Top 10 Retail Technology Companies in Finland by Revenue

Finland has quietly built one of Europe’s strongest retail technology ecosystems.

Not based on hype. Not driven by early-stage experimentation. Built around enterprise platforms that run real grocery operations, manage national supply chains, optimise pricing, and power omnichannel retail at scale.

For supermarket groups and FMCG suppliers, Finnish vendors are increasingly part of core infrastructure. From forecasting engines and POS systems to fulfilment platforms and automation layers, these companies now support daily retail operations across dozens of countries.

This ranking focuses on enterprise-scale companies only.

Early-stage startups with no meaningful revenue have been excluded. The list prioritises commercial maturity, grocery relevance, and international deployment — not marketing noise.

Why Top 10

Finland has enough large, operational retail technology vendors to justify a top ten ranking.

Unlike many smaller markets, Finland hosts:

• Enterprise planning software providers
• POS and commerce system specialists
• Retail automation and logistics platforms
• Data-driven merchandising and optimisation vendors

Buyers are no longer searching for “innovative retail tech ideas”.

They are searching for vendors with proven scale. Revenue matters. Employee capacity matters. Deployment history matters. Stability matters.

This ranking reflects that reality.

How the ranking works

Companies are ranked primarily by revenue scale, supported by:

• Employee headcount
• International office footprint
• Global deployment reach
• Retail and FMCG relevance
• Operational maturity

Two clarifications applied across the list:

Tietoevry’s €1.8 billion-plus revenue includes banking and healthcare operations. Only part is retail-related. However, even that retail portion remains larger than most Finnish vendors’ entire business.

Smartly and Nosto do not publish official revenue. Industry benchmarks place Smartly around $160–170 million, which keeps it inside Finland’s top retail technology tier by scale.

Ranking overview

1) Tietoevry — Enterprise retail infrastructure provider

Tietoevry is Finland’s largest technology company and the backbone of many Nordic retail IT systems.

Founded in 1968, the company generates more than €1.8 billion in annual revenue across its continuing operations. While this includes non-retail sectors, Tietoevry’s retail and commerce services remain larger than most Finnish retail technology companies combined.

For grocery and FMCG retailers, Tietoevry typically delivers:

• Core retail IT platforms
• ERP and data integration
• POS system modernisation
• Cloud infrastructure
• Managed retail services

Large supermarket groups rely on Tietoevry for long-term system stability rather than experimental innovation.

Recent strategy has focused on portfolio simplification, margin improvement, and higher-value digital services — all aligned with retailer demand for fewer vendors and stronger delivery capability.

2) RELEX Solutions — Grocery planning and optimisation leader

RELEX is Finland’s most globally recognised retail software company.

Founded in 2005, the company now generates more than €290 million in annual revenue and employs over 2,000 people. Its platform operates in more than 60 countries and supports some of the world’s largest grocery retailers.

RELEX’s core solutions include:

• Demand forecasting
• Replenishment automation
• Fresh food optimisation
• Promotion and pricing analytics
• Supply chain planning

For supermarkets under inflation pressure and sustainability targets, these tools directly influence margin performance.

Recent growth has been driven by subscription revenue, North American expansion, and deeper AI integration into forecasting and planning workflows.

3) Wolt — Commerce execution and fulfilment platform

Wolt represents a different type of retail technology.

Founded in Helsinki in 2014 and later integrated into DoorDash, Wolt has become a full commerce execution platform that connects:

• Consumer ordering apps
• Merchant management systems
• Urban delivery infrastructure
• Grocery fulfilment operations

For retailers, Wolt provides ready-made ecommerce infrastructure without building their own logistics networks.

This shift reflects one of the most important retail technology trends of 2026: commerce software and logistics infrastructure are becoming one integrated system.

Wolt’s expansion across European grocery partnerships demonstrates how delivery platforms are now part of core retail operations.

4) Smartly.io — Retail performance marketing engine

Smartly is Finland’s largest marketing technology export.

Founded in 2013, Smartly does not disclose official revenue figures. However, industry benchmarks consistently place annual revenue around $160–170 million, positioning the company among Finland’s top retail technology vendors by scale.

