← State of Embedded Finance 2026

Ageras

Can a European SMB platform unify banking, accounting, tax, and financing into one product for the 300,000+ underserved small businesses across multiple countries?

HQCopenhagen, Denmark
FoundersMartin Hegelund
IndustryVertical SaaS / SMB Finance
The story

Ageras began as a Copenhagen-based marketplace matching SMEs with accountants and has evolved into an integrated SMB platform combining banking, accounting, tax filing, invoicing (via Zervant), and financing. The company has acquired/operates multiple regional brands including Zervant (Finland), Tellow/Shine, and serves 300,000+ SMEs across Europe, increasingly positioning itself as a unified financial OS for small businesses.

Last 12 months
2023-11
2024-10
Product timeline
2023
Strategic partnership with Froda Embedded to provide SME financing across Europe· lending
2024
Zervant Instant Pay discontinued (October 15, 2024)· pivot
The stack
Payments / PSP
Stripe
Lending
FrodaAgeras FinancingZervant Instant Pay (discontinued Oct 2024)
Open banking
TinkEnable Banking
Accounting gap: none