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Mazepay logo — Procurement is demanding. Demand smarter software.

Mazepay

Procurement is demanding. Demand smarter software.

Founded 2018 Denmark Denmark 25 employees Total: $7.25M

General Information

Company Name Mazepay
Founded Year 2018
Location Denmark Denmark
Founders / Decision Makers
Team member Team member
Employees 25
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Service Fee
Social

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About Mazepay

Mazepay, with the slogan "Procurement is demanding. Demand smarter software," is addressing the complexities of the procurement process with intelligent software solutions. Founded in 2018 and headquartered in Denmark, the company’s mission is to redefine how large enterprises handle indirect procurement and B2B payments, emphasizing efficiency and cost-saving.

By partnering with leading European banks and Mastercard, Mazepay introduces cutting-edge technology aimed at streamlining B2B payments, significantly enhancing procurement processes for both buyers and suppliers. This reflects their core belief that procurement should drive business efficiency, facilitate growth, and ensure financial stability.

The company recently secured a €1.75M Early VC investment led by Vendep Capital on 01 August 2024. With offices in Aarhus, Copenhagen, and Novi Sad, Mazepay is strategically positioned to scale its innovative solutions across Europe, offering investors a promising opportunity in the procurement technology space.

Business keywords: procurement solutions, B2B payments, indirect procurement, enterprise software, payment integration, spend management, accounts payable, process optimization, cloud-based solutions, long-tail procurement, transaction efficiency, supplier relationships, instant card issuing, collaboration with banks

Services & Products

online payments
subscription management
invoice management
supplier management
custom workflows
audit and controlling
data reporting and integration

Target Customers

finance teams procurement teams enterprise companies IT departments marketing teams

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Early VC €1.75M 1
Vendep Capital
Vendep Capital
01 Aug 2024
Early VC €4.00M 3
Outward VC Scale Capital
Outward VC, Scale Capital +1
01 Feb 2023
Seed €1.50M 1
Outward VC
Outward VC
01 May 2021

Mazepay Alternatives & Competitors

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Mazepay vs
Nvoicepay, a FLEETCOR Company
Nvoicepay, a FLEETCOR Company United States

Nvoicepay streamlines the way companies pay their accounts payable invoices through electronic payme...

Venture round
72 employees
B2B, Financial Services
Compare Mazepay vs Nvoicepay, a FLEETCOR Company
Mazepay vs
ApprovalMax
ApprovalMax United Kingdom

Robust financial controls made easy

127 employees
Enterprise Software, Financial Services
Compare Mazepay vs ApprovalMax
Mazepay vs
Tipalti
Tipalti United States

The AI-powered platform for finance automation

Growth
1094 employees
Financial Services, Fintech
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FAQ About Mazepay

Procurement is demanding. Demand smarter software.
Mazepay was founded in 2018.
Mazepay is headquartered in Denmark.
Mazepay has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Mazepay has approximately 25 employees.
Mazepay has completed 3 funding rounds, raising a total of $7.25M.
Mazepay offers: online payments, subscription management, invoice management, supplier management, custom workflows, audit and controlling, data reporting and integration.
Top alternatives and competitors to Mazepay include Nvoicepay, a FLEETCOR Company, ApprovalMax, Tipalti, MechSoft Türkiye, Kamino. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Mazepay and Nvoicepay, a FLEETCOR Company are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Mazepay, https://bouncewatch.com/company/mazepay, updated 10 April 2026. When citing, please name BounceWatch and link this page.

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