ApideckTapeMonthly recapMap
← Embedded Finance Index 2026

PANTHEON (Datalab)

“Can a long-established regional ERP keep its SMB base across SE Europe by digitising the back office (eInvoice, eDocumentation, cloud hosting) through local contractor partnerships rather than embedded fintech rails?”

Founded1997
HQLjubljana, Slovenia
FoundersAndrej Mertelj, Tomaž Teyrovsky
IndustryHorizontal SaaS / Accounting
Websitedatalab.eu ↗
The story

Founded in 1997 in Ljubljana after the bankruptcy of PC vendor Gekko, Datalab built HERMES and then its flagship PANTHEON ERP targeting SMEs across South-East Europe. Over 25+ years it has become the regional No. 1 ERP in its segment, selling through subsidiaries and partners in SI, HR, BiH, MK, RS, KS, AL, ME, BG. Its product footprint is classic ERP — accounting, payroll, inventory, retail/POS, manufacturing, vertical granules — with eBusiness add-ons (DMS, eInvoice, ePosting) delivered by third-party Slovenian contractors (ZZI, Algoritmik, Telekom Slovenije) rather than embedded fintech rails.

Last 12 months
2025-03
In the March 2025 recap →
Product timeline
1997
Datalab d.o.o. founded by Andrej Mertelj and Tomaž Teyrovsky as a business software developer for SMEs· pivot
2000
PANTHEON ERP platform built on the earlier HERMES transactional application· pivot
2025
Awarded ISO/IEC 27001:2022 certificate for information security management· pivot
The stack
0 layers disclosed in PANTHEON (Datalab)’s embedded-finance stack
Download stack image ↓Share on LinkedInIs this your stack? Suggest a correction
Accounting gap: none

PANTHEON (Datalab) — frequently asked

Who founded PANTHEON (Datalab)?

PANTHEON (Datalab) was founded by Andrej Mertelj and Tomaž Teyrovsky and is founded in 1997, headquartered in Ljubljana, Slovenia.

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against PANTHEON (Datalab) and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to PANTHEON (Datalab) and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.