Payment and invoice management system for global corporations.

Exit Year	Multiple	IRR
2022	x 1.4	24.4%

Buyer
TA Associates, Name 2

Mazepay is a long-tail spend management platform that helps enterprises and their employees to manage all indirect spend in an easy way within a trusted and compliant global ecosystem.

Status	Founded	HQ
Active	2018	Denmark

Investment	Vertical	Theme
2022	FinTech	Future of Work

Co-Investors
Name 1 Name 2

Why did we invest in Mazepay?

Mazepays founder-team has years of industry knowledge and experience in enterprise sales, having worked at IBM, Sailpoint and Sun Microsystems. Their unique go-to-market strategy keeps customer acquisition costs exceptionally low while being able to capture very large transaction volumes.

In having a partnership with SEB Kort, Nordea and AirPlus, Mazepay leverages existing customer relationships, their partners can offer a product that solves real problems for their corporate customers without making big capital investments and the customers gains control over their indirect spend while making spending easier for their employees.

“Mazepay solves a key issue for every large company – handling internal spending. With the founders’ strong industry experience, unique go-to-market model, and key strategic partnerships, we believe they are well-positioned to become the de facto market standard for handling long-tail spend.”

Terkel Douglas
Associate @ Scale Capital

What does Mazepay do?

Mazepay makes non-strategic procurement immensely easy for both buyers and suppliers. They enable large enterprises to improve their cash flow and realize massive annual savings on non-strategic procurement.

The tool features automated supplier onboarding, invoice management, cash flow management and is made in partnership with Mastercard in order to simplify B2B purchases, payments, and compliance through business cards. With Mazepays solution, corporates can simplify their payments via virtual cards and ensure transparency, compliance, and efficiency when it comes to long-tail spend.