Scoro, a work-management software company founded in Tallinn and now headquartered in London, acquired Envoice, an Estonian startup that uses AI to automate supplier bills and expense claims. Both companies announced the deal on January 27, 2026.
The financial terms were not disclosed. Estonian law firm TRINITI, which advised Envoice's shareholders on the sale of Envoice OÜ, said it handled the process from letter of intent through to closing.
Envoice will keep running as a separate product and brand, with the same interface, features and support team. An integration that sends Envoice expense documents into Scoro and links them to projects and purchase orders is in closed beta, and the companies said more integration work would follow in the coming months.
What Envoice built
Envoice handles the paperwork side of company spending. Users forward PDF invoices by email or photograph receipts, and the software extracts the data automatically. Bills and expense claims then go through approval workflows before they are finalised and paid, and employees can submit reimbursable expenses through an app.
Envoice describes its goal as fully automating the handling of purchase invoices and expenses, reducing manual entry and errors and giving companies a live view of what they are spending. The startup is led by founder and chief executive Jaanus Põder.
Scoro described Envoice as a category leader in AI-powered bill and expense management. Approval routing matters as much as data capture: a bill is only useful to a project manager once someone has checked and signed it off, and Envoice's workflows are built around that step.
“Together, we ensure no cost goes unlogged.”
Why Scoro is buying
Scoro sells professional services automation software that agencies, consultancies and other service firms use for projects, resourcing, time tracking, billing and reporting. Its tools already track staff time against project budgets, but external costs such as supplier bills and travel receipts often live in separate accounting systems and reach the project only after month-end.
Scoro said owning Envoice lets it capture those external costs earlier and more accurately, so that margins can be tracked as work happens. Once the integration is complete, approved costs entered through Envoice should update the relevant project budget automatically.
The pitch is aimed at firms that bill clients by project. If a design agency buys stock photography or a consultant books travel for a client job, the cost would be tied to that project at the moment the receipt is captured. Project managers would see the effect on margin straight away rather than waiting for finance to reconcile the books.
Scoro founder and chief executive Fred Krieger said service businesses depend on their margins but often fail to account for external expenses in project tracking. Põder said Scoro was the right partner for Envoice's next stage and that the backing would let the team ship new features faster.
The founders and the funding
Krieger founded Scoro in Tallinn in 2013. The company raised a $1.9 million seed round in 2016, a $5 million Series A led by Livonia Partners in 2018 and a $16.4 million Series B led by Kennet Partners in 2021, according to its Wikipedia entry, which also lists offices in New York, Tallinn, Riga and Vilnius.
Envoice's own funding history, revenue and headcount were not reported in the announcements or in coverage of the deal.
TRINITI said its team, led by partner Siim Maripuu, worked on deal structuring, the timetable, negotiation of the transaction documents and coordination of the closing for Envoice's shareholders.
What happens to customers
Envoice told its customers that nothing about the product would change in day-to-day use, and that the extra resources from the Scoro group would go into product development and AI features. Scoro customers interested in the integration can register for the closed beta.
The deal is part of a broader push by work-management vendors to pull financial data closer to project data, so that firms can see whether a job is profitable while it is still running rather than after the books close.
