Zenegy ApS Due Diligence

Run due diligence on Zenegy ApS: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · zenegy.com · 34 vendors

Zenegy ApS is a Danish SaaS company that provides an integrated financial management platform combining accounting, payroll, and expense management in one system. Serving over 9,000 Danish businesses, their products include Numbers (accounting), Payroll, Expense, and Time tracking modules. The platform is designed for small to medium-sized businesses, accountants, and bookkeepers seeking a streamlined, all-in-one financial workflow solution.

Resilience scores

Technology vendors

Services catalogue

5 services in catalogue across 3 categories; runs on 34 sub-vendors.

Insights

Last updated 2026-09-13 · revision 20

34 direct vendors, 279 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

Evidence: https://zenegy.com/trust-center/

ISAE 3000 (source) — Evidence found

Evidence: https://zenegy.com/trust-center/

ISO 27001 (source) — No public evidence

Evidence: https://zenegy.com/trust-center/

Financials

Three-year financials

Financial Resilience Score: 6/10

Zenegy ApS demonstrates qualitative strengths typical of a scaling Danish SaaS provider, with a large and sticky customer base of 9,000+ Danish SMBs, a recurring subscription revenue model starting at DKK 49/month, and a multi-product platform spanning payroll, accounting, expense, and time tracking. High switching costs in payroll/accounting software, strong brand references (Astralis, Joe & the Juice, Mikkeller, Madklubben, team.blue), and a Trustpilot score of 4.8/5 support customer retention and credibility in the mid-market segment. However, the company faces meaningful risks. It is heavily concentrated in the Danish market, with effectively 100% of revenue tied to Denmark and exposed to local payroll/tax regulation. It competes against well-capitalized incumbents (Visma/Dinero/e-conomic, Lessor/EG, Danløn) and international entrants like Pleo, creating pricing pressure at the entry tier. As a class B ApS, scale-up SaaS companies of this profile typically operate near break-even while reinvesting in growth, making equity resilience dependent on capital raises that cannot be verified here. No audited financial figures (revenue, EBIT, equity) were accessible in this session, so the score reflects a qualitative midpoint assessment based on market positioning, customer base, and product breadth rather than verified financial metrics.

Key strengths: 9,000+ Danish SMB customers providing recurring subscription revenue, High switching costs typical of payroll and accounting software, Multi-product platform (Numbers, Payroll, Expense, Time, Portfolio) enabling cross-sell, Strong brand references including Astralis, Joe & the Juice, Mikkeller, team.blue, Compliance posture with ISAE 3402, GDPR, 2FA, Trustpilot score of 4.8/5 signaling customer satisfaction

Risk factors: Geographic concentration almost entirely in Denmark, Intense competition from Visma (Dinero, e-conomic), Danløn, Lessor/EG, Uniconta, and Pleo, Price compression at entry tier (DKK 49/month), Typical scale-up SaaS losses requiring ongoing capital, Dependence on third-party integrations (Skat, banks, HR tools), Limited evidence of international diversification

Revenue by geography

Revenue by product/service

Workforce by country

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