Skovik AB, headquartered in Stockholm, Sweden, is a privately held SaaS provider specializing in automated expense and travel reimbursement solutions. The platform streamlines receipt capture, mileage, per diem calculations, approval workflows, card reconciliation, and compliance across international regulations.
Founded in 2008–2013 (sources vary: Tracxn states 2011, PitchBook 2013, Crunchbase, and Latka suggest 2008), Skovik was co-founded by Alexander Sandström (CEO) and Fredrik Abrahamsson (aka Calissendorff).
Skovik has bootstrapped its growth without raising traditional venture capital. Crunchbase and Tracxn confirm “no funding rounds yet,” while Latka reports a $0 raise and a $1.5 M revenue run rate as of September 2025 with a 14-person team. PitchBook lists 20 employees as of 2023. Organic growth has been steady, serving over 1,000 clients across 50+ countries. Allabolag data shows ~294 K USD revenue and a 14.8% profit margin in 2024.
Skovik automates 80–95% of the expense workflow suite: receipt OCR, email forwarding, mobile app capture, per diem and mileage automation, VAT handling, card integrations, dynamic approval routing, CO₂ tracking, audit logging, and global compliance. G2 highlights include fast report completion, smart categorization, duplicate detection, regulatory compliance, and robust integrations. Third-party reviews confirm flexibility to add custom fields, rules, workflows, and open API support. Analytics features like time-tracking, project cost insights, and reporting make Skovik suitable for diverse business needs.
No evidence was found of Skovik making acquisitions. They use a staged feature rollout process—Experimental → Early Access → General Availability—allowing customers to opt-in before full release. Regulatory updates, such as mileage and tax rule changes, are versioned and can be managed for up to 12 months.
Skovik’s clear roadmap supports feature preview via documentation. Enterprise-grade features are promoted early and released post-validation. There are no major acquisitions, but continuous updates—such as CO₂ tracking, enhanced analytics, and browser-based tools—are regularly highlighted.
Skovik’s clear roadmap supports feature preview via documentation. Enterprise-grade features are promoted early and released post-validation. There are no major acquisitions, but continuous updates—such as CO₂ tracking, enhanced analytics, and browser-based tools—are regularly highlighted.
Skovik’s careers page emphasizes clever automation, machine learning, clean UI, and saving employees "tens of thousands of hours." They prioritize problem-solving, communication, and customer empathy. Also listed: offices in Stockholm and Hamburg (DE), and openness to open applications. While not rich in cultural policies, they evoke a “magic-like” seamless experience, aligning product and company ethos.
Skovik has over 1,000 customers in 50+ countries, processing millions of expenses annually.
