Fortnox (NGM: FNOX) is a SaaS- and cloud-based ERP software provider with specific focus on accounting and financial services. Despite its high valuation, I believe the company is fairly valued and offers a compelling investment case: Fortnox is developing a sticky one-stop-shop ecosystem that constitutes the backbone for many SMBs. The company enjoys typical industry tailwinds and is a market leader in Sweden (~26% MS), which it will focus on to strengthen even further in the upcoming years.
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Fortnox - An SMB's Best Friend
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Fortnox (NGM: FNOX) is a SaaS- and cloud-based ERP software provider with specific focus on accounting and financial services. Despite its high valuation, I believe the company is fairly valued and offers a compelling investment case: Fortnox is developing a sticky one-stop-shop ecosystem that constitutes the backbone for many SMBs. The company enjoys typical industry tailwinds and is a market leader in Sweden (~26% MS), which it will focus on to strengthen even further in the upcoming years.