The Hague — Main Capital Partners (“Main”) today announced its partnership with Dutch invoicing software specialist WeFact. This strategic partnership was formed to jointly accelerate WeFact’s national and international growth. Under the leadership of the management team and supported by Main’s expertise in the international software market, WeFact will strengthen its market position and further develop its product portfolio to provide even greater value to its customers and partners.
WeFact was founded in 2005 and is based in Eersel, the Netherlands. The company is a modern SaaS provider of invoicing software that facilitates the sending of invoices, the creation of quotations and the processing of incoming invoices, so that customers have continuous insight and control over their administration. With a go-to-market strategy focused on product-driven growth, WeFact serves more than 10,000 customers in the Netherlands, Belgium and numerous other European countries. More than 750 accounting firms work as distribution partners for WeFact and recommend WeFact as the ideal online invoicing and management solution for entrepreneurs.
Growth acceleration
WeFact and Main will work closely together to accelerate both domestic and international growth. The growth strategy includes deepening and broadening the product offering, (inter)national sales by the internal team and by partners, and exploring opportunities for strategic acquisitions. The focus of this strategy is on accelerating organic growth, including the expansion of the partner network and increased internationalization. In addition, the organic growth strategy will be accelerated through selective strategic combinations with other market players.”
Roel Korting, CEO of WeFact, said, “We look forward to working with Main and building WeFact into a leading international company together. The combination of Main’s extensive knowledge and international experience with our technical and commercial expertise is an excellent fit. This puts us in an excellent position to realize our ambitious growth plans and the further professionalization of our company. In short, we are the same company, with the same people, the same core values, the same service and the same ambitions. However, now with the reinforcement of Main as our strategic partner.”
Jeroen Blox, Chief Technology Officer of WeFact, adds, “To grow and support WeFact, we need a strong and experienced partner that fits our unique WeFact culture. We have found this kind of partner in Main. The drive to develop the best product has remained unchanged for 18 years. With Main as our partner, we can ensure continuity for our customers while our performance-driven team focuses on capitalizing on new growth opportunities in the marketplace. This partnership will enable us to deepen and expand our product offering and further roll out WeFact internationally.”
Ivo van Deudekom (photo © Main Capital), Investment Director at Main Capital Partners, summarizes: “We have known the founders and the management team of WeFact for many years and are impressed by the way they have built the company in a sustainable and fast growing way. That’s why we’re excited to work with WeFact and support the company in its next phase. WeFact is a leading software provider in the billing and management software market with an extremely modern product. With WeFact, sole proprietors, small business owners and SMBs can be unburdened and gain more insight, control and efficiency for their organization. So we’re really looking forward to working together to make the customer base even bigger and more international.”
About WeFact
Founded in 2005 and based in Eersel (North Brabant, the Netherlands), WeFact has become a leading software developer for invoicing and administration. WeFact provides a powerful solution for sending invoices, creating quotes, and processing incoming invoices so business owners can get and stay in control of their administration. The company makes its platform available to more than 10,000 entrepreneurs in the Netherlands, Belgium and numerous other European companies. More than 750 accounting firms act as distributors for WeFact, recommending it as the ideal online invoicing and management solution for entrepreneurs. WeFact employs around 17 people. https://www.wefact.nl
About Main Capital Partners
Main Capital Partners is a leading software investor in Benelux, DACH and the Nordic countries. Main has nearly 20 years of experience strengthening software companies and works closely with the management teams of its portfolio companies as a strategic partner to realize sustainable growth and build excellent software groups. Main employs 60 people and has offices in The Hague, Stockholm, Düsseldorf, Antwerp and Boston (USA). As of October 2021, Main had over €2.2 billion in assets under management. Main has invested in more than 150 software companies to date. These companies have created jobs for about 9000 employees.