Metzum

What Metzum does

Metzum is a Norwegian cloud-software company founded in 2020 that develops, delivers, and operates "Moment," a modular SaaS platform automating the full meter-to-cash process for the Nordic energy sector. Moment handles settlement, billing, customer service, accounts receivable, product building, market communications, and reporting for power suppliers, grid companies, district heating providers, broadband operators, and financial services firms. The platform is built on a Java, API-first, microservices architecture deployed on Microsoft Azure, and is integrated with Elhub (Norway), Elmarknadshandboken (Sweden), Nordpool, and roughly 25 Nordic banks, CRMs, ERPs, debt collectors, and communication providers. Metzum is the largest supplier of settlement solutions in the Norwegian power trading market, holds ISO 9001, ISO 27001, and Miljøfyrtårn certifications, and is system-approved in Norway, Sweden, and Finland.

Metzum generates revenue primarily through recurring SaaS subscriptions for the Moment platform, sold via a direct enterprise field-sales motion led by a dedicated Chief Sales Officer and supported by an annual "The Moment" industry conference in Bergen. Pricing is quote-based and not publicly disclosed. The company employs 30+ people across its Bergen headquarters and Stockholm-area office, including a Sweden country manager. In December 2024, Rieber & Søn acquired full ownership from Elmera Group at a 400 million NOK valuation, concluding a five-year partnership under which Elmera Group remains a key customer. Named customers include Fjordkraft, Wattn, Motkraft, Lyse, Glitre Nett, Elmea AS, and several smaller power and energy brands. Recent commercial milestones include first Swedish customers billed in spring 2024, first grid-company customers live in autumn 2024, and new grid/district-heating agreements with Elmea and Glitre Nett in March-April 2025.

Name

Metzum

Legal name

Metzum AS

Website

https://metzum.no

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Metzum is a Bergen-based Norwegian SaaS company founded in 2020 that operates "Moment," a cloud-native platform automating settlement, billing, accounts receivable, and market communications for Nordic power suppliers, grid companies, district heating providers, and broadband operators, with system approval in Norway, Sweden, and Finland.

Ownership category

akta.pro rank

Product category

Energy Billing and Settlement Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Customer Self-Service Portals & Digital Experience (Web/Mobile) (EUAJAHAK)

akta.pro secondary industry

Billing, Payments & Account Administration Centers (BPAAAAAF)

Keywords

• Energy billing software
• Settlement automation
• SaaS platform
• Meter-to-cash
• Utility billing

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Moment SaaS Subscription: Cloud-based SaaS solution for settlement and billing automation in the energy sector. Customers pay for access to the platform with various modules for settlement, billing, customer service, and accounts receivable.
2. Additional Market Services: Revenue from supporting additional markets including district heating, broadband, and financial services outside energy sector through the same platform.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Metzum develops and operates 'Moment', a cloud-based SaaS platform that automates the entire meter-to-cash process — settlement, billing, customer service, accounts receivable, and product management — primarily for power suppliers, grid companies, district heating providers, and broadband operators in the Nordic market. The platform handles end-to-end financial processes from market interaction through to final invoicing with API-first, modular microservices architecture.

Product overview

Metzum offers a modular SaaS platform called Moment that automates billing and settlement for the energy sector. The core Moment platform is complemented by a suite of functional modules: Customer Service, Market Communications (with Elhub and Nordic systems), Product Builder (for rapid product launches), Settlement, Billing, Accounts Receivable, Insight and Reports, Multibrand, and Global (Nordic markets). Moment handles the entire financial process from market interaction through to final invoicing for power/electricity suppliers, grid companies, district heating providers, broadband operators, and financial services companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Moment Cloud-based SaaS platform that automates billing and settlement for the energy sector, handling end-to-end processes from market interaction to invoicing. Built for power/electricity suppliers, grid companies, district heating providers, and broadband operators. Provides modules for settlement, billing, customer service, accounts receivable, product building, market communications, multi-brand management, and reporting.

Quantifiable outcome

• Reduced time from month-end to complete customer billing
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration26 records

Feature10 records

Partnerships

Three partnerships are on record, tiered core.

• ElhubcoreTechnology or IntegrationIntegration partner - central platform in Norway for handling and sharing data connected to electricity markets. The integration ensures automatic and efficient handling of processes related to electricity services including measured values and consumption data.
• NordpoolcoreTechnology or IntegrationIntegration with leading energy exchange in Nordic countries and Baltics. Ensures that energy prices for Nordic power markets are imported to Moment daily.
• ElmarknadshandbokencoreTechnology or IntegrationSwedish market standard for detailed information on Swedish energy markets. Integration ensures automatic handling of processes related to electricity services in Sweden.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Visma: Visma is a leading European provider of business software including ERP, financial management, and HR. It is an integration partner of Metzum but also a broad incumbent whose ERP suite competes for the back-office wallet share of Nordic utilities.
• Salesforce (Industries / Energy & Utilities Cloud): Salesforce's Industries cloud for Energy & Utilities and its Vlocity-rooted CIS capabilities compete for the front-office and customer engagement portion of the same utility stack Metzum addresses with Moment Customer Service and Multibrand.
• ION (OpenLink/Commodity): ION's OpenLink and commodity trading software suites serve energy trading, settlement, and risk across utilities and energy companies globally. Broad incumbent overlap with Metzum's settlement and market communication modules.
• Itron: Itron is a global utility-focused hardware and software company for metering, data management, and adjacent billing workflows. Comparable on the meter-to-cash journey, though it spans hardware and metering more broadly than Metzum.
• Tietoevry: Tietoevry is the largest Nordic IT services and software provider, with established utility-industry software and significant market share in Norway and Sweden. It competes with Metzum on broader IT/ERP suites while partnering on distribution; the closest broad incumbent in Metzum's home geography.

Emerging players

• Lime CRM: Lime CRM is a Nordic CRM platform specialized for utilities, with overlapping customer base to Metzum. It is an integration partner today but competes for utility CRM/billing-adjacent budgets; a credible emerging peer in the same Nordic utility software niche.
• EnergyHub: EnergyHub is a US-based software platform for utilities covering customer engagement, DER management, and billing-related workflows. Comparable as a SaaS-focused emerging player in adjacent utility customer-and-energy-management software.

Direct peers

• Hansen Technologies: Hansen Technologies is a global vendor of customer information systems (CIS) and billing software for utilities (electricity, gas, water). It is the most direct comparable to Metzum's Moment platform, serving similar power-supplier and grid-operator use cases with subscription-based software.
• Powel: Powel (Norway) provides software solutions for energy companies and grid operators across the Nordics, including settlement, metering, and grid operations. It is one of the closest direct Norwegian-headquartered peers in utility billing/settlement software.

Regional players

• Utsira (Statkraft-affiliated energy software): Utsira is a Norwegian energy-software group serving Nordic power producers, grid operators and energy companies with portfolio management, trading, and settlement software. Comparable as a Nordic-region-focused energy software peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metzum

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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 Metzum