Fiken

Norway · www.fiken.no · 43 vendors

Fiken AS is an online accounting software and service provider tailored for small and medium-sized enterprises (SMEs) and freelancers. The platform simplifies financial management tasks such as invoicing, expense tracking, tax reporting, and payroll. It also offers integrations with various banking and payment systems to streamline bookkeeping processes.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 43 sub-vendors.

Insights

Last updated 2026-07-30 · revision 10

43 direct vendors, 418 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 5/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Fiken exhibits medium migration readiness, with strong technical foundations but significant regulatory and integration challenges. Strengths include a modern tech stack (Next.js, OpenAPI/REST, Vercel, AI/ML), suggesting a cloud-native or cloud-ready architecture that provides a good technical foundation for adopting new cloud environments. However, the primary challenges stem from the complex regulatory environment and data residency requirements. GDPR and the Norwegian Personal Data Act mandate strict data protection within the EEA, and the Norwegian Accounting Act imposes specific standards, all requiring careful consideration during migration to ensure continuous compliance. The "Assessment Required" status for several key regulations (GDPR, NIS2, SOC2, ISO 27001) highlights the need for thorough compliance planning. Additionally, managing 73 external services implies numerous integration points, which can complicate migration efforts and introduce potential vendor lock-in risks. The unknown financial stability also adds uncertainty regarding the funding and resources available for a large-scale migration project.

Compliance

7 in-scope frameworks identified; showing 3.

Norwegian Accounting Act — Assessment Required

As a Norwegian company providing accounting software that helps businesses comply with Norwegian accounting requirements, Fiken must ensure their software meets Norwegian Accounting Act standards. Non-compliance could result in regulatory action and loss of business license. High risk due to core business dependency on regulatory compliance.

ISO 27001 (source) — Assessment Required

ISO 27001 certification would be valuable for a financial software provider like Fiken to demonstrate information security management systems. While not legally mandatory, it's important for customer trust and may be required by larger enterprise customers or for certain integrations with financial institutions.

NIS2 (source) — Assessment Required

NIS2 may apply to Fiken as a digital service provider if they meet size thresholds (50+ employees or €10M+ turnover) and provide essential digital services. As a cloud-based accounting platform serving 125,000+ businesses, they could qualify as an Important Entity under digital providers category. Risk is medium as enforcement is still developing and penalties vary by member state implementation.

Financials

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