Danish fintech Mazepay raises €4m to simplify B2B payments

Digital Banking

The startup aims to make B2B payments as simple as B2C transactions with “next-generation SaaS technology”.

Image source: Thomas Dragsbæk, Søren Aabel Hammer, Dan Kortegaard Nielsen/Mazepay.

Danish fintech platform Mazepay has raised €4m in a growth round led by Scale Capital.

The startup, which simplifies B2B payments to make them “as simple as B2C transactions”, plans to use the funds to expand further across Europe.

Founded in Denmark in 2018 by CEO Søren Aabel Hammer, COO Dan Kortegaard Nielsen, and CTO Thomas Dragsbæk, the company got its pan-European payments institute licence from the Danish Financial Supervisory Authority last year and now operates in 21 countries.

According to Mazepay it is modernising archaic B2B payments processes, with “next-generation SaaS technology” that automates financial transactions.

“With the increased uncertainty that many businesses are facing, and the ever-growing need to cut costs, create transparency of spend, and reduce risk, our solution has never been more important,” Hammer said.


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