iFirma
👤 Wojciech Narczynski & Andrzej Parszuto (Built Poland's first online accounting service at their IT firm Power Media, took it public in 2008, let tax law compound demand.)🌐 site
A dull monthly fee to satisfy Polish tax law. The filings are mandatory, so demand is guaranteed - and KSeF adds more.
Will it work? · our read
Mandatory by law. The law guarantees Poles need this, so iFirma just has to stay compliant and not get undercut on price by inFakt or wFirma. Its limit is Poland's borders, not its demand.
01How the money moves
Polish sole trader is legally required to file digital VAT/JPK and issue KSeF e-invoices
→
Subscribes to ifirma.pl to auto-run bookkeeping, filings and e-invoices
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Pays a recurring monthly fee - 97% of iFirma's revenue
02The numbers
PLN 58M
2024 revenue (+14% YoY)
co. filing
PLN 8.4M
2024 net profit
co. filing
97%
from core SaaS
co. filing
2024 was iFirma's most profitable year ever, per its own preliminary results. BiznesRadar / iFirma
PLN 58M in 2024 (about $15M), +14% YoY; 97% from the ifirma.pl subscription.
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(demo: preview the full teardown)Sourcesupdated · daily
BiznesRadar - iFirma preliminary 2024 results: over PLN 58M revenue (+14%), PLN 8.4M net profitiFirma H1 2024 report (company filing, ifirma.pl)SII interview - CEO Wojciech Narczynski on rising revenue and profitEuropean Commission - eInvoicing in Poland (KSeF national mandate)iFirma investor relations - management board (founders Narczynski and Parszuto)
Revenue is first-party public: iFirma is listed on the Warsaw Stock Exchange (ticker IFI) and reported preliminary 2024 revenue over PLN 58M (+14% YoY) and PLN 8.4M net profit in its own results announcement - so sourced FILED, verified true. The USD figure (about $15M) is a conversion at roughly PLN 4/USD, not a reported number. Subscriber/client count is not disclosed, so it is omitted rather than guessed. KSeF timeline is from European Commission and Polish Ministry of Finance sources. Competitor bars are our read of relative footprint, not measured market share. Founding year 2007 for ifirma.pl is approximate; parent Power Media listed in 2008 and renamed to IFIRMA in 2017. No fabricated drama - the story is patient execution on a regulated niche. We never score you.