Mazepay provides a payments and procurement platform that helps medium and large enterprises manage long-tail spend and thousands of suppliers within a compliant global ecosystem. The company automates invoice payments and approvals to reduce manual authorisations across multiple stakeholders. It lists customers such as Polestar, Ørsted, Advania, Better Collective, Configit, and Sweco, and partners with financial services firms including AirPlus International, Nordea, and SEB Kort. Mazepay is integrated with Mastercard ICCP, which connects to over 70 banks and enables a new bank to go live on the platform within 30 days. The company holds a pan‑European payments institute licence from the Danish Financial Supervisory Authority, allowing it to handle transactions and pay suppliers’ invoices directly. Mazepay employs a team of 28 people across 11 nationalities and plans to use the new funding to expand further across Europe.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2023