Structured in accordance with the voluntary CSRD VSME framework, Sidetrade’s 2024 report tells a standout story in the tech industry: a company that, in 2024, achieved remarkable revenue growth (+26%) while reducing its carbon footprint by 3.3%. This contrast reflects Sidetrade’s core ambition: to decouple business growth from environmental impact.

Cash is still the oxygen that fuels business growth. But that growth must no longer come at any cost. We have set a new standard, one that aligns performance with purpose, said Olivier Novasque, CEO and founder at Sidetrade. Our agentic AI, Aimie, must be useful, efficient, and capable of delivering business value, operational excellence, and positive societal impact.

In 2024, Sidetrade launched an ambitious digital sobriety program. With a virtualization rate of 95.6%, data centers powered by renewable energy (both in Europe and North America), and a Power Usage Effectiveness of 1.39 (well below the EU average*), Sidetrade is redefining SaaS industry benchmarks.

Sidetrade also made a notable impact in non-financial ratings, earning a Platinum Medal from EthiFinance and a Silver Medal from EcoVadis, placing it among the top 15% of rated companies in Europe. This recognition highlights both its tangible carbon reductions and the strength of its CSR governance, led by a dedicated committee reporting to executive leadership.

Excellence and ambition are the dual engines of our CSR journey, said Philippe Gangneux, CFO and CSR Ambassador at Sidetrade. Excellence ensures discipline in our commitments; ambition pushes us to aim higher, to reach further, and to generate lasting impact.

As an active member of the United Nations Global Compact, Sidetrade has aligned its roadmap with 10 of the UN’s Sustainable Development Goals, including climate action, workplace equity, ethical governance, and digital resilience.

The 2024 Sidetrade CSR report, with detailed performance indicators, is available here.

 

The decision reflects a growing trend among forward-looking finance organizations. In an environment marked by global volatility and operational complexity, legacy systems — dominated by rigid ERP structures and static workflows — have become increasingly inadequate. Rules-based automation and digital assistants, while useful, have reached their ceiling. Agentic AI is the new operating standard for competitive finance.

To stay ahead, CFOs are turning to Aimie to operationalize a new system of work: intelligent, autonomous, always on. This shift positions SECURITAS among the first companies to integrate agentic AI as an operational co-worker. Aimie redefines what AI can do by transforming Order-to-Cash from a scripted back-office function into a self-optimizing system of intelligence. She is a teammate who manages cash collection.

Purpose-built for corporate finance and backed by Sidetrade’s $7.2 trillion transaction Data Lake, Aimie brings contextual intelligence to every interaction. Her capabilities include:

Aimie delivers consistent, policy-aligned execution at scale, driving measurable gains in cash flow, reducing manual workload, and enabling finance teams to refocus on higher-value priorities.

By embracing agentic AI, SECURITAS joins a growing group of enterprises that gain a structural advantage in financial execution. Those who hesitate risk being overtaken by faster, leaner, more adaptive competitors.

Olivier Novasque, CEO of Sidetrade commented:

Given the current macroeconomic environment, we were unable to replicate our record-breaking booking from the first half of 2024, which had seen a 25% year-over-year increase. As anticipated, H1 2025 reflects a 21% decline from that record high, impacted by companies’ cautious stance toward launching new investment projects. Nonetheless, our well-balanced footprint across Europe and North America, where early signs of recovery are emerging, combined with a diversified mix of new deals and upsells to our existing client base, helped maintain bookings at levels comparable to H1 2023, before the 2024 peak.

While full-year 2025 booking is expected to follow a similar trend, early market feedback on the launch of our autonomous AI Cash Collection Agent is highly encouraging and supports the prospect of a significant reacceleration starting in 2026. Furthermore, the global alliance signed in June with a leading Order-to-Cash services firm is a new growth catalyst, expected to deliver material impact from 2026 onward. Additional agreements of this nature are in advanced stages and will enhance commercial momentum over the coming years.

