ZTLment - About the company
ZTLment is a seed company based in Copenhagen (Denmark), founded in 2020 by Jason Spasovski and Mads Stolberg Larsen. It operates as a Smart contract-enabled payment solutions for cross-border trades. ZTLment has raised $4.68M in funding from investors like PreSeed Ventures, Giant Ventures and Upfin, with a current valuation of $*****. The company has 50 active competitors, including 10 funded and 14 that have exited. Its top competitors include companies like PayU, Flutterwave and Viva.
Company Details
Smart contract-enabled payment solutions for cross-border trades. It provides solutions for invoicing and accounting processes. It features automated payments with a digital signature on the order.
Key Metrics
Founded Year
2020
Location
Copenhagen, Denmark
Stage
Seed
Total Funding
$4.68M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jul 16, 2022
Investors
Ranked
17th among 50 active competitors
Employee Count
12 as on Mar 31, 2026
Legal entities associated with ZTLment
ZTLment is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ZTLment ApS CIN: 41801298 , Denmark, Active | Oct 27, 2020 | - | 7 (As on Nov 30, 2024) |
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ZTLment's funding and investors
ZTLment has raised a total funding of $4.68M over 3 rounds. Its first funding round was on Jul 16, 2022. Its latest funding round was a Seed round on May 28, 2024 for $*****. 3 investors participated in its latest round. ZTLment has 5 institutional investors.
Here is the list of recent funding rounds of ZTLment:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 28, 2024 | 2888312 | Seed | 7988641 | 9689857 | 1779315 | 7234552 |
Oct 13, 2023 | 7670864 | Seed | 1117768 | 9785475 | 5871623 | 3490362 |
Jul 16, 2022 | 5714610 | Seed | 3704172 | 4917610 | 1005489 | 6060335 |
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ZTLment's founders and board of directors
Founder? Claim ProfileThe founders of ZTLment are Jason Spasovski and Mads Stolberg Larsen.
Here are the details of ZTLment's key team members:
- Jason Spasovski: Co-Founder of ZTLment and founder of 1 other company. They serve on the board of 1 company.
- Mads Stolberg Larsen: Co-Founder of ZTLment. They serve on the board of 1 company.
ZTLment's Board of Directors
ZTLment's board has 2 active members. Jason Spasovski and Mads Stolberg Larsen are part of team.Here is the list of ZTLment's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 5m | |
Team | - | Current | 4y 7m |
View details of ZTLment's Founder profiles and Board Members
ZTLment's employee count trend
ZTLment has 12 employees as of Mar 26. Here is ZTLment's employee count trend over the years:
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ZTLment's Competitors and alternates
Top competitors of ZTLment include PayU, Flutterwave and Viva. Here is the list of Top 10 competitors of ZTLment, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PayU 2002, Amsterdam (Netherlands), Funding Raised | Provider of online payment solutions and financial services for businesses | - | 84/100 | |
2nd |  Flutterwave 2016, San Francisco (United States), Series E | Provider of payment solutions for online and physical business transactions | $489M | 83/100 | |
3rd | Diversified payment processing solution for businesses | $98.3M | 72/100 | ||
4th | Cross-border money transfers for businesses and individuals | $5M | 66/100 | ||
5th | First Data 1971, Atlanta (United States), Acquired | Payments processing service provider | - | 63/100 | |
6th | Provider of payment processing solutions for merchants and financial institutions | - | 61/100 | ||
7th | Cleeng 2011, Amsterdam (Netherlands), Series B | Provider of subscriber management system | $7.55M | 58/100 | |
8th | Automated payment collection solution | - | 58/100 | ||
9th | Equiniti 2002, Lancing (United Kingdom), Acquired | Provider of financial technology and payment processing solutions | - | 58/100 | |
10th | UnionPay Intl 2012, Shanghai (China), Funding Raised | Operator of payment network facilitating card and mobile-based transactions | - | 57/100 | |
17th | Smart contract-enabled payment solutions for cross-border trades | $4.68M | 39/100 |
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ZTLment's Investments and acquisitions
ZTLment has made no investments or acquisitions yet.
Reports related to ZTLment
Here is the latest report on ZTLment's sector:
News related to ZTLment
•
Copenhagen-based ZTLment secures €2.4 million to replace outdated banking infrastructuresEU-Startups•May 28, 2024•ZTLment, PSV Deeptech, Upfin, Giant Ventures and 2 others
•
•
KPI OceanConnect, Deloitte and ZTLment partnerAmerican Journal of Transportation•Jul 07, 2023•KPI OceanConnect, Deloitte, ZTLment
•
ZTLment Reportedly Becomes Europe’s First Payments Institution Built on BlockchainCrowdfund Insider•Oct 25, 2022•ZTLment
•
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