Finnish e-invoicing startup Zervant has raised EUR6 million in a funding round led by local VC and private equity firm Tesi.
Northzone, NFT Ventures and Conor Venture Partners joined the round for Zervant, which already claims 20,000 business customers across seven European countries – France, Germany, the UK, Belgium, Austria, Finland and Sweden.
Zervant says it plans to use the cash injection to build up its client base of micro businesses and introduce a range of “premium features”.
The company is also banking on an incoming EU directive which comes into force this year, and aims to make electronic invoicing the main form of invoicing in Europe by 2020.
Mattias Hansson, CEO, Zervant, says: “Regulatory changes in the financial space, along with the widespread switch to digital, present entrepreneurs with a whole new set of possibilities for running their businesses more efficiently.
“It’s our goal to make sure that they have access to all this potential – be it by helping with access to finance or helping our customers make smarter business decisions.”