Danish fintech startup, ZTLment, is making waves in the financial technology sector with its pioneering approach to compliant wallet infrastructure.
Founded in Copenhagen, ZTLment has secured €2.4 million in a pre-seed funding round, marking a significant milestone in its journey to revolutionize European payments.
The funding round was led by investors PreSeed Ventures, Upfin, Giant Ventures, and strong business angels. This substantial investment underscores the confidence these stakeholders have in ZTLment’s innovative solutions and its potential to reshape the financial landscape.
ZTLment’s core mission revolves around eliminating the reliance on outdated banking infrastructures. The company aims to simplify programmable and peer-to-peer payments, paving the way for a more efficient and transparent financial ecosystem. By leveraging decentralized rails, ZTLment has become the first in Europe to facilitate fiat money transfers while ensuring compliance with Europe’s open banking law.
According to Mads Stolberg-Mathieu, CEO, and co-founder of ZTLment, the company’s approach signifies a paradigm shift in payment operations. Stolberg-Mathieu explains, “We are seeing a transition, where payment operations become so important for the platform user experience that it is carved out of the finance function and handed over to the product team.”
ZTLment’s innovative solutions address various challenges faced by ordering and booking platforms, including fund flow automation, payment transparency enhancement, and regulatory adherence maintenance. Moreover, the company’s Compliant Wallet Infrastructure empowers platform customers with unlimited wallets, streamlining payments without technical or regulatory complexities.
The funding infusion will enable ZTLment to further enhance its product offerings and accelerate its market penetration. With an upcoming product launch on the horizon, ZTLment is poised to redefine the landscape of European payments, catering to the evolving needs of businesses and consumers alike.
In a final statement, Stolberg-Mathieu emphasizes ZTLment’s commitment to redefining financial transactions, stating, “We are not trying to make interbank transactions slightly better. We are seeking to make them redundant.”
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