Zevoy

Zevoy is a Finnish company offering a physical and virtual business expense card-issuing platform. The cards, along with the app and expense management dashboard (hub), also automate expense reconciliation and accounting processes, while providing insights into cost optimization. Zevoy offers both credit and prepaid options for its business cards - unlike the industry norm of offering only prepaid cards - and plans to secure a Credit Institution License within 2022.

The company charges its users on a subscription basis, starting at EUR 10 per user per month, with per use charges varying based on features such as the number of approvers, customized onboarding, and the ability to create and manage teams.

Key customers and partnerships

The company was reportedly adding over 100 new customers per month as of April 2022 and mainly targets companies with relatively high credit worthiness and profitability.

Zevoy is regulated and authorized by the Finnish Financial Supervisory Authority (FSA) and is a Visa Principal member. Moreover, the card issuing and payment processing infrastructure is provided by Enfuce .

Funding and financials

Zevoy raised EUR 15 million (USD 16.3 million) in Series A funding in April 2022, led by Blossom Capital, to invest in taking its platform beyond Finland by launching in eight new European markets in Q2 2022.