August 16, 2016

Fintech startup Zervant closes EUR 4 million financing

Zervant’s services are used by tens of thousands of entrepreneurs all over Europe.
Zervant’s services are used by tens of thousands of entrepreneurs all over Europe.

Finnish fintech startup Zervant has raised four million euros in funding. The funding round was led by Nordic Northzone and Finnish Conor Venture Partners.

The investment will be used to further boost the international expansion of Zervant’s invoicing services, designed for freelancers and small businesses. The additional funding will also see Zervant add new features to their product, such as invoice finance, to enable even faster transaction traffic.

“The investment will help us expand significantly and strengthen our position as the leading invoicing service for small businesses in Europe,” says Mattias Hansson, CEO of Zervant. “We will accelerate growth in our current markets as well as expand into new countries.”

Currently, the company’s core markets are Finland, Sweden, Germany, France and the UK.

Hansson believes that there will be a shift towards electronic invoicing and more accessible financial products for micro enterprises.

“We want to lead the way in this segment,” he underlines.

The majority of the funding was raised from venture capital companies Northzone and Conor Venture Partners. Nordic Northzone is a technology investment partnership that has invested in companies such as Spotify, iZettle and Klarna. Finland-based Conor Venture Partners specialises in early stage technology investments and has been an investor in Zervant since early 2015.

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