ZTL raised almost NOk 20 million from existing shareholders.

ZTL Payment Solution, an Oslo, Norway-based provider of a B2B software solution for payment processing, increased the capital with NOK 20 million ($2.3M).

The money was provided by existing investors, including Wilhelmsen, Altitude Capital and Ronja Capital.

ZTL Payment Solution was founded in 2018 by CEO Andreas Bjerke and Stein Gulbrandsen, developed a B2B payment platform as an alternative to the banks Transactional Banking Services and their domain on corporate payments and remittances. The solution can be integrated into ERP systems, banks and other FinTech’s via an API providing a customized payment solution.