Advise raises ISK 166 million to accelerate Nordic expansion
Advise completed a 166 million ISK funding round to support continued expansion across the Nordic market, following the opening of the company’s Stockholm office this spring. The investment reflects growing confidence in Advise’s long-term vision: building a modern platform for clearer, smarter financial decision-making.
As part of this next phase, Advise is expanding its presence in Sweden and Norway, bringing its financial reporting and business intelligence platform to more businesses across the region.
Advise also continues to invest in product development, including Roger, the platform’s built-in AI analyst. Roger helps business managers understand performance faster, explore financial data more naturally, and turn numbers into actionable insight.
By connecting directly with Nordic accounting and ERP systems such as DK, Regla, Visma, Tripletex, PowerOffice, and Fortnox, Advise gives businesses real-time visibility into financial performance, cash flow, and operational metrics without relying on spreadsheets or manual reporting.
"We have built a dominant position in Iceland in a very short time, where 10% of all companies with more than 10 employees already use our solution. The challenges facing managers in Oslo or Stockholm are identical to those in Reykjavík: the need for speed and clarity in decision-making. Our platform is now fully scaled and ready to serve the one million+ businesses operating on Nordic accounting systems."
"Advise has proven its product-market fit by becoming an essential tool for over 1,000 Icelandic executives. With this new capital, we are moving from proof-of-concept to aggressive regional scaling. I look forward to working closely with the management team to accelerate our footprint across the Nordics."