Zervant’s e-invoicing service to cover whole of Europe
The Finnish startup Zervant intends to make its e-invoicing service available to all European small-sized companies.
Finland is a global pioneer in e-invoicing. Some 89 per cent of large Finnish companies and 59 per cent of small ones have introduced e-invoicing. The global average is 8.4 per cent.
The Europe-wide introduction of e-invoices would save 64.5 billion euros and a million tonnes of CO2 emissions annually. In addition, according to Zervant, switching to e-invoicing saves 25 euros per invoice.
The main markets of Zervant, founded in 2010, have been Finland, Sweden, Germany, France and the UK, where its cloud-base service already has more than 80 000 corporate users. To date, the company has raised four million euros in capital funding from Conor Venture Partners, Tekes and angel investors.