# Mazepay A/S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mazepay-a-s

- Industry: Financial Services
- Headquarters: Aarhus C, Denmark
- Website: www.mazepay.com
- Total disclosed funding: $1.8M
- Latest round: Seed (May 24, 2021)
- Investors on record: 1

## About

Founded in 2018 by Dan Kortegaard Nielsen (COO), Søren Aabel Hammer (CEO), and Thomas Dragsbæk (CTO), and based in Aarhus C, Denmark, Mazepay A/S operates as a fintech company that provides payment and processing software that facilitates B2B (business-to-business) transactions. In February 2023, Mazepay A/S raised EUR 4 million in growth capital funding led by investor Scale Capital, with participation from Hambro Perks. The firm’s clients include Polestar, Sweco, Configit, Advania, B/S/H, and Orsted and some of the firm’s partners include Eurocard, AirPlus, Nordea, and Mastercard and other commercial banks and suppliers. As of February 2023, the firm offers services to customers in 21 countries across 5 continents and employs a team of 28 people. 

The company provides virtual cards that allow for one-time payments for employees as well as recurring payments for various subscriptions and suppliers. Furthermore, the company's platform integrates with a company's existing system to provide automated invoice management, spend management, and audit trailing and tracking.

The company intends to use the February 2023 funding to expand its business across Europe.

## Funding rounds

- Seed, May 24, 2021, $1.8M — Outward VC

## Investors

- Outward VC (https://capitalatlas.ai/funds/outward-vc) — Seed