Vendep Capital has invested €1.75 million in Danish fintech start-up Mazepay, which specializes in transforming B2B spending management for enterprises.
Target Information
We are pleased to announce our latest investment of €1.75 million in Mazepay, an innovative SaaS company revolutionizing B2B spending management for medium and large enterprises. Established in 2018 in Aarhus, Denmark, by CEO Søren Aabel Hammer, COO Dan Kortegaard Nielsen, and CTO Thomas Dragsbæk, Mazepay's platform effectively addresses the complexities associated with corporate spend management.
Mazepay's solution streamlines B2B financial transactions, delivering a seamless and automated experience for enterprises facing long-tail spending challenges. Integrated with the Mastercard ICCP (In Control Commercial Payments) system and connected to over 70 banks worldwide, Mazepay facilitates quick onboarding for new banks within 30 days. Its robust platform is already trusted by notable companies such as Polestar, Orsted, Advania, Better Collective, Configit, and Sweco, and enjoys strategic partnerships with financial institutions, including AirPlus International, Nordea, and SEB Kort.
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Industry Overview in Denmark
The fintech sector in Denmark is burgeoning, fueled by a tech-savvy population and a supportive regulatory environment. Denmark has positioned itself as a frontrunner in the adoption of digital payment sol
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Transaction Size: $2M