European fintech is often associated with payments, digital banking and lending, but another infrastructure market is growing quietly behind the scenes: transaction compliance.
As governments across Europe digitize tax reporting and tighten requirements around point-of-sale transactions, merchants and software providers increasingly need technology capable of adapting to different fiscal rules across multiple markets. Vienna-based fiskaly has built its business around that complexity, providing cloud-based software and APIs that help businesses keep transactions compliant as those requirements evolve.
Now, after growing 60% year over year while remaining profitable, fiskaly is changing its leadership structure to support its next stage of expansion. The company has appointed former orderbird CEO David Feichter as Co-CEO, joining founder Johannes Ferner at the top of the business as fiskaly looks to scale across Europe and remain active in acquisitions.
Splitting Leadership as fiskaly Scales
The move gives fiskaly two executives with clearly divided responsibilities rather than simply adding another senior title.
Feichter will take responsibility for operations and scaling the organization, while Ferner will focus more heavily on international partnerships, acquisitions and representing fiskaly externally. The structure is designed to allow the company to expand without concentrating the increasingly different demands of internal execution and external growth under a single CEO.
For fiskaly, the timing is significant. The company now has more than 150 employees, approximately 1,900 B2B customers and operations across eight European countries: Austria, Germany, Italy, Sweden, Spain, Portugal, France and Belgium. Its technology powers more than one million point-of-sale systems, giving the company an increasingly substantial footprint in European transaction infrastructure.
Feichter brings more than two decades of experience across fintech and point-of-sale technology in Europe and the United States. His background includes the high-growth period of Clover, while his connection to fiskaly stretches back to orderbird, which became fiskaly’s first customer.
That familiarity should give the leadership transition more continuity than bringing in an executive with no previous exposure to the business. Feichter enters the role with an understanding of both the market fiskaly serves and the operational challenges faced by the POS providers that integrate compliance technology into their products.
Turning Regulatory Complexity Into Infrastructure
fiskaly’s growth is closely connected to a problem that becomes more complicated as businesses expand across Europe.
Fiscalization rules are designed to make transactions secure and difficult to manipulate, but requirements vary between countries. For POS providers and merchants operating across several markets, compliance can therefore become an engineering and operational burden rather than a simple administrative task.
fiskaly addresses that problem through cloud-based fiscalization and transaction-compliance software. Its APIs can be integrated into POS systems to digitally sign transactions, secure receipts and meet country-specific reporting requirements without requiring providers to build separate compliance infrastructure from the ground up.
The company has been developing that model since it was founded in Vienna in 2019 by Johannes Ferner, Simon Tragatschnig and Patrick Gaubatz. Its earlier technology focused on cloud solutions for fiscalization, invoices, data archiving and electronic receipts, including certified technology for Germany’s fiscal compliance requirements.
The opportunity grows as fiskaly enters more markets because regulatory fragmentation can become a competitive advantage for infrastructure providers capable of absorbing that complexity into software. Instead of every merchant or POS company independently adapting its technology whenever it enters another country, a compliance platform can provide a common technical layer underneath those different requirements.
That makes fiskaly less of a traditional consumer-facing fintech and more of an infrastructure company operating behind other financial and commerce platforms.
European Expansion Is Also Becoming an M&A Story
Organic growth is only one part of fiskaly’s strategy.
The company was largely self-financed during its early development before European growth equity investor Verdane invested in the business in 2024. Since then, fiskaly has accelerated its expansion and used acquisitions to strengthen its presence in important European markets.
Those deals include Deutsche Fiskal GmbH, previously part of GK Software, and Swedish cloud fiscalization provider Infrasec Sweden AB. Together with expansion into additional countries, those acquisitions have helped fiskaly build a wider European transaction-compliance footprint.
The company says it intends to remain active in M&A, with Ferner taking greater responsibility for acquisitions and international partnerships under the new Co-CEO structure.
That is one of the more strategically important elements of the leadership change.
European transaction compliance is inherently local because regulation differs by jurisdiction. Acquiring companies that already understand individual markets can give fiskaly technology, customers and regulatory expertise more quickly than entering every country entirely from scratch.
At the same time, Feichter can concentrate on integrating that growth operationally and ensuring the organization can support a larger customer and product footprint.
From Austrian Fintech to European Compliance Platform
fiskaly’s 60% year-over-year growth gives the company momentum, but maintaining profitable expansion across multiple regulated markets will be harder than establishing an initial foothold.
Each new jurisdiction adds different regulatory requirements, customers and integrations. Acquisitions add another layer of complexity as teams and technologies have to be brought into a broader platform without disrupting existing customers.
That helps explain why the Co-CEO structure makes sense at this stage of fiskaly’s development. Feichter’s operational mandate and Ferner’s focus on partnerships, acquisitions and external expansion divide two responsibilities that become increasingly demanding as a fintech moves from regional scale-up to a multi-market infrastructure provider.
The appointment also says something about where fiskaly believes its larger opportunity lies.
Its ambition is no longer simply to provide fiscalization software in individual markets. The company is trying to establish a wider transaction-compliance layer that POS providers and merchants can use as they operate across Europe.
If fiskaly can continue consolidating different regulatory requirements behind a common cloud and API infrastructure, compliance itself becomes something that can scale alongside its customers.
For a company already powering more than one million POS systems, the next stage is therefore not simply about adding more merchants. It is about building enough geographic coverage, operational capacity and regulatory expertise to become a larger piece of Europe’s transaction infrastructure.
Bringing Feichter alongside Ferner gives fiskaly a leadership structure explicitly designed around that ambition — one executive focused on scaling what the company has already built, and another focused on where it goes next.