Zervant
Zervant offers an online invoicing software in 9 markets in Europe.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 20 % | 25 % | 7 % | 48 % | 33 % | 26 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (80 %) | (80 %) | (40 %) | (99 %) | (10 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (120 %) | (132 %) | (86 %) | (143 %) | (38 %) | 48 % | 6 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 100 % | 83 % | 100 % | - | - | - | - |
Source: Company filings or news article
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Founded in 2010 by startup veterans Mattias Hansson and Tuukka Koskinen, Zervant provides cloud-based invoicing and financial management software tailored for freelancers and small businesses across Europe. The company's origin stems from the founders' firsthand experience with the administrative burdens of entrepreneurship, symbolized by a shoebox full of receipts, which inspired them to create a simpler solution.
Zervant operates on a freemium and subscription-based model. Its platform enables users to create and dispatch professional estimates and invoices in under a minute. The software is designed to streamline financial workflows for entrepreneurs who may have limited accounting experience. Core features include customizable invoice templates, time tracking that links directly to invoicing, expense management, and automated payment reminders. The service facilitates faster payments by embedding a 'Pay Now' button on invoices, allowing clients to pay instantly via credit card or bank transfer through integrations with Stripe and Tink. For users requiring more advanced capabilities, the system provides functionalities for recurring invoices, financial reporting on income and cash flow, and manages VAT calculations.
The company primarily serves micro-enterprises and sole traders in various sectors, including marketing, retail, design, and consulting. Zervant has expanded its reach across several European countries, including the UK, France, Germany, Sweden, and its home market of Finland. A significant milestone in the company's history was its acquisition by Ageras Group in September 2021, a move aimed at creating a dominant ecosystem of tools for small businesses in Europe. Following the acquisition, the Zervant team continued its operations from its headquarters in Helsinki. The company also offers a mobile application for both iOS and Android, allowing users to manage invoicing on the go. Keywords: invoicing software, small business accounting, freelancer tools, financial management, e-invoicing, expense tracking, time tracking, online payments, payment reminders, quote creation, sole trader finance, European fintech, mobile invoicing, Ageras Group, Mattias Hansson, Tuukka Koskinen, cloud-based accounting, professional invoices, business financial software, get paid faster