Retailers and FMCG brands use Smartly to manage:

• Creative automation
• Multi-channel advertising campaigns
• Performance optimisation
• Ecommerce growth strategy

As digital sales channels expand, marketing platforms have become operational revenue drivers rather than branding tools.

Recent development has focused on AI-driven creative optimisation and deeper commerce analytics integration.

5) Solteq — Retail systems implementation specialist

Solteq has operated in Finnish retail IT since 1982.

With revenue exceeding €48 million, Solteq focuses on practical retail system delivery rather than global SaaS platforms.

Core retail services include:

• Commerce platform development
• POS system projects
• Backend integration
• Omnichannel infrastructure upgrades

Solteq is often selected by Nordic grocery chains seeking strong local implementation capability combined with enterprise delivery standards.

Recent company updates reflected margin optimisation and portfolio restructuring, common across mid-sized retail IT providers in 2026.

6) Vincit — Digital commerce delivery partner

Vincit operates as a digital transformation and commerce delivery partner rather than a packaged software vendor.

Founded in 2007, Vincit’s trailing twelve-month revenue has fluctuated between €72 million and €85 million, depending on project cycles and reporting periods.

Retail clients use Vincit for:

• Ecommerce platform builds
• Mobile commerce development
• Customer experience systems
• Backend architecture modernisation

Recent strategy has prioritised profitability, international project delivery and higher-margin digital services.

7) Nosto — Ecommerce personalisation platform

Nosto was founded in Helsinki in 2013 and now serves more than 1,500 brands across over 100 countries.

While revenue is private, Nosto’s global customer footprint places it among Finland’s most widely deployed ecommerce platforms.

Retailers use Nosto for:

• Product discovery
• Personalised merchandising
• Recommendation engines
• Conversion optimisation

Recent development has focused on AI-driven personalisation and real-time merchandising technology.

8) HappyOrNot — Physical retail experience analytics

HappyOrNot was founded in 2009 and operates one of the world’s largest in-store feedback networks.

The platform serves over 4,000 brands across more than 135 countries.

Grocery retailers use HappyOrNot to monitor:

• Checkout experience
• Service quality
• Queue management
• Store satisfaction levels

Recent updates have expanded enterprise analytics dashboards and multi-location performance tracking tools.

9) Nordic ID — RFID retail automation specialist

Nordic ID focuses on RFID technology used for inventory tracking and automation.

Retail and FMCG clients use Nordic ID systems to improve:

• Stock accuracy
• Warehouse automation
• Loss prevention
• Supply chain traceability

As grocery logistics becomes more automated, RFID adoption continues to grow.

10) Frosmo — Retail experience optimisation platform

Founded in 2008, Frosmo provides website personalisation and experience optimisation software.

Retailers use the platform to:

• Deliver personalised shopping journeys
• Optimise conversion performance
• Improve user engagement

Although smaller than enterprise vendors, Frosmo remains a stable SaaS player within Finland’s retail technology landscape.

What this means for retail buyers

The Finnish retail technology market in 2026 is no longer experimental.

Three patterns are clear:

• Enterprise stability now dominates procurement: Retailers are prioritising financially stable vendors with proven delivery capacity.
• Operational platforms attract most investment: Planning, replenishment and fulfilment technology receives more budget than experimental consumer apps.
• Retail software is merging with logistics: Commerce execution platforms now control both ordering and fulfilment layers.

For grocery retailers and FMCG suppliers, this creates a more predictable vendor landscape built around performance, reliability and operational impact.

Final perspective

Here is the same section converted into a single natural paragraph with smooth newsroom flow:

Finland’s retail technology sector has moved beyond regional relevance and now powers grocery operations, FMCG distribution and ecommerce fulfilment across global markets. From enterprise planning engines to last-mile commerce infrastructure, Finnish platforms operate at the centre of modern retail. For retailers and suppliers, the advantage is clear: these companies are not selling concepts — they are selling systems that already run at scale.

Conclusion

Editor’s Note: Some companies in this ranking are privately held and do not publish revenue data. Where needed, deployment scale, customer footprint and industry benchmarks were used instead of speculative financial estimates.