Zevoy is a company.
Zevoy has raised $21.0M across 2 funding rounds.
Key people at Zevoy.
Zevoy has raised $21.0M in total across 2 funding rounds.
Key people at Zevoy.
Zevoy has raised $21.0M in total across 2 funding rounds.
Zevoy's investors include Blossom Capital, EQT Ventures, Maki.vc, Tomahawk.VC, Übermorgen Ventures.
Zevoy is a Finnish fintech startup founded in 2020 that provides an all-in-one expense management solution powered by its Visa business card.[1][2][3][4] The platform combines virtual or physical smart payment cards (credit or prepaid, compatible with Apple Pay and Google Pay), a receipt scanning app, and an administration portal to automate expense tracking, receipt matching, and accounting integration in real-time.[1][2][3][4] It targets growing companies in underserved markets, solving the pain of time-consuming, frustrating expense processes by simplifying spending for businesses and boosting employee satisfaction.[1][2]
As an Electronic Money Institution (EMI) authorized by the Finnish Financial Supervisory Authority (FIN-FSA) and a Visa Principal Member, Zevoy secured €15M in Series A funding in 2022, led by Blossom Capital with participation from Maki.vc and Bright Ventures, fueling plans for European expansion into eight new markets.[1][2][3][5] Early traction includes adding 100+ customers monthly in Finland and Sweden, positioning it as a streamlined alternative in the competitive fintech expense management space.[1]
Zevoy was founded in 2020 in Espoo, Finland, during the pandemic, with its full expense management solution built in under 12 months.[2][4] The founding team—CEO Christoffer Rosqvist, CFO Jonas Strahl, CTO Joakim Lundborg, and others including Ron Lindqvist and Aage Reerslev—brings deep experience in B2B cloud services and finance from companies like Wrapp/Meniga, Vainu, and Aktia Bank.[2] Rosqvist, emphasizing efficiency, aimed to deliver what legacy expense tools promised but faster and simpler, targeting high-creditworthiness growing firms.[1][2]
Key early milestones include securing FIN-FSA approvals, achieving Visa Principal Membership, and launching the all-in-one Visa business card ecosystem.[1][2] By 2022, this momentum led to the €15M Series A, with plans to expand across Europe amid a predicted "FinTech race."[1][5]
Zevoy rides the wave of fintech democratization in expense management, addressing a massive pain point where companies waste time and money on outdated processes amid rising remote/hybrid work and digital finance adoption.[1][2] Its 2020 pandemic launch timed perfectly with accelerated demand for contactless, automated B2B tools, positioning it against incumbents like Mooncard, Moss, and Payhawk in a market shifting toward integrated SaaS platforms.[4]
Market forces favoring Zevoy include Europe's fragmented regulations (e.g., EMI licensing enabling cross-border scalability) and the "FinTech race" for efficient spend control in growing SMEs.[1][5] By pioneering Nordic fintech efficiency—expanding to eight markets post-2022 funding—Zevoy influences the ecosystem by raising bars for speed, compliance, and user experience, potentially reshaping how startups manage cash flow in high-growth phases.[1][2]
Zevoy's trajectory points to dominance as Europe's go-to expense platform, building on its regulatory moats and rapid Nordic traction to capture share in expanding markets.[1][2] Upcoming trends like AI-driven spend analytics, embedded finance, and PSD3 regulations will amplify its edge, especially if it secures the anticipated credit institution license and deepens integrations.[1]
Expect accelerated growth through 2026 via geographic pushes and product enhancements (e.g., advanced forecasting), evolving Zevoy from Nordic challenger to pan-European leader—streamlining expenses so businesses thrive, just as its all-in-one card promised from day one.[1][2][3]
Zevoy has raised $21.0M across 2 funding rounds. Most recently, it raised $16.0M Series A in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $16.0M Series A | Blossom Capital, EQT Ventures, Maki.vc, Tomahawk.VC, Übermorgen Ventures | |
| Sep 1, 2021 | $5.0M Seed | Maki.vc |
