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Ageras Group Acquires Europe’s Leading Invoicing Software Zervant

geras Group announced today that they acquired Zervant, the Finland-based leading invoicing software company, adding the product to its growing suite of small businesses software

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PHILADELPHIA, Sept. 07, 2021 (GLOBE NEWSWIRE) — Ageras Group, a group of companies backed by Investcorp Technology Partners (“ITP”) that offers a range of software solutions to small businesses; known for their online marketplace, helping business owners save time and money by comparing quotes from qualified accountants, announced today that it has acquired Zervant. The company was founded in 2010, and after rapid expansion across Europe, has grown to more than 700,000 registered users who leverage the Zervant software to run their business by issuing invoices, tracking payments and getting paid faster in an intuitive interface.

Long-time friends Mattias Hansson and Tuukka Koskinen founded Zervant because they saw a clear need in the market.

“While there is increased interest in starting small companies throughout Europe, too many fail simply because they don’t have their administration under control,” said Mattias Hansson, co-founder and CEO of Zervant. “Traditionally this has been a huge hassle, which has led to many failures. We wanted to change that by making sure business owners get paid through Zervant.”

Named the most promising fintech startup in the Nordics by Deloitte Digital and True Global Ventures, Zervant is serving the market of microbusinesses, which is expected to grow due to the increasing “freelancer economy.” According to Eurostat, there are 41 million microenterprises in Europe, and in the U.S. they account for 31% of all jobs. Issuing annually over two billion invoices in aggregate.

“We have identified a huge, increasing demand for services, like Zervant, to enable the launch and operation of a small company,” said Hansson. “The last few years we have grown more than 50% annually, even during the pandemic. And we are thrilled to have found a partner in Ageras that shares the same vision of growth for small business as we do.