ZTLment strengthens board with three experienced profiles

News Release -  October 13th 2023

ZTLment strengthens board with three experienced profiles

New board to contribute to the commercialization of the company's fully regulated payments infrastructure ahead of investment round next year

Copenhagen, November 30, 2023 - The Nordic fintech startup ZTLment has bolstered its management structure by adding three experienced business profiles to its board. The move marks a significant milestone for the company, which aims to simplify event-based payments for digital businesses with complex approval and payment processes by using regulated smart contract technology.

The three board members bring a combined experience of over 60 years in fintech, supply chain, and startups to ZTLment, and their appointment is expected to accelerate the company's growth and position in the market for programmable payments.

Frederik Vinten - Chairman of the Board - former exco member of Danske Bank and former chairman of MobilePay

Frederik Vinten joined ZTLment as Chairman of the Board last year. With over 15 years of experience in banking, finance, and business development, he has held leadership roles at Maersk, Danske Bank, and MobilePay. Frederik Vinten is currently COO for FTI Consulting covering the EMEA region. Frederik Vinten combines a strong strategic perspective with extensive insights into finance, payments, and supply chain, which he will use to lead the board's efforts to commercialize the company's payment infrastructure.

Mikkel Hippe - Board Member at ZTLment - co-founder of Tradeshift

Mikkel Hippe joins ZTLment as a key member of the board. He is one of the three co-founders of the Danish fintech unicorn, Tradeshift. Before Tradeshift, Mikkel was involved in the development of digital invoicing standards across the European continent. More recently, he helped set a digital vision for Denmark as chairman of a taskforce for with the Danish Chamber of Commerce. With extensive experience in B2B fintech, Mikkel Hippe is expected to contribute to the strategic vision of the company and give practical advice on building a startup.

Frank Schuil - Board Member at ZTLment - co-founder of Safello

Frank Schuil joins the board of ZTLment with a laser focus on marketing, sales, and execution. He is a Dutch serial entrepreneur based in Stockholm and co-founder of Sweden's leading digital currency trading platform, Safello, where he currently serves as chairman. With over a decade of experience in the blockchain space and experience in marketing and sales, Frank Schuil will focus on team dynamics, tempo, and strategic positioning in a rapidly changing payments- and finance market.

Next Stage: Commercialization

ZTLment was recently approved as a payment institution throughout Europe. Mads Stolberg-Larsen, co-founder and CEO of ZTLment, commented, "Being able to offer regulated payment infrastructure based on smart contract technology is exceptional. It provides us and our customers with new opportunities. We are therefore excited to have Frederik Vinten, Mikkel Hippe, and Frank Schuil to now join us as the board of directors. They bring complementary skills and deep experience in building businesses. It is a crucial step for the next stage on our journey, which can be summarised with one word: commercialization."

With the recent additions to the board and the recruitment of an experienced chief commercial officer earlier in the year, ZTLment is strategically positioned to pursue its goal of making event-based payments easy in digital business workflows.

"We are liberating our customers from banking infrastructures and payment processes older than the internet without compromising on regulatory safety or people having to deal with the technical hassles of smart contract technology. Basically, IF-THIS-THEN-PAY," concludes Stolberg-Larsen.

About ZTLment

ZTLment simplifies event-based payments for digital businesses with complex approval and payment processes. By using fully regulated smart contract technology, payments run parallel to business processes, achieving a higher level of automation and transparency for the often numerous parties involved in digital trade processes.

ZTLment is located in the heart of Copenhagen and regulated as a payment institution by the Danish Financial Supervisory Authority with a licence to execute payment transactions in 30 countries under the European open banking framework, PSD2.

Learn more at https://ztlment.com.