Mazepay receives new capital injection: “Perfectly positioned to lead the transformation in B2B spend management”

Rasmus Hørving-Mulberg
September 2, 2024

Rasmus Hørving-Mulberg

@Rasmus

This post is also available in: Danish

Vendep Capital has announced a DKK 13 million investment in the Aarhus-based B2B spend management solution Mazepay. Mazepay offers a SaaS platform that optimizes B2B spend management for medium and large companies.

Designed to streamline financial transactions between companies, Mazepay’s platform offers an automated solution already used by large companies such as Polestar, Ørsted, Advania, Better Collective, Configit and Sweco, and partners with financial giants like AirPlus International, Nordea and SEB Kort.

Focus on growth and expansion

Alongside their focus on large enterprises, Mazepay has expanded their target audience to include small and medium-sized businesses in collaboration with banking partners.

“We have recently expanded our focus to offer the Mazepay solution to small and medium-sized businesses, which requires a deeper understanding and expertise in delivering SaaS solutions to the SME segment. Vendep Capital brings invaluable experience to the table in this regard,” says Dan Kortegaard Nielsen, COO and co-founder of Mazepay, in a press release on Vendep Capital’s website.

With the new capital injection from Vendep Capital, Mazepay aims to expand their commercial muscle to accelerate growth in both Europe and North America.

“Mazepay is perfectly positioned to lead the transformation in B2B spend management. Their SaaS solution delivers significant value and makes a tangible difference to the businesses they serve,” said Jupe Arala, General Partner at Vendep Capital in the press release.