Swedish Red Flag, an app for managing small businesses, has raised €1.6 million.

The startup offers digital accounting services that can be managed through a mobile app, including invoicing and the tracking of receipts, bills, taxes, and fees.

"What we are trying to do is remove the bad night's sleep and bookkeeping at the very many small business owners in Sweden. Now we are talking about the really small companies and individual entrepreneurs. We want them to be able to focus on running their business and let us manage the administration," said Mikael Pawlo, as reported by DiDigital.

Read more: DiDigital (Swedish)

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