ABN AMRO Participaties acquires interest in Lyanthe to facilitate European growth

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Lyanthe – a provider of digital and automated invoice processing services – currently has in excess of 80,000 end clients in the Netherlands and Belgium. It has plans to attract accounting firms and service providers in other European countries as well during the years ahead, benefitting from new European directives and the demand for automation and invoice processing in the public and corporate sectors.

Lyanthe provides digital invoice processing for the corporate sector, and has developed proprietary software that takes data from both hardcopy and digital invoices (PDFs, JPEGs and TIFFs) and converts it into an electronic format: the electronic invoice (e-invoice). The software automatically recognises invoice data, which is then verified and if necessary completed manually to ensure 100% accuracy in the recognition and processing steps. Lyanthe’s software interfaces with accounting software, including Exact, Sage, Venice and Kluwer.  

Capital for Dutch companies with growth potential

ABN AMRO Participaties supplies capital and financial expertise to medium-sized Dutch companies that offer growth potential. Friso Janmaat of ABN AMRO Participaties explains, "Lyanthe is an excellent example of a successful Dutch company with potential for organic growth. We're excited about working together during the years ahead to realise its growth plans."

Combined capacity

Lyanthe co-founder and CEO Lei Heijthuijzen adds, "ABN AMRO Participaties is a very active and highly engaged investor with a great deal of experience dealing with businesses and entrepreneurs. Together we have the capacity to achieve our growth ambitions. We'll use the growth financing to develop new technologies for accounting without any human involvement, for example." 

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