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§ Private Profile · Espoo, Finland
Zervant is a technology company.
Zervant delivers online invoicing software designed specifically for sole traders and small businesses, enabling them to create, send, and manage invoices, estimates, and receipts efficiently. The platform provides functionalities for various delivery methods, including email, post, and e-invoices, and integrates options for online payments, streamlining the financial workflow for its users.
The company was established in 2010 by long-time friends Mattias Hansson and Tuukka Koskinen. Their foundational insight stemmed from recognizing the need for a digital solution to empower entrepreneurs to manage their billing effectively and receive payments more promptly.
Zervant primarily serves entrepreneurs and small business owners throughout Europe who seek simplified financial administration. The company’s long-term vision focuses on equipping these businesses with accessible tools that enhance financial control, reduce administrative burdens, and ensure timely compensation for their services.
Zervant has raised $15.6M across 4 funding rounds.
Zervant has raised $15.6M in total across 4 funding rounds.
Zervant has raised $15.6M across 4 funding rounds. Most recently, it raised $7.0M Series B in February 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2018 | $7M Series B | Jussi Sainiemi | Conor Venture Partners, Northzone, NFT Ventures | Announced |
| Aug 1, 2016 | $5M Series A | Conor Venture Partners, Northzone | — | Announced |
| Mar 6, 2015 | $1.6M Venture Round | Conor Venture Partners | — | Announced |
| Mar 1, 2015 | $2M Seed | — | Conor Venture Partners, Northzone | Announced |
Zervant is a cloud-based invoicing and accounting software platform tailored for freelancers, sole traders, and small businesses. It enables users to create, send, and manage invoices, estimates, receipts, and expenses while offering tools for time tracking, reporting, and payment monitoring to streamline financial processes.[1][2][3]
The platform solves the administrative burden of manual invoicing—such as using Excel or Word—by providing automated, professional templates, multi-currency support, recurring billing, and mobile access, all starting free and scaling with business growth. It serves small enterprises in sectors like marketing, retail, health, design, and accounting, with strong user praise for simplicity and efficiency, evidenced by a 4.4 rating and endorsements from Forbes and HuffPost.[1][2]
Zervant was founded in 2011 to simplify invoicing for freelancers and small businesses, addressing the inefficiencies of traditional tools like spreadsheets.[5] The idea emerged from recognizing that entrepreneurs needed quick, reliable financial management without complex setups, leading to a focus on intuitive, cloud-based software built "for entrepreneurs, by entrepreneurs."[3]
Early traction came from its free core features, user-friendly interface, and rapid invoice creation—under a minute per invoice—which quickly differentiated it from manual methods. Pivotal moments include expanding to mobile apps, integrations like open banking for effortless data handling, and scalable plans that supported user growth without forcing upfront costs.[3][4]
Zervant rides the wave of digital transformation for solopreneurs and SMBs, fueled by the gig economy's growth and remote work trends post-2020, where mobile invoicing enables "work anywhere" flexibility.[3] Timing aligns with open banking regulations and fintech accessibility, allowing seamless data feeds that automate tedious tasks like expense reconciliation.[4]
Market forces like rising freelance numbers (projected to hit 50% of the workforce in key regions) and demand for affordable SaaS over legacy tools favor Zervant, reducing errors in manual processes by up to 90% via automation.[6] It influences the ecosystem by empowering non-finance experts in creative and service sectors, fostering efficiency that lets owners focus on core work rather than admin.
Zervant is poised for expansion through AI-enhanced features like predictive cash flow or smarter automation, capitalizing on SMB digitization trends amid economic volatility. Integrations with emerging fintech (e.g., payments, CRM) and global localization will drive adoption in underserved markets.
As remote entrepreneurship surges, Zervant's free-to-scale model positions it to capture more of the $100B+ invoicing software space, evolving from a niche tool to an essential backbone for digital-first businesses—streamlining finances so users can chase growth unburdened.[1][3]
Zervant has raised $15.6M in total across 4 funding rounds.
Zervant's investors include Jussi Sainiemi, Conor Venture Partners, Northzone, NFT Ventures.