What Zervant does

Zervant (now marketed as Zervant by Shine) is a cloud-based invoicing software-as-a-service platform originally founded in Finland in 2010 and now operating as a subsidiary of the Ageras Group. The platform targets sole traders, freelancers, contractors, and small businesses across seven European markets (UK, Germany, France, Finland, Sweden, Netherlands, Belgium) with localized language versions and jurisdiction-specific compliance features. Core functionality includes invoice and estimate creation, automated recurring invoices, invoice status tracking, overdue notifications, quotes-to-invoice conversion, multi-currency invoicing, e-invoicing in XRechnung, Peppol, and Zugferd formats, time tracking with reporting, and online card payments powered by Stripe.

The product is built as a self-serve, product-led platform accessible via web and mobile apps (iOS and Android), with OAuth sign-in through Apple and Google. The technology stack emphasizes ease of use over depth: the company explicitly markets an interface that "doesn't require lessons" and invoice creation in under 60 seconds. Zervant supplements its core software with a large library of free downloadable business templates (cash flow, income statement, mileage log, VAT calculator, business plan, employment contract, fire risk assessment) that serve as a top-of-funnel SEO and content marketing engine.

Zervant's commercial model is freemium at the top with three monetization layers below: (1) a free tier covering up to five customers with unlimited invoices, used as a customer acquisition tool; (2) monthly subscription premium plans unlocking e-invoicing, time tracking, postal invoicing, automated payment reminders, and similar advanced features; and (3) a transaction-based fee of 1.9% plus €0.25 on online card payments for European cards (3.75% plus €0.25 for non-European cards), charged only when payers use the card acceptance flow. Distribution is entirely self-serve with no sales force, supported by content marketing, free templates, organic social, and PR coverage. In October 2025 the product was rebranded to Zervant by Shine to align with Ageras's broader Shine financial platform, signaling deeper integration with parent-company accounting, banking, and tax products.

Name

Zervant

Legal name

Zervant

Website

https://zervant.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Zervant (by Shine) is a European cloud-based invoicing SaaS platform serving sole traders, freelancers, and small businesses across seven countries, offering freemium invoicing, e-invoicing, multi-currency support, and Stripe-powered card acceptance as part of the Ageras Shine financial platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Freemium Core Product: Free tier for up to 5 customers with unlimited invoices, providing the core product at no cost to drive adoption
2. Premium Subscription Plans: Premium plans offering advanced features including time tracking, e-invoicing, postal invoicing, payment reminders and more
3. Online Payment Transaction Fees: Transaction fee of 1.9% of invoice value plus €0.25 flat fee for cards issued in Europe (3.75% + €0.25 for non-European cards). Only charged when customer pays online.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Zervant provides cloud-based invoicing software that enables sole traders, freelancers, and small businesses to create, send, and manage estimates and invoices online. The platform is free for up to 5 customers with unlimited invoices, and premium subscription plans add e-invoicing (XRechnung, Peppol, Zugferd), time tracking, automated payment reminders, multi-currency support, and Stripe-powered online card payments. Companion mobile apps for iOS and Android plus a library of free business templates extend the offering.

Product overview

Zervant (now Zervant by Shine) is a cloud-based invoicing and financial management platform designed for sole traders and small businesses. The core offering consists of free invoicing software for up to 5 customers, with premium subscription plans adding e-invoicing, time tracking, payment reminders, and online payment acceptance. The platform also provides a comprehensive suite of free downloadable business templates including invoice templates, financial statement templates (income statement, cash flow statement), business planning tools, and compliance templates (employment contracts, fire risk assessments, business continuity plans). The product ecosystem integrates with Stripe for online payments and Wise for international currency exchange, with OAuth sign-in support via Apple and Google accounts. Zervant operates as part of the Ageras Group and is available across web, mobile (iOS/Android), and multiple European language markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Zervant Free Invoicing Software Core cloud-based invoicing platform that enables sole traders, freelancers, and small businesses to create, manage, and send estimates and invoices online. Free for up to 5 customers with unlimited invoices, customer database, product database, and basic reporting.
• Free Invoice Generator Standalone online tool that allows users to generate PDF invoices without creating an account, suitable for small business owners needing a quick, no-sign-up invoice.
• Zervant Free Mobile Invoicing App Free native invoicing app for iOS and Android that lets users create and send invoices from a mobile device, included with any Zervant subscription.
• Free Invoice Templates Free downloadable invoice templates in Microsoft Word, Excel, and PDF formats, including VAT and non-VAT variants with multiple design options (Modern, Dark Blue, Red, Basic, Simple).

