Mazepay A/S
Mazepay A/S is a company.
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Leadership Team
Key people at Mazepay A/S.
Mazepay A/S is a company.
Key people at Mazepay A/S.
Mazepay A/S is a Danish fintech SaaS company founded in 2018 that provides a platform for simplifying long-tail procurement and B2B payments, targeting medium and large enterprises.[1][3][4] It serves customers in 21 countries across 5 continents, including major firms like Polestar, Orsted, Advania, Better Collective, Configit, and Sweco, by automating purchase requests, enforcing business rules, enabling virtual card payments via Mastercard ICCP integration, and offering transparency from request to reconciliation.[3][4][5] The platform addresses chaotic long-tail spend—small, high-volume purchases outside main procurement—reducing risks, speeding supplier onboarding to days, and providing audit trails and data insights, with a team of 28 across 11 nationalities driving growth bolstered by a €1.75M investment from Vendep Capital.[3][5]
Mazepay was founded in 2018 in Aarhus, Denmark, by Søren Aabel Hammer (CEO), Dan Kortegaard Nielsen (COO), and Thomas Dragsbæk (CTO), emerging from interviews with CFOs, CPOs, and procurement leaders at 23 global companies to tackle inefficiencies in corporate long-tail spend management.[1][3][4] Headquartered at Viborgvej 157 B, Hasle, Aarhus V (with some sources noting Aarhus C), the idea stemmed from ambitions to make purchase requests as simple as a post-it note while partnering with banks like Nordea, SEB Kort, and AirPlus International connected to over 70 global banks.[2][3][4] Early traction built through these trusted partners inviting Mazepay to solve customer pain points, leading to a pan-European payments institute licence and recent expansion into SMEs via banking collaborations.[3][6]
Mazepay rides the corporate spend management wave in fintech, targeting the underserved long-tail segment amid rising demands for digital procurement post-pandemic, where traditional processes fail high-volume, low-value buys.[3][4][5] Timing aligns with regulatory pushes for transparency (e.g., pan-European payments licence) and SME digitization, fueled by market forces like economic pressures on enterprises to cut costs and automate via APIs/bank integrations.[3][6] It influences the ecosystem by enabling banks to offer value-added services, fostering a global B2B payments network across 5 continents, and supporting Nordic founders' US expansion ambitions through investor expertise.[3][4]
Mazepay is poised to scale via its €1.75M funding for commercial expansion in Europe and North America, targeting broader SME adoption and deeper bank partnerships to capture more long-tail market share.[3] Trends like AI-driven spend analytics, embedded finance, and real-time reconciliation will shape its path, potentially evolving it into a full-suite procurement powerhouse amid fintech consolidation. Its influence may grow by standardizing B2B payments globally, empowering enterprises to reclaim control over chaotic spend as digital transformation accelerates—starting from that Aarhus ambition to simplify the complex.
Key people at Mazepay A/S.
