to launch Paphos flights

New Israeli airline Air Haifa will launch a new route between Haifa and Paphos in Cyprus on April 3, 2025 with six weekly flights.

Bladeranger Deepsolar credit: PR Bladeranger divests Deepsolar to Painreform in strategic move

Deepsolar, acquired by Bladeranger in early 2023, is a sophisticated software solution designed to optimize the management of photovoltaic solar energy fields.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018