Epassi Group, a European leader in digital employee benefits technology, announced that Nickyl Raithatha will join as Chief Executive Officer. Nickyl will assume the role in 2026. Pekka Rantala, who has served as CEO since September 2019, will remain on the Board as Non-Executive Chair.
Over the past six years, Epassi Group has evolved from a Nordic success story into one of Europe’s leading SaaS employee benefits and wellbeing platforms. The company has expanded both its geographic footprint as well as its product portfolio, driven by a powerful combination of strong organic growth and strategic acquisitions, with backing from TA Associates and Warburg Pincus. Today it has a presence in ten countries and a team of 1,000 people. With net revenue expected to exceed €200 million in 2025, Epassi is redefining employee engagement across Europe – combining SaaS technology and expertise with a comprehensive, one-stop portfolio of benefits and wellbeing solutions designed to support happier, healthier workplaces.
Nickyl Raithatha is an experienced technology leader with a strong track record of building and scaling digital-first businesses that harness powerful network effects across B2C, B2B, and marketplace ecosystems. He is currently serving as Chief Executive Officer of Moonpig Group, where he has overseen a period of substantial growth and expansion into new markets. During his tenure, the company quadrupled revenues to £350 million and increased EBITDA fivefold to £97 million, while extending its footprint from a UK-focused business to a global operation across five countries through both organic growth and strategic acquisitions. He also led the company’s successful £1.4 billion IPO on the London Stock Exchange and developed the talent and technology platform required to scale the business effectively.
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Pekka Rantala, outgoing CEO of Epassi, said, “When I joined Epassi in 2019, we were a team of 68 people with €8 million in revenue, operating in Finland and Sweden. Today, we serve customers in ten European countries, with 67% of our revenue generated outside the Nordics, and have expanded our product portfolio. After more than six incredibly rewarding years, I’ve decided to transition from full-time operational roles and focus on non-operational and board activities. I am very excited and committed to continue serving Epassi from the Board.”
“It has been a true privilege to lead Epassi and to work alongside such a talented and committed team of Epassians,” he continued. “Together we’ve built a strong foundation for the future, and I could not be happier or prouder that it is exactly Nickyl who will continue to lead Epassi’s remarkable growth journey. He brings impressive experience, strategic vision, and inspiring leadership to take Epassi through its next phase of growth.”
Nickyl Raithatha, incoming CEO of Epassi, said: “I’m thrilled to be joining Epassi at such an exciting moment in its journey. The progress the team has made in building a multi-product, multi-geography business is remarkable and reflects both the strength of the people here and the ambition that drives the company forward. I’m looking forward to working with Pekka and everyone at Epassi as we accelerate our growth and build the leading digital employee benefits platform in Europe.”
Source: BusinessWire