On the revenue front, we posted strong growth of +19% at constant exchange rates, including +25% for our SaaS subscriptions. This performance was driven by 1/ the consolidation of SHS Viveon in H1, 2/ strong growth in our subscriptions in the US (+26%), and 3/ a sharp increase in subscriptions from enterprise clients generating over $2.5 billion in revenue (+42%). With nearly 90% recurring revenue and two new growth engines set to kick in from 2026, Sidetrade is well-positioned to sustain a robust and highly predictable business model. We are now entering a new phase in our growth journey, one that will once again redefine the scale and scope of our company over the next three years.

 

Resilient booking performance against a record 2024 and challenging macro backdrop

In H1 2025, Sidetrade recorded €5.88 million in new Annual Contract Value (ACV), down 21% from the €7.42 million reported in H1 2024, which marked an all-time high (+25% vs. H1 2023). While the economic context and an exceptionally high comparison base weighed on performance, H1 2025 ACV remained in line with the pre-peak level of H1 2023 (€5.84 million), demonstrating the strength of Sidetrade’s commercial model.

New Annual Recurring Revenue (New ARR) came in at €2.44 million, down 38% from the record €3.95 million in H1 2024. Q1 2025 was exceptionally soft in North America, which accounted for only 8% of New ARR. However, a strong Q2 2025 rebound lifted the US contribution to 34% of total new contract value for the first half of the year.

Service booking, which are generally billed within twelve months of being signed, remained stable at €3.44 million in H1 2025 (vs. €3.47 million in H1 2024), with reduced large-scale investment activity, particularly in the US, offset by strong expansion projects within the existing client base, including €1.44 million from SHS Viveon customers in Germany.

The average initial contract period for new clients (excluding renewals) remained high at 44.5 months (vs. 44.8 in H1 2024), significantly above the SaaS industry average (24–36 months), reflecting strong client confidence and contributing to revenue visibility and resilience.

In a notable shift in trend, only 30% of H1 2025 bookings came from New Business, compared to the historical range of 50–60%. This was due to greater caution among enterprises, especially in North America. Conversely, Cross-sell deals (new entities within a group and/or additional modules, such as CashApp, Credit Risk Expert, or e-Invoicing) accounted for 45% of total bookings (up from 20% previously), while upsells to existing clients contributed 25%. Together, Cross-Sell and UpSell accounted for 70% of signatures, clear evidence of strong customer satisfaction and revenue retention. This also reflects Sidetrade’s ability to capture incremental growth from existing enterprise clients through a multi-product platform strategy, even in a challenging environment.

 

AI Agent and strategic alliances open up new structural growth opportunities for order intake

H1 2025 marked a strategic inflection point, with two new growth levers expected to reshape Sidetrade’s medium-term commercial trajectory: the industrialization of agent-based AI and the expansion of distribution channels through global partnerships.

In May 2025, Sidetrade unveiled the first autonomous AI agent for cash collection. Designed to operate without human supervision, this next-generation intelligent agent, embodied by Aimie, is a game-changer in the Order-to-Cash space. With strong interest from enterprise clients seeking immediate cash generation improvements, large-scale commercialization is scheduled for early 2026, with some early-stage pre-orders possible in Q4 2025. Initial feedback indicates that AI agents could significantly boost commercial momentum starting next year.

In parallel, Sidetrade signed a global partnership in June with a major international consulting firm specializing in finance transformation. The agreement provides privileged access to Global 2000 strategic accounts across services, manufacturing, and healthcare, and is expected to generate incremental pipeline growth across North America, EMEA, and APAC.

Backed by a substantial installed base, breakthrough innovation, and expanded go-to-market capabilities, Sidetrade is well-equipped to accelerate its commercial growth in the coming years.

 

Strong revenue growth: +18%, including +24% SaaS subscription growth

Sidetrade
(€m)
H1 2025 H1 2024 Change
SaaS Subscription Revenue 25.4 20.5 +24%
Total Revenue 29.3 24.8 +18%

All the 2025 information of this financial release is from consolidated, unaudited data.

Sidetrade posted consolidated revenue of €29.3 million in H1 2025, up 19% at constant exchange rates and 18% on a reported basis.

