ZenTreasury Among Cloud Top 500

Otakaari 5

Espoo, x, 2150, Finland

358 9 424 68300



ZenTreasury Strengths, Domain Expertise, and Key Differentiators

ZenTreasury is a modern lightweight finance platform for treasury and lease management. ZenTreasury helps enterprises around the world by providing practical solutions to complex financial problems.ZenTreasury was founded in Helsinki, Finland in 2016.

ZenTreasury Recent Developments

In 2020 ZenTreasury launched LeaseAccounting.app. A self-service SaaS solution that helps SMEs and Midcaps to manage lease agreements under IFRS-16. With LeaseAccounting.app, ZenTreasury will be able to provide companies of all sizes with a cost affordable way to achieve IFRS 16 compliance.

According to Ville Ojanen, ZenTreasury investor, and board member, the new lease accounting standard changed the way to account for leases for companies around the world. This system fits all kinds of companies from all industries. After this, there is no point in using excel spreadsheets anymore for lease accounting.

In August 2019, ZenTreasury In addition to strong domestic demand for Treasury and Leasing IFRS-16 software, saw their geographic expansion continue with new customers from Netherlands, South Africa and United Kingdom.

In August 2017, ZenTreasury, announced an undisclosed seed funding from angel investors Hanna Kahan and Ville Ojanen, both will be joining the ZenTreasury board as part of the investment. The company plans to use the funding for hiring and continued product development

ZenTreasury Mergers and Acquisitions (M&A) Activities

In January 2016, private equity firm Capzanine has acquired 25% minority stake of the company, to support the development of Finance Active by leveraging its extensive expertise in technology and SaaS, by strengthening its governance model, by identifying growth opportunities and by transforming the company business model from "Software as a Service" to "Platform as a Service".

ZenTreasury Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ZenTreasury applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ZenTreasury and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ZenTreasury IFRS 16 - Leases, ZenTreasury TMS customers.

ZenTreasury Key Enterprise and Cloud Applications

ZenTreasury IFRS 16 - Leases, ZenTreasury TMS

ZenTreasury Revenues, $M:

Type/Year20202021YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

ZenTreasury Revenue Breakdown By Type, $M:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

ZenTreasury Revenues By Region, $M

Region% of Total Revenues2021 Total Revenues, $M2021 Enterprise Applications Revenues, $M2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

ZenTreasury Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

ZenTreasury Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified ZenTreasury Customers

No. of ZenTreasury Customers: 40

No. of ZenTreasury Enterprise Applications Customers: 40

No. of ZenTreasury Cloud Customers: x

No. of ZenTreasury Cloud Subscribers: x

Some of the Nordic's leading companies use ZenTreasury are: Altia, Aspocomp, Consti, Digitalist, Elecster, Finnair, Fortaco, Honka, Rapala, Tornator, SinterCast, valmet Automotive, Accord, BearingPoint, Adapteo Lindstrom and many others.

ZenTreasury Market Opportunities, M&A and Geo Expansions

In May 2018, ZenTreasury launched a new website with new guarantees module and a white-label partnership program. With the new guarantees module customers can manage the execution of corporate and bank guarantees and enhance guarantee risk management with real time monitoring dashboards. The new white-label partnership program is for banks and financial service companies interested in providing a SaaS TMS for their own clients under their own brand. As a ZenTreasury white-label partner, you get a complete copy of our TMS platform with client accounts under your own brand and custom domain.

ZenTreasury Risks and Challenges

ZenTreasury has yet to improve its presence in other countries other than Finland.

ZenTreasury Ecosystem, Partners, Resellers and SI

ZenTreasury does mostly direct sales.

ZenTreasury Cloud Infrastructure Insights

Subscribe to read more about:

  • ZenTreasury Public Cloud and Infrastructure (IaaS)
  • ZenTreasury Platform (PaaS)
  • ZenTreasury Application Delivery
  • ZenTreasury Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:

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