Morning by Green Invoice

growth-positive

Morning, the company behind Green Invoice, was acquired by Italian fintech giant TeamSystem for $150 million. The acquisition marks a significant milestone for co-founder Lior Wilczynski, who overcame numerous personal challenges to build a successful company. Morning, which offers a user-friendly invoicing platform for freelancers, was developed without outside investors until 2021 when Fortissimo invested $20 million. The acquisition by TeamSystem will allow Morning to leverage new technologies and expand its offerings. Wilczynski and her co-founder Rami Gabai will remain in their roles as CEO and CTO, respectively. The acquisition highlights the potential for Israeli startups to succeed in local markets while maintaining profitability.

growth-positive

The Israeli fintech company Morning has been acquired by the Italian computing firm Teamsystem for an estimated $150 million. The major beneficiaries of this sale are the founders, Lior Wilchinsky and Rami Gabay, who will each receive $45 million and continue in their management roles, and the investment fund Fortissimo, which will see a 200% return on its $20 million investment made four years ago. Morning, known for its digital financial management system Green Invoice, serves around 150,000 clients in Israel, primarily small businesses. The company employs 100 people and has recently expanded its offerings to include digital management tools for accountants. The acquisition aligns with Teamsystems focus on providing management solutions for small and medium-sized businesses.

growth-positive

Israeli fintech company Morning, formerly known as Green Invoice, is a popular platform for managing businesses, serving over 130,000 active businesses, mostly small businesses. The company offers various digital tools that help businesses understand their operations better and simplify complex management actions. In addition to the business management system, Morning also offers content to the community including a magazine, guides, a podcast, and a user community. Two years ago, the fintech company raised $20 million. The company recently obtained a license for open banking and plans to connect with banks. The companys future plans include focusing on freelancers and micro-businesses, providing them with business support tools for growth, including financing and Banking as a Service.

growth-positive

Israeli private equity fund Fortissimo Capital is investing $20 million in Israeli fintech company Green Invoice. The investment will help accelerate the company’s growth plans, expand its product offering, and allow for further expansion in Israel and international markets. Green Invoice provides digital tools for freelancers and small and medium businesses. The company has not previously raised funds and has experienced revenue growth of over 30% per year. The investment will also support the recruitment of high-quality personnel.