ZTL
- Company typePrivate
- Founded2018
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
ZTL firmographics
Firmographics- Name
- ZTL
- Legal name
- ZTL Payment Solution AS
- Website
- https://ztlpay.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
ZTL industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Custom Computer Programming Services (541511)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where ZTL is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
ZTL business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction Fees: Revenue from transaction processing fees on domestic and international payments. While ZTL markets '0 EUR transaction fees' for certain services, they charge for FX-related transactions and international payments with FX markups.
- FX Markup Revenue: Revenue generated from foreign exchange markups on cross-border transactions. ZTL charges less than 0.5% FX markup compared to traditional banks' ~1% markup, passing cost savings to customers while generating revenue.
- API/Platform Licensing: Revenue from providing modular API access to payment infrastructure for ERP and accounting platform partners. Partners integrate ZTL's APIs to offer embedded payment capabilities to their end customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | FX rates with transparent pricing |
| Transaction based/ take rate | Pay-as-you-go | International payment services |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
ZTL product offering
Product offeringCore offering
ZTL provides modular PSD2 Open Banking APIs that enable ERP, accounting, payroll and business software platforms to embed domestic, salary and international payment capabilities directly into their products. Through a single API integration, partners gain multi-bank aggregation, real-time FX rates, automated reconciliation and KYC/AML compliance, with the platform regulated by the Norwegian Financial Supervisory Authority.
Product overview
ZTL is a B2B PayTech company providing modular API building blocks for system owners to build top-notch payment solutions. The product portfolio consists of the core Payment Solution platform (offering domestic, salary, and international payments), the Open Banking module (providing Account Information Services and Payment Initiation Services under PSD2), and the FX API module (enabling real-time FX rates and currency exchange for cross-border transactions). These products are designed for seamless ERP and accounting system integration, allowing partners to embed financial services directly into their platforms. The solution is regulated by the Norwegian Financial Supervisory Authority (FSA) and operates across Norway, Sweden, and Denmark.
Differentiator
Problem solved
Functional benefit
Products and services
- Open Banking PSD2-compliant API services enabling Account Information Services (AIS) and Payment Initiation Services (PIS) with multi-bank aggregation, real-time financial data, regulatory compliance (PSD2, GDPR, DORA), fraud prevention and seamless integration with ERP and accounting systems. Targeted at ERP, accounting and business software providers embedding payment capabilities.
- FX API Foreign exchange API providing live and transparent FX rates for cross-border payments without pre-funding or hidden fees, supporting 40+ currencies with rate locking, forward maturity dates and up to 50% cost savings compared to traditional banks. Used by software partners and businesses processing cross-border payments.
- Payment Solution Modular API platform for building exhaustive payment solutions covering domestic (account-to-account) payments, salary payments and international payments through a single PSD2 Open Banking API integration that accesses multiple banks. Regulated by the Norwegian FSA and targeted at ERP, accounting, payroll and business software platforms.
- ZTL Direct Online self-service platform for international payments offering total transparency, real-time exchange rates, zero transaction fees, no pre-financing required, and no hidden fees, covered by strict financial regulations. Enables businesses and entrepreneurs to view exact costs of cross-border transactions.
Quantifiable outcome
- Up to 50% cost reduction on international payments compared to traditional banks
- +3 more outcomes
Companies that use ZTL
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
ZTL technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature5 records
ZTL partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- e-conomiccoreZTL and e-conomic announced partnership to integrate domestic and international payments directly into the e-conomic accounting platform. Businesses using e-conomic can initiate and manage payments seamlessly within their accounting system, simplifying financial operations and reducing manual processes. The integration connects accounting and payment functionality in one workflow, expected to be available later in 2026.
- NBX (Norwegian Block Exchange)minorCollaboration between NBX (one of the largest cryptocurrency trading platforms in the Nordics) and ZTL to simplify how users interact with digital assets and financial platforms. ZTL provides payment infrastructure enabling simplified payment flows, secure onboarding, and faster transaction handling.
- SannaminorZTL partnered with Sanna to support new disruptive solutions in accounting, ERP, and financial management platforms. The collaboration focuses on enabling modern financial infrastructure through embedded payments and Open Banking technology.
- TripletexcoreTripletex integrated ZTL's Open Banking payment solution to offer full-fledged payment capabilities directly within its accounting platform. Businesses can initiate and manage payments, connect bank accounts securely, and streamline financial workflows without relying on separate banking interfaces.
- SAP, Oracle NetSuite, Xero, QuickBooks, Microsoft DynamicscoreZTL's Open Banking APIs seamlessly integrate with major ERP and accounting systems including SAP, Oracle NetSuite, Xero, QuickBooks, and Microsoft Dynamics. This enables direct connection for financial data sync and workflow automation across these platforms.
