Zeitgold

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Company Intelligence Q&A

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When was Zeitgold acquired and by which company?

Zeitgold was acquired by DEEL in August 2021.

What was the stated reason for DEEL acquiring Zeitgold?

According to a Businesswire report from August 3, 2021, DEEL acquired Zeitgold to strengthen its payroll and AI offerings.

When did Zeitgold establish its presence in Israel?

Zeitgold has had a presence in Israel since April 2017, operating a research and development center in Tel Aviv.

What significant funding event did Zeitgold experience in May 2020?

In May 2020, Zeitgold raised $29.2 million to automate bookkeeping, as reported by TechCrunch.

Did Zeitgold experience any layoffs?

Yes, in August 2020, Zeitgold laid off 75 workers, according to Calcalistech.com.

Which prominent investors backed Zeitgold in January 2019?

In January 2019, Deutsche Bank and AXA backed financial management startup Zeitgold.

What is Zeitgold's primary focus as a company?

Zeitgold GmbH aims to help small businesses reduce paperwork by offering an end-to-end solution for managing financials through a combination of experts and artificial intelligence.

What services does Zeitgold provide to its target customers?

Zeitgold provides services such as bookkeeping, payroll, invoice payment, collections, and coordination with tax advisors for small businesses like cafes, restaurants, small retailers, and craftsmen.

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