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SOFTWARE (NON-INTERNET/MOBILE) | Accounting & Finance Software
zeitgold.com

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Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$56.48M

About Zeitgold

Zeitgold develops a mobile app designed for small businesses, allowing users to perform financial tasks such as booking and accounting.On August 4th, 2021, Zeitgold was acquired by Deel. Terms of the transaction were not disclosed.

Zeitgold Headquarter Location

GroBe Hamburger StraBe 17

Berlin, 10115,

Germany

030 311 98 555

Latest Zeitgold News

Deel, The Leading Platform For Global Hiring And Payments, Acquires Zeitgold To Strengthen Payroll & AI Offerings

Aug 5, 2021

Share This is Deel’s first acquisition since the company raised $156M Series C Deel , the market leader in the global payroll and compliance space, announced that it had joined forces with Zeitgold to fuel international growth and enhance the depth and breadth of its product offerings. This acquisition marks a significant milestone for Deel as the company continues to scale, adding thousands of customers as working and hiring practices continue to transform rapidly. Deel is adding a full line of products through this acquisition to improve their customer experience further and provide them with the right solutions to scale internationally. SysAdmin Appreciation Day: Top Industry Leaders Share their Insights on IT and Data Ops Deel enables businesses to hire anyone, anywhere, in a compliant manner. With Deel, hiring and onboarding international employees or contractors takes under 5 minutes, with no local entity required. Businesses can also pay their teams in 120+ currencies with just a click. In April 2021, Deel raised $156 million in Series C funding at a $1.25 billion valuation. With their new funding, Deel announced plans to continue international expansion, grow its team through mergers & acquisitions, hire exceptional talent globally, all while improving, building, and expanding its product offerings. The purchase of Zeitgold marks the first step in the company’s extensive M&A plans and reinforces its global payroll offering. Zeitgold was founded in 2015 by Jan Deepen and Stefan Jeschonnek, co-founders of SumUp, the European fintech unicorn, and Kobi Eldar, a former senior intelligence officer of the prestigious 8200 Israeli unit. Zeitgold has raised over $60M from leading venture capital firms such as Battery Ventures, Vintage Investment Partners, HV Holtzbrinck Ventures, as well as insurance company AXA and Deutsche Bank. All existing Zeitgold investors will now be joining Deel as shareholders. Related Posts upGrad Inc. Acquires Global EdTech Company KnowledgeHut Aug 5, 2021 Recommended AI News:  FlexClip Launches Resource-Rich Video Maker For Creating Stunning Videos Zeitgold offers AI-powered payroll and automated bookkeeping software for businesses and contractors. The contractor product assists thousands of independent contractors with their setup, bookkeeping, and tax filing. Zeitgold’s highly skilled team and impressive track record have made it a gem of the German technology industry. With this purchase, Deel is adding senior leadership to its ranks and gains the expertise of Zeitgold’s team in global payroll, automation, and AI. The deal also provides valuable IP in global payroll processing based on a powerful workflow engine and document understanding AI stack, which Deel will leverage to scale up and serve hundreds of thousands of clients. “With the addition of Zeitgold, we’ll accelerate even faster and reinforce our European leadership,” said Deel CEO Alex Bouaziz . “We’re taking Zeitgold’s best-in-class engine and plugging it into the core of our platform to help Deel supercharge its product offerings.” Recommended AI News:  Agiloft Announces Alliance With New Law Pioneer Factor “By joining forces with Deel, we can leverage our core technology and products at a global scale,” said Zeitgold CEO Jan Deepen. “The new capabilities we’re bringing to Deel will allow contractors and employees all over the world to stay compliant and take care of their payroll with confidence, all while continuing to help reduce hiring barriers worldwide.” Deel was co-founded in 2018 by MIT alumni Bouaziz and Wang. The founders set out to solve a problem that most businesses worldwide found daunting—the ability to hire people from anywhere easily. In the past 12 months, the company grew by more than 1000% in revenue to support over 3,000 businesses worldwide. It has plans to set up 100 new Deel-owned entities across the world by the end of 2021. With the acquisition of Zeitgold, Deel plans to deploy this offering into every country where it operates, shattering hiring barriers worldwide.

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Expert Collections containing Zeitgold

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Zeitgold is included in 6 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

779 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

A

AI in Fintech

155 items

F

Fintech 250

248 items

S

SMB Fintech

1,073 items

A

Automation in Banking

380 items

Startups providing solutions to banks to automate processes and operations.

Zeitgold Web Traffic

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