Following the sale of its ERP division the Board of Directors (the "Board") of 24SevenOffice Group AB (the "Company") has unanimously proposed a name change to Done.ai Group AB, marking the start of an exciting new chapter for the business. Supported by the company's largest shareholders, this proposal will be presented for approval at the upcoming Annual General Meeting (AGM).
A New Chapter with Done.ai
The name Done.ai reflects the Company's strategic realignment and focus on AI-powered financial technologies. Following the successful sale of its ERP division to KKR, Done.ai is well-positioned to deliver innovative embedded financial solutions tailored to a rapidly evolving ERP market.
Pioneering Embedded Finance Solutions
Done.ai is poised to address the growing demand for seamless integration of financial services within ERP systems by offering cloud-based solutions such as deferred payments, credit facilities, spend management, and open banking. These services simplify cash flow management, automate financial processes, and enhance operational efficiency across industries. With legislative proposals from the European Commission, including PSD3, PSR, and FIDA, Done.ai is strategically positioned to capitalize on the evolving payments landscape. By aligning with these regulations, designed to modernize payment services, enhance security, and facilitate standardized financial data sharing through Open Banking, Done.ai provides future-proof, embedded financial services tailored to a rapidly transforming market.
Done.ai's vision is to become the go-to platform for businesses looking to streamline operations and manage key functions efficiently. Through partnerships with ERP systems and proprietary software for CRM, Payments, HRM, and MRP, Done.ai addresses the essential needs of businesses in one integrated ecosystem. This comprehensive ecosystem enables businesses to seamlessly manage production, customer engagement, and financial workflows, providing real-time insights, enhancing decision-making, and delivering substantial value.
A Competitive Edge in a Large Market Opportunity
There are currently no other end-to-end suppliers of embedded financing solutions for ERP systems, positioning Done.ai as the "Plug-n-Play" solution for SaaS providers. With comprehensive setup, licenses, and agreements, Done.ai delivers seamless integration for a broad range of businesses.
The embedded finance sector, valued at over $100 billion globally in 2024 and projected to grow at a CAGR of 16%+, presents a significant market opportunity. Done.ai is well-positioned to capitalize on this growth by leveraging proprietary technologies and a robust ecosystem. The company aims to redefine how businesses interact with financial services, delivering unmatched efficiency and convenience. Looking ahead, Done.ai plans to expand into additional European markets, with a strong focus on SMEs and mid-sized enterprises.
Solid Financial Position
Done.ai boasts a strong financial position, with 200 MSEK in cash reserves, mature proprietary software, and an experienced leadership team. These strengths will drive future growth and value creation for customers and shareholders alike.
Further updates on strategic initiatives will be shared progressively as the Company moves forward.
For further inquiries, please contact:
Ståle Risa,chairman of the board.
Tel: +47 247 00 000
Email: str@done.ai
About Done.ai
Previously known as 24SevenOffice, Done.ai builds on a legacy of innovation in ERP systems. With its new name, the Company is dedicated to providing AI-driven financial services that are fully integrated with ERP systems, empowering businesses to operate more efficiently and effectively.
Certified Adviser
The Certified Adviser to Done.ai on Nasdaq First North Growth Market is Partner Fondkommission.
Address: Lilla Nygatan 2, 411 09 Gothenburg
Tel: +46 (0)31-761 22 30
Website: partnerfk.com