SaaS subscription revenue rose to €25.4 million, representing a 25% increase at constant exchange rates (+24% reported). On a like-for-like basis (excluding SHS Viveon), growth stood at +12% constant. This solid performance confirms the strength of Sidetrade’s SaaS business model, with recurring revenue driving robust results amid economic uncertainty.

Growth was robust among enterprise accounts. SaaS subscriptions from companies generating over €2.5 billion in annual revenue surged 42%, now representing 54% of total subscription revenue, underscoring Sidetrade’s growing penetration of large international enterprises. This high-end market segment is expected to remain a significant growth driver in the coming quarters.

Service revenue totaled €3.9 million, down 8% compared to H1 2024 and 32% on a like-for-like basis. This was due to fewer large-scale projects and more limited service engagements tied to upsell deals.

The consolidation of SHS Viveon (effective July 1, 2024) contributed €3.9 million, or 13% of total H1 2025 revenue.

It is worth noting that all Sidetrade multi-year contracts are indexed to inflation (Syntec index for Southern Europe, UK CPI for Northern Europe, and US CPI for the United States), ensuring that annual pricing updates are automatically reflected in subscription revenue, without waiting for contract renewals.

On July 7, 2025, in a moment filled with pride and emotion, Sidetrade’s Founder and CEO, Olivier Novasque, visited the Euronext Paris headquarters alongside some of the company’s historic figures to mark two decades of public listing. The traditional market opening bell ceremony highlighted two decades of uninterrupted
growth and bold entrepreneurship that have established Sidetrade as a world leader in the Order-to-Cash space. Twenty years after its IPO, Sidetrade stands as a unique French tech success story, built on a foundation of performance, innovation, resilience, and independence.


Olivier Novasque (Founder & CEO, Sidetrade)
surrounded by core team members and historic contributors.

 

A founding vision: leveraging technology to power business cash flow

When Olivier Novasque founded Sidetrade in 2000, his goal was to build a valuable, agile company ahead of its time. He foresaw the need to reinvent the financial relationship between customers and suppliers, moving away from a purely administrative model toward one driven by performance. Based on this vision, he laid the foundation for a technology platform designed to deeply transform cash flow generation. Going against the prevailing standards of the time, he rejected the dominant on-premises model and bet on SaaS from the very beginning, an audacious move that proved visionary.

A former finance executive turned entrepreneur, Novasque made the rare choice to raise only essential funds. Instead, he prioritized self-financed growth, aiming to build a high-quality, industrial-grade, tech-driven business.

I believe the best companies aren’t necessarily those that raise the most money, but those that work tirelessly to execute their vision with rigor, creativity, and resilience, said Olivier Novasque, CEO and founder at Sidetrade. Today, I want to honor everyone, past and present, who has contributed to Sidetrade’s journey. I’m proud to be surrounded by an executive team united by a spirit of ambition, innovation, and excellence. Together, with all Sidetraders, we are ushering Order-to-Cash into the age of the Agentic Revolution.

For years, tech company success was often measured by the size of their fundraising rounds rather than their ability to sustain a viable business model. Sidetrade took a different route, rooting its growth in self-financing. Aside from €2 million raised pre-IPO and a €4.5 million capital increase at IPO, Sidetrade has never resorted to public fundraising or shareholder dilution.

As of today, the company holds nearly €50 million in cash and treasury shares. This performance is the result of a sustained growth strategy and over a decade of investment in artificial intelligence, funded entirely by the company’s ability to generate cash year after year. In 2024, the company delivered a standout performance:

This financial discipline has in no way compromised shareholder value creation. Listed at €12.50 in 2005, Sidetrade’s share price has increased twentyfold, reaching €249 as of July 4, 2025. This represents a stock market performance of over +1,800%, more than 11 times that of the CAC Mid & Small index, which rose by +164% over the same period.

 

Sidetrade’s share price growth, indexed to 100 since IPO (July 7, 2005)

 

A recognized technology leader

Innovation is part of Sidetrade’s DNA. In 2025, the company’s innovation capabilities were recognized by some of the most respected rankings in the sector:

These accolades highlight the uniqueness of Sidetrade’s technology foundation, which includes a cloud-native architecture, proprietary action-oriented AI, and a one-of-a-kind payment behavior Data Lake, enriched with over $7.2 trillion in intercompany transactions.

