July 31, 2019

Fitek launches European e-invoice portal InvoiceGate.com

Fitek has launched a European e-invoice portal InvoiceGate.com, enabling small- and medium-sized enterprises to send and receive e-invoices simply and transparently. E-invoice portal is a technologically advanced platform with a modern appearance. The platform enables the user to send and receive e-invoices locally and throughout the European network PEPPOL. InvoiceGate.com launch started with localized e-invoice portal arved.ee launch in Estonia in June 2019.

Mait Sooaru, Fitek Group’s Director, said: “We make sending and receiving e-invoices simple for every business. We are starting in Estonia and then moving to other Baltic states, and then to Northern and Central Europe. Our goal is to cover most of Europe within a year and strengthen InvoiceGate.com awareness.”

The development of this innovative environment is extensive and targeted at a wide range of consumers across Europe. The project was also recognised by the European Union and received a prestige Connecting Europe Facility (CEF) grant, a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment. Fitek’s application has been the only successful project of its type.

CEF

CEF finances projects which create new connections in Europe’s energy, transport, and digital networks. Its goal is to make the European economy more environmentally friendly through different sustainable modes of transport, fast broadband connections and support for renewable energy in compliance with the Europe 2020 strategy.

Fitek Group

Fitek Group is a finance technology solutions company that operates in Estonia, Latvia, Lithuania, the UK, Slovakia, Serbia, and Bosnia and Herzegovina. Fitek Group is part of the Belgian enterprise Unified Post. Fitek Group employs 280 people and its 2018 turnover was 21.5 million euros.

1 July marks one year since the state of Estonia started accepting only e-invoices. This move made the state a pioneer in the transition to modern settlement solutions in Estonia; in one year, state agencies have received 370,000 e-invoices from their cooperation partners. Financial technology company Fitek, the operator of e-invoices for state agencies, estimates that the share of e-invoices received by the public sector has more than tripled, reaching 98%.

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Fitek, part of Europe’s leading financial technology company Unifiedpost Group, is to start cooperation with SEB Bank integrating e-invoice sending platform for SEB business clients. Initially, functionality will be launched in Estonia.

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Financial technology company Fitek together with its parent company Unifiedpost is developing the Invoice Gate service www.invoicegate.com. The e-invoicing solution was recently launched in Latvia and Lithuania, and 8 more countries will be added in July. In Estonia, the e-invoicing solution arved.ee aimed at small and medium-sized enterprises has been in use for a year, and almost 13,000 companies have joined it. Almost 90% of the invoices sent are e-invoices.

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