Finnish fin-tech company Zervant has been acquired by Ageras Group, hailing from Denmark. Zervant offers a cloud-based invoicing software to European micro businesses. Ageras is known for its “cockpit” that connects administrative tasks of business’.
With the services offered by Zervant small business owners and freelancers can manage their invoicing more easily. Tesi made its initial investment in the company in 2018, enabling the overall funding to begin with, and bringing in international risk capital and knowhow in Finland.
Zervant has seen strong growth globally and in Finland. The company has grown on an annual pace of 50% in recent years, also during the pandemic.
Press release by Zervant
Samppa Sirviö, Investment Manager, Tesi
+358 50 518 60 63
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 1.9 billion euros. www.tesi.fi | @TesiFII