- Nets (NAAS)coreZTL utilizes Nets Account Access Service (NAAS) as their background PSD2 provider for accessing bank APIs and payment initiation services across Norwegian and Scandinavian banks.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
ZTL competitors and assessment
Company assessmentDirect peers
- Tink: European Open Banking platform owned by Visa, providing PSD2-compliant AIS and PIS APIs to banks, fintechs, and ERPs. Direct competitor to ZTL's core payment-initiation and account-aggregation proposition, with broader pan-European coverage.
- TrueLayer: UK-headquartered Open Banking network providing account-to-account payments, variable recurring payments, and financial data APIs. Competes directly with ZTL on PIS infrastructure for merchants and software platforms across Europe.
- Trustly: Nordic-origin A2A payment network (now part of Nordic Capital/Nexi ownership) used by merchants and platforms for account-to-account bank payments. Overlaps with ZTL's bank-independent A2A and Open Banking payments positioning, especially across the Nordics.
- Token.io: Open Banking payments and account-data network built on PSD2 rails for merchants, PSPs, and corporates. Direct competitor to ZTL in providing bank-independent A2A payment-initiation APIs, with similar target customer base in ERP/accounting software.
- Brite Payments: European A2A instant payment network focused on pan-European Open Banking payments for merchants and platforms. Closely comparable to ZTL's account-to-account payment and FX capabilities, with overlap on cross-border and PSD2-driven flows.
Broad incumbents
- Plaid: Global financial-data connectivity platform (AIS) expanding into payments. Overlaps with ZTL on account aggregation and increasingly on payment initiation, but at vastly larger scale, with a broader fintech/platform customer base.
- Nets (Nexi Group): Nordic/European payments incumbent that operates Nets Account Access Service (NAAS) — the same PSD2 rail ZTL depends on. Comparable as a provider of multi-bank connectivity and payment infrastructure, and a potential competitor if it pushes further into embedded ERP payments.
- Klarna: Nordic-headquartered payments and embedded finance giant expanding into A2A bank payments alongside its BNPL business. Comparable as a Nordic-rooted, scale-driven embedded payments competitor with broader consumer reach than ZTL.
Emerging players
- Banked: UK-based Open Banking payments and account-data platform serving merchants and platforms via PSD2 APIs. Comparable emerging European PISP/AISP competitor with a similar modular, developer-first go-to-market approach.
- Auka (Septeni-owned): Nordic mobile payment and Open Banking platform offering PSD2-based payment and account-data services. Partial overlap with ZTL on AISP/PISP capabilities in the Nordics, with a comparable early-stage profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ZTL social profiles
Digital presenceZTL compliance and trust
Trust signalCompliance3 records
ZTL financial estimates
Financial estimateRevenue estimate
Valuation estimate
ZTL leadership team
Management profileNumber of profiles
Profiles6 records
ZTL funding detail
Funding detailFunding overview
Funding rounds12 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ZTL M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ZTL
What does ZTL do?
ZTL provides modular PSD2 Open Banking APIs that enable ERP, accounting, payroll and business software platforms to embed domestic, salary and international payment capabilities directly into their products. Through a single API integration, partners gain multi-bank aggregation, real-time FX rates, automated reconciliation and KYC/AML compliance, with the platform regulated by the Norwegian Financial Supervisory Authority.
Is ZTL a public or private company?
ZTL is a private company. It is classified as venture growth investor backed and is currently operating.
When was ZTL founded?
ZTL was founded in 2018. It employs 11 to 50 people.
Where is ZTL based?
ZTL is headquartered in Oslo, Norway, in the Europe region.
How does ZTL make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are FX Markup Revenue and API/Platform Licensing.
Who are ZTL's main competitors?
Direct peers on record are Tink, TrueLayer, Trustly, Token.io and Brite Payments. Broad incumbents are Plaid, Nets (Nexi Group) and Klarna. Emerging players are Banked and Auka (Septeni-owned).
Does ZTL have an API?
Yes. ZTL offers a modular REST API under PSD2 Open Banking/Open Finance standard. The API supports multiple functionality areas: Consent management (manages end-customer consent via BankID SCA), Onboarding (organization onboarding with webhook notifications), Payments (domestic and international invoice payments with PAIN XML format), Account Information Services (AIS) - accessing account balances and transaction history, and Payroll (salary payments in NOK). API uses OAuth 2.0 client credentials flow with Bearer token authentication. Sandbox and Production environments available with separate endpoints. Supports standardized API structures including Berlin Group and UK Open Banking specifications. Cross-border capabilities across multiple EU markets. Developer documentation is at docs.ztlpay.io.
What industry is ZTL in?
ZTL's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAMAFAB, A2A Payment Initiation Service Providers (PISPs). Its NAICS code is 522320 and its SIC code is 6199.