From its humble beginnings in a Paris office to a global presence, Sidetrade has followed a trajectory of organic growth reinforced by nine acquisitions. The company has rigorously executed its model while expanding geographically across Germany, the UK, Ireland, the US, Canada, and of course, France. Today, with 65% of revenue generated outside France, Sidetrade supports major enterprises in 85 countries as a partner in their financial transformation.

Sidetrade’s inclusion in the Euronext Tech Leaders index in June 2025 marks more than institutional recognition; it affirms the rise of a European tech champion capable of combining breakthrough innovation with profitable growth to power the next generation of enterprise finance.

Congratulations to Sidetrade on 20 years of public listing on Euronext, said Delphine d’Amarzit, Euronext Paris Chairwoman and CEO. Sidetrade’s remarkable stock market journey is a testament to its sustained growth and demonstrates the power of Euronext to help local SMEs become global mid-cap players while preserving their independence. It perfectly embodies the synergy between entrepreneurial ambition and the excellence of European capital markets, recently underscored by Sidetrade’s entry into the Euronext Tech Leaders index.

Sidetrade’s unique trajectory, combining technological innovation, financial performance, and capital discipline, is now catching the attention of American institutional investors. Sidetrade’s stock performance reflects a remarkable growth journey and a robust business model built on high revenue recurrence, operational excellence, and cash generation, said Jean-Pierre Tabart, Senior Analyst at TP ICAP Midcap. Above all, we believe the group still holds significant upside potential. Beyond the strength and durability of its fundamentals, a substantial valuation gap remains compared to North American SaaS players. Moreover, the current share price does not reflect the stock’s strategic value, driven by its scarcity—there are very few opportunities in the European market to gain exposure to a true SaaS company—and by Sidetrade’s lead in artificial intelligence, which is expected to further reinforce its technological leadership in the Order-to-Cash space.

Sidetrade is one of the few long-term success stories on the Euronext stock market. With a robust and exportable model, the company has established itself as a global leader with solutions deployed across multinational companies. This trajectory, built with discipline and vision, is now entering a new chapter: one of AI-augmented finance, where more intelligent, more autonomous, and entirely focused on the AI agent revolution.

The Europe’s Most Innovative Companies 2025 list, compiled by Fortune in partnership with Statista, is based on more than 108,000 evaluations by experts and employees, enriched by the LexisNexis® patent portfolio index. Each company is assessed across three dimensions: product innovation, process innovation, and innovation culture. Sidetrade stood out for the strength of its innovative mindset, a key driver in its ability to reshape financial practices across the Order-to-Cash field.

This recognition crowns a continuous innovation trajectory that began with the company’s founding in 2000. This momentum originated in Paris, France, where the company built its technological foundation within an ecosystem that has since achieved global recognition. As of 2025, the French capital’s technology ecosystem ranks fourth globally, according to Dealroom, surpassing London, Munich, and Stockholm.

Since its inception 25 years ago, Sidetrade has been at the forefront of technological disruption, said Olivier Novasque, Founder and CEO of Sidetrade. This recognition by Fortune comes at a pivotal moment, as we enter the era of agentic AI. For our clients, this marks the era of augmented finance, with virtually unlimited capabilities that can absorb business complexity. For us, it reflects a technological lead we estimate to be over three years ahead of our market.

By equipping finance departments with autonomous agents capable of acting, communicating, and adapting in real time, Sidetrade is redefining the foundations of the Order-to-Cash process. This shift from assistive AI to executional AI represents a strategic inflection point, described by several analysts as a business model transformation.

The emergence of agentic AI marks a turning point in the operating model of corporate finance, noted Jean-Pierre Tabart, Analyst at TP ICAP. With its technological lead, mastery of real-time behavioral data, and ability to industrialize autonomous intelligence at scale for large enterprises, Sidetrade stands out as a strategically undervalued asset, poised to capture increasing value in an under-equipped market.

