London’s Inflexion acquires Helsinki-based SaaS startup Nomentia: Know more

London-based Inflexion, a mid-market private equity firm, announced on Wednesday that it has acquired a majority stake in Nomentia, a European treasury and cash management software provider, from current investors PSG Equity and Verdane.

The company says the investment is made from Inflexion Buyout Fund VI, but didn’t disclose the financial aspect of the acquisition.

The transaction is subject to regulatory approvals.

Inflexion aims to continue its growth across Europe both organically and through further acquisitions.

The investment is the fourth for Inflexion in the Nordics following its investment into EcoOnline earlier this year, the take-private of Infront in 2021, and the acquisition of Nordic Trustee by Inflexion portfolio company Ocorian that same year.

Nomentia: Cloud-first software provider

Based out of Helsinki, Nomentia is a modular, cloud-first software provider that offers a portfolio of solutions to the cash and treasury management segment around bank connectivity, payments, cash visibility and forecasting, trade finance, and risk and reporting.

Nomentis works with over 1,400 blue-chip customers across industries and geographies in Europe. The company currently processes more than €1.2T of payments through its bank connections annually.

Jukka Sallinen, CEO of Nomentia, says, “Nomentia has gone through an incredible journey under PSG and Verdane’s ownership. We’ve established Nomentia as one of the leading players in the European treasury and cash Management space.” 

“Going forward, Nomentia plans to be even better at serving customers in its current markets and new ones by bringing new and innovative features to a growing client base. Management is very excited to partner with Inflexion to accelerate the company’s growth further,” adds Sallinen.

Inflexion: Mid-market private equity firm

Inflexion is a mid-market private equity firm, investing in high-growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. 

Inflexion helps businesses achieve the next stage of growth through international expansion, mergers & acquisitions, digital enhancement, commercial strategy, talent management, and access to Inflexion’s global networks.

Flor Kassai, Partner and Head of Buyout Fund, Inflexion says, “Nomentia is a market-leading SaaS business benefitting from a best-in-class offering for its clients. Now is the right time for the business to accelerate its growth across Europe whilst continuing to maintain its high level of customer service. We look forward to supporting Jukka and the team as Nomentia further penetrates the European market both organically and through acquisitions.”