Bregal Milestone
9 Aug 2023
Epassi
1.5
MILLION
Employees
9
THOUSAND
Employers
35+
THOUSAND
Merchants
Epassi is a high-growth digital disruptor in the employee benefits and wellbeing sector.
Delivering a full-stack mobile payments solution to support effortless corporate benefits management.
Epassi is transforming the legacy, chaotic paper-based employee benefits landscape with its first-of-kind 100% digital, mobile-enabled administration solution.
Epassi has cemented itself as the market leader in account-to-account payments for digital employee benefits, and the numbers speak for themselves: over 1.5 million employees from 9,000 employers have access to their benefits through Epassi’s network of more than 35,000 merchants. When we met Epassi's founder Risto Virkkala back in 2018, we were struck by a visionary entrepreneur who saw the enormous potential for Epassi to become the undisputed category winner in employee benefits management.
In the short period since founding, Epassi had disrupted the market with a full-stack digital payments solution addressing the large and attractive employee benefits market. Since Bregal Milestone’s initial investment in 2019, Epassi has cemented its leadership position and undergone a period of accelerated growth, including give add-on acquisitions across Europe and expansion into Sweden, the UK, Ireland, and Italy.
"Bregal Milestone has been instrumental to our growth over the past several years and we believe that the timing of passing the ownership torch is ideal. With Bregal Milestone’s help, we have successfully expanded beyond the Nordics, and outside of our core business in the provision of employee benefits. We believe that with the scalable technology we have in place, we are sufficiently prepared to continue to scale into additional geographies and adjacent business areas in our next stage of growth."
Pekka Rantala
CEO - Epassi
In August 2023, Bregal Milestone announced the sale of Epassi to TA Associates and Warburg Pincus LLC.
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