CORVEL advised Visma on an investment in pathway solutions gmbh ("pathway solutions").
pathway solutions was founded in 2018 in Hamburg by Ludwig Eisenblätter and Marco Feelisch. The company offers a user-friendly cloud solution for eCommerce- and SaaS-companies that automatically matches transactions and invoices with payments and then exports them to the preferred accounting system.
pathway solutions creates value for entrepreneurs by automating their mission-critical processes and strengthening their financial control. pathway solutions is already positioned as a leading solution for Shopify and Stripe accounting automation in Germany, which is the biggest market for eCommerce in Europe.
Visma aims at learning more about applying local tax rules to the global eCommerce market, with tax advisers as important partners for Visma’s software now having closer ties to German tax advisors through this investment.
pathway solutions marks Visma's third investment in Germany, following the acquisition of H&H (ERP solutions for municipalities) and BuchhaltungsButler (cloud accounting) in 2023; all of which have been advised by CORVEL.
Visma is Europe’s leading provider of mission-critical cloud software with revenue of € 2.4 billion in 2023, more than 15,000 employees and 1.9 million customers across Europe and Latin America. Visma was founded in Oslo, Norway in 1996.
Advisors Visma
CORVEL (Hamburg): Dr. Felix Brammer (lead), Tobias Brandenburg (all corporate)
Hamburg, 3 September 2024