Quantifiable outcome

• Create invoices in under 60 seconds
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Wise (formerly TransferWise)coreTechnology or Integration · 9 November 2017Integration with Wise borderless accounts allows Zervant users to receive international payments in Euros, US Dollars, or Australian Dollars at mid-market exchange rates, ideal for businesses exporting products or services abroad.
• StripecoreTechnology or IntegrationStripe powers Zervant's online payment processing, enabling customers to pay invoices via credit or debit card directly from the invoice. Payments are transferred to the business bank account within seven business days.
• AgerasflagshipStrategic or Co-development PartnerZervant is part of Ageras, a leading provider of accounting, banking and tax software. Ageras provides the parent company infrastructure and cross-sells Zervant invoicing to its accounting software customers.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• FreshBooks: Cloud invoicing and accounting SaaS targeted at freelancers, self-employed professionals and small service businesses. Closely comparable to Zervant on product (invoicing, estimates, time tracking) and on SMB/freelancer target customer, with a similar subscription model.
• Wave Accounting: Free + paid invoicing and accounting platform for small businesses, sole proprietors and freelancers. Directly comparable freemium-led GTM motion and SMB/freelancer ICP to Zervant, including double-entry accounting add-ons.
• SumUp Invoices: European SMB payments and invoicing product from SumUp. Directly comparable on European SMB ICP, free invoicing tier and integrated payment processing, with strong overlap in UK, Germany, France and the Nordics.
• Bonsai (now part of HubSpot): Freelancer-focused all-in-one tool with invoicing, contracts, time tracking and accounting. Directly comparable on freelancer/sole-trader ICP and on invoicing-plus-time-tracking feature set.

Broad incumbents

• QuickBooks Self-Employed (Intuit): Intuit's SMB-targeted invoicing and expense tracking product. Comparable on invoicing functionality and sole-trader ICP, but bundled into the larger Intuit ecosystem (tax, accounting, payments), giving it broader portfolio reach than Zervant.
• Square Invoices (Block): Block's free online invoicing product tightly integrated with Square payments. Comparable on freemium invoicing plus payment processing take-rate, but anchored in a much broader payments and POS ecosystem.
• Xero: Cloud accounting platform with strong invoicing capabilities, especially in the UK, Australia and Europe. Comparable on multi-market SMB focus and e-invoicing roadmap, though Xero is a broader accounting suite rather than a focused invoicing tool.
• Sage Accounting: Established UK/European accounting and invoicing vendor serving SMBs. Comparable on European SMB focus and on invoicing + accounting workflow, though Sage sells a much broader portfolio of on-prem and cloud products.

Emerging players

• Stripe Invoicing: Stripe's hosted invoicing and recurring billing product. Comparable on online payment-led invoicing and developer/API orientation, and a meaningful threat given Zervant's reliance on Stripe for payments.
• AND CO (Fiverr Workspace): Freelancer business management suite with invoicing, contracts and time tracking. Comparable on freelancer ICP and invoicing-plus-time-tracking product surface, though distributed primarily through Fiverr's marketplace.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/zervant
• Facebookfacebook.com/zervant
• LinkedInlinkedin.com/company/zervant

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zervant