Grey has advised the owners in connection with the sale of the shares in Billecta AB to Savelend Credit Group AB (publ).

Billecta founded in 2014 provides a system solution that automates the entire invoice flow – from creation of invoice to reconciliation of incoming payments and accounting, including any requirement management and financing. The company processes a volume invoice of SEK 6 billion annually.

Savelend provides a marketplace for money trading and is a peer-to-peer intermediary which sells loans from lenders.