Finnish fintech Zevoy secures €15M from Blossom Capital

Finnish fintech startup Zevoy has just raised a €15 million Series A investment for its expense management tool. Blossom Capital led the round, EU-Startups reports.

• Founded in 2020 by Christoffer Rosqvist and Joakim Lundborg, Zevoy offers an expense management solution that links smart payment cards to efficient software. It is aimed to save companies time and money, as well as improve employee satisfaction.
• Blossom Capital is an English Series A venture capital firm that invests in European founders building global businesses. Other investors include Maki.vc and Brightly Ventures.

“By offering credit and prepaid debit, as well as an easy-to-use and intuitive expense management system, Zevoy can serve any business. We’re excited to support the team in turning their vision into a reality,”

Ophelia Brown from Blossom Capital comments on the investment.

• Earlier in 2021, Zevoy raised €3.8 million during a funding round from Brightly Ventures and Maki.vc, according to Crunchbase.
• With the fresh funding, Zevoy wants to bring its new-generation offering across Europe, with plans to launch in eight new markets during Q2 of 2022. The company also expects to secure a Credit Institution license in 2022 in addition to the gained Visa Principal Membership.