Finnish fintech startup ZenTreasury raises seed funding

Helsinki, Finland, August 10, 2017 – ZenTreasury, the cloud based Treasury Management System (TMS) provider, announced today an undisclosed seed funding from angel investors Hanna Kahanpää and Ville Ojanen, both will be joining the ZenTreasury board as part of the investment. The company plans to use the funding for hiring and continued product development.

ZenTreasury’s TMS is built for CFOs, Corporate Treasurers, and financial professionals to optimize visibility, improve financial controls, and increase operational productivity across their organizations liquidity and cash, trade finance and risk management operations. One year after launch, the company is already serving medium and large domestic corporations and attracting interest from companies around the world who are looking for a cloud-based, easy-to-use TMS. ZenTreasury was founded in Helsinki, Finland in 2016 by Lars Nevalainen.

ZenTreasury Founder and CEO Lars Nevalainen says, “ZenTreasury was born out of my own frustration working with traditional TMS's. I wanted to create a TMS that’s quick and easy to implement, has the functionalities of a state-of-the-art TMS and most of all is intuitive and easy to use. With the help of modern technologies we are able to provide a cost effective alternative to companies who do not want to commit the time, resources and manpower required to implement a traditional TMS. That's the purpose of ZenTreasury - to provide a TMS that makes it possible for companies of all sizes to run an efficient treasury operation.”

“I'm excited to invest in a company with such huge growth potential. ZenTreasury has quickly found product/market fit and has the technology to scale - the perfect formula for any investor,” said Hanna Kahanpää, who has over 20 years of experience in the IT and telecom industry and is acting as business angel in several companies.

“From a Treasury professionals point of view, what impressed me the most with ZenTreasury TMS was the simplicity and exemplary user experience. Even thought financial instruments can be complex and hard to understand, ZenTreasury has managed to take the complexity out and lowered the entry barrier for smaller companies to implement an affordable TMS,” said Ville Ojanen, who has over 8 years of Treasury experience with multi-national corporations.

About ZenTreasury

ZenTreasury is a cloud based Treasury Management System (TMS) provider. Its TMS is built for CFOs, Corporate Treasurers, and financial professionals, to optimize visibility, improve financial controls, and increase operational productivity across their organizations liquidity and cash, trade finance and risk management operations. ZenTreasury was founded in Helsinki, Finland in 2016 by Lars Nevalainen.

For further information, please contact: [email protected]