Launched by Euronext in 2022, the Tech Leaders brings together the 110 most dynamic listed European tech companies, providing them with enhanced visibility, targeted investor access, and exclusive participation in pan-European innovation forums. Sidetrade’s inclusion reflects its alignment with the criteria of the index:

The Euronext Tech Leaders Index will be updated after markets close on Friday, 20 June 2025, with effect from Monday, 23 June 2025.

Delphine d’Amarzit, Euronext Paris Chairwoman and CEO, states: Sidetrade’s 20th anniversary of being listed coincides with the highest possible recognition of its stock market journey: its inclusion in the Euronext Tech Leaders, which brings together technology companies listed on Euronext that stand out for their growth and innovation. I am pleased that the stock exchange has fully played its role in supporting the growth of a company like Sidetrade, which now ranks among the most promising tech companies in Europe, thanks to the long-term vision of its founder, Olivier Novasque, and the work of its teams.

Sidetrade’s trajectory reflects a conviction that the future of enterprise finance lies in autonomous systems capable of acting intelligently in dynamic environments. Innovation is in the DNA of Sidetrade. From the outset, the company has approached AI not as a layer of enhancement, but as the engine driving systemic change.

Central to this transformation is Aimie, Sidetrade’s agentic AI. Built to go beyond predictive analytics, Aimie is an autonomous agent that makes decisions, initiates actions, and adapts in real-time to optimize cash flow processes. From qualifying invoices to orchestrating engagement strategies and accelerating cash collections, Aimie scales behavior-based decision-making across a global network of over 40 million buyers. This intelligence is grounded in Sidetrade’s Data Lake, the world’s richest behavioral dataset for B2B transactions, encompassing more than $7.2 trillion in payment data. It is this combination of machine learning, behavioral modeling, and collaborative intelligence that positions Aimie as an operator that learns, acts, and evolves in the service of enterprise performance.

The inclusion in the Euronext Tech Leaders segment is also a tribute to Olivier Novasque’s vision as founder and CEO of Sidetrade. Marking 25 years of innovation at Sidetrade, Novasque has championed a bold roadmap to move finance beyond automation and into real-time intelligent orchestration, transforming the CFO office from a reactive unit to a proactive command center.

We are honored to join the Euronext Tech Leaders, said Olivier Novasque, CEO and founder at Sidetrade. At Sidetrade, we’ve never followed the market. We’ve questioned its limits and investigated how technology should overcome them. In a financial world that is growing increasingly complex by the day, we believe the real breakthrough lies in augmenting human capacity. Our technology is designed to sharpen judgment, accelerate action, and foster resilience. When machines enhance talents, organizations unlock their full potential.

Powered by Sidetrade’s Data Lake, the new Aimie orchestrates Order-to-Cash (O2C) processes, executing phone calls, interacting with debtor clients, escalating and flagging issues or exceptions for human follow-up actions where necessary. Announced at the Gartner CFO & Finance Executive Conference today, this launch marks a decisive leap beyond automation.

 

Ushering in a new era for CFOs, Global Business Services, and Shared Services

In the current economic climate, traditional financial systems, rule-based automation, large teams handling low-value calls, and follow-up email campaigns have all revealed their limitations. The race for competitiveness is not just won with automation. It is also won with speed, precision, and the ability to make sense of vast and fragmented data. Chief Financial Officers (CFOs), Global Business Services, and Shared Services leaders must accelerate cash flow generation, less operational overheads, and scale faster.

Aimie is now agentic. Designed as an enterprise teammate, her first capability is being an autonomous Cash Collection Agent, trained on $7.2 trillion in payment experiences and insights from 40 million buyers worldwide. Simply put, Aimie does not wait for instructions, said Rob Harvey, Chief Product Officer at Sidetrade. Aimie does much more than merely follow a script; she makes decisions. That’s the real breakthrough. Agentic AI propels Order-to-Cash processes beyond automation into autonomous decision-making, unlocking new levers for sustainable financial performance. By combining human oversight with self-directed agents, we are creating an opening for more adaptive, scalable finance operations, where manual processes do not hold back growth.

