The roll-up of Dutch payroll software company Employes marks Danish-founded Ageras‘ second acquisition this year and its “most significant since its 2024 takeover of French business banking platform Shine from Société Générale,” says Ageras’ CEO, signalling that change is “coming for the way small businesses across Europe pay their wages.”
Ageras, a software platform for accounting, admin, and banking for small businesses in Europe, has “acquired Dutch payroll software company Employes, marking its second acquisition in 2025 and its eighth to date.”
Ageras has enhanced its local presence “across other large European markets, for instance with the acquisition of Shine from Société Générale in 2024, and with the rollup of Employes, Ageras strengthens its position in the Netherlands by adding payroll software” to its growing offering for Dutch small businesses:
Founded in 2018 by Rob Kroezen and Marius van den Oever, Employes has reinvented payroll “for modern businesses in the Netherlands.”
With intuitive software designed for entrepreneurs, the platform “enables do-it-yourself payroll in the complex Dutch regulatory environment.”
Currently, Employes serves over “6,000 companies and is recommended or used by more than 300 bookkeeping firms who run payroll for small businesses.”
As per the employees’ Dutch founders, the move by Ageras is welcomed as the Amsterdam– and Zwolle-based team is looking forward to joining forces with the Danish-founded software company’s appx. 450 employees, a figure that doubled through 2024:”
Ageras has, since its inception in 2012, grown into a European software platform offering invoicing, accounting, banking, and payroll features to more than +400,000 small businesses.
Ageras recently posted its 2024 annual results, revealing an EBITDA of € 8.7 million, fueled by a 114% surge in revenue reaching € 55.5m.