Zevoy

About Zevoy

Zevoy, a Finnish fintech company established in August 2020, provides an all-in-one expense management platform for businesses. The company was founded by a team with extensive experience in B2B cloud services and finance from firms like Aktia Bank, Vainu, and Meniga. The founding team includes Christoffer Rosqvist (CEO), Ron Lindqvist, Joakim Lundborg (CTO), Jonas Strahl (CFO), and Aage Reerslev. Rosqvist brings broad experience from the banking and financial technology sectors.

Zevoy's core business revolves around simplifying corporate spending through a unified platform that integrates smart payment cards with expense management software. The company serves businesses of all sizes by offering both prepaid and credit card options, a key differentiator from some competitors. Its revenue is generated through a Software-as-a-Service (SaaS) model. Regulated by the Finnish Financial Supervisory Authority (FIN-FSA), Zevoy rapidly secured approvals and a Visa Principal Membership, launching its card ecosystem in less than a year.

The platform aims to reduce the time and manual work associated with expense processing. Its product suite includes the Zevoy Card (physical and virtual), an administration hub, and a mobile app. Employees can make purchases, scan receipts, and match them to transactions in real-time. The system automates expense reporting and provides administrators with a centralized portal to manage cards, set spending limits, and integrate data with accounting software like Xero and Oracle. The company also offers specific solutions for managing recurring subscription payments, handling employee reimbursement claims, and administering employee benefits such as lunch and transport.

The company has demonstrated significant growth, securing a €3.8 million seed round in mid-2021 followed by a €15 million Series A round in April 2022, led by Blossom Capital with participation from Maki.vc and Brightly Ventures. This funding was intended to fuel expansion into eight new European markets. At the time of the Series A funding, the company reported adding over 100 new customers per month in Finland and Sweden.