Aimie’s Cash Collection Agent is ready for deployment across Europe and North America:

Unlike static bots, Aimie continuously learns from live outcomes, adjusts outreach strategies, and refines prioritization using predictive signals from Sidetrade’s Data Lake.

 

Championing consistency to elevate performance

Early adopters are already experiencing real-world impact. What I love most about Aimie isn’t the cost savings; it’s her consistency, said Stephen Dyer, VP Credit & Collections at OpenText. I manage 100+ collectors globally, and inconsistency is inevitable. Aimie guaranteed precise, repeatable execution which is a game-changer! She also helps to reshape the modern customer 360, enabling us to move past traditional customer experiences toward a data-driven, personalized relationship that can be replicated at scale.

Aimie empowers Sidetrade customers with distinctive capabilities:

Aimie takes on the high-volume, low-value tasks that drain finance teams, automating repetitive work with consistency, wherever the geography. The results? Reduced administrative burden on accounts receivable, so talent can refocus on strategic impact. Speaking with early adopters, Harvey commented: They are not worried about a robot taking their job… because most of them already feel like they are doing the robot’s job. Moreover, they are aware that if we fail to design an AI co-worker, tomorrow’s finance will feel less human as they will be stuck talking to accounts payable robots instead of solving real strategic problems.

 

Building on CFOs economic environment

Aimie’s unique advantage is Sidetrade’s Data Lake, which manages 10 payment events per second across one billion transactions, making it the largest real-time O2C behavioral database in the market. Aimie’s intelligence comes from context-rich data, not just clever LLM’s, said Mark Sheldon, Sidetrade’s Chief Technology Officer. Generic AI systems lack the contextual data needed to operate as domain experts. But Aimie does. With $7.2 trillion in behavioral payment signals, Aimie adapts with pinpoint precision, and she keeps learning. Finance departments gain access to a new resource: tireless and infinitely scalable.

Sidetrade has been training finance-specific models since 2015, with generative capabilities added in 2024. The AI Cash Collection Agent is part of a broader rollout of Sidetrade’s new agentic AI, which includes purpose-built agentic functionalities for email auto-response, portal data extraction, and cash application exception handling. As an AI orchestrator, Aimie coordinates a team of domain-specific agents to run the O2C cycle autonomously. AI goes agentic, stated Harvey. Each agent operates independently to process thousands of customer emails and payments per day. Together, they represent a step-change in how finance teams execute their O2C processes.

Sheldon concluded: Short-term, what companies need to define is the level of autonomy they are willing to delegate to agents, the role human oversight should play, and how best to optimize their resources in this new paradigm. Rather than giving in to fears around agentic AI or human replaceability, I encourage business leaders to rethink the role of people within organizations that fully harness this technological shift. The most forward-thinking leaders already augment operational efficiency while repositioning their teams toward higher-value, strategic work.

Aimie, Sidetrade’s AI Cash Collection Agent, is now available for early adopters.
Meet Aimie, here.

Sidetrade’s 2024 Annual Report provides an in-depth analysis of the company’s ecosystem, strategic direction, and governance framework. It also reviews the key milestones that shaped the past financial year. Beyond the financial results, the report connects economic performance and non-financial impact, demonstrating Sidetrade’s commitment to responsible growth, exemplary governance, and sustainable value creation.

This report is designed for investors, partners, customers, and stakeholders who want a deeper understanding of how Sidetrade anticipates, innovates, and shapes the future of corporate finance. It is available on the company’s website here.

Philippe Gangneux, CSR Ambassador and Chief Financial Officer of Sidetrade, commented:

In 2024, we delivered record revenue and profitability, while expanding our AI innovation and international footprint. For the second year, we’re integrating both financial and non-financial performance to give our stakeholders a transparent, 360° view of how Sidetrade creates value. Our ability to combine sustained growth, operational excellence, and long-term impact is what sets us apart.

This year’s Annual Report goes beyond numbers, highlighting how our intelligent solutions, powered by the Sidetrade Data Lake, are not only accelerating cash flow performance for our customers, but helping finance leaders rethink what’s possible in the age of generative AI.