Zervant offers online invoicing software for micro enterprises and entrepreneurs across Europe, targeting companies with fewer than 10 employees. It operates a freemium model where the basic software is free and users can pay for subscriptions that include premium invoice delivery and support. The company is making a strategic bet on upcoming EU electronic-invoicing legislation and has offered an e-invoicing feature to Finnish customers for the past five years, enabling users to send e-invoices with a click. Zervant's software is used by about 20,000 business customers across seven countries, with 85 percent of current growth coming from France, Germany and the U.K. The startup plans to launch complementary invoicing-related products, including a form of invoice financing to speed up customer cash flow. Founded in 2010 and headquartered in Espoo, Finland, Zervant says it may add more premium services in the future to widen its revenue portfolio. Zervant provides online invoicing services designed for freelancers and small businesses, with tens of thousands of entrepreneurs using the product across Europe. Its core markets include Finland, Sweden, Germany, France and the UK. The company is led by co-founder and CEO Mattias Hansson. Zervant plans to use new funding to boost international expansion and to add product features such as invoice finance. Financially, the company has raised over €8M to date, including the recent Series A. Zervant provides online invoicing and accounting software that helps micro businesses manage their financials more quickly and cost efficiently. Led by CEO Mattias Hansson, the service targets small businesses across Europe. The platform is used by 40,000 small businesses and is available in five languages. Key markets include Sweden, Germany, France and Finland. Founded in 2010 and based in Helsinki, the company has a team of 13. Zervant raised €1.5m and intends to use the capital to boost its international rollout.

Total raised

$14M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2018