Zeitgold

Zeitgold was a German fintech company founded in 2015 by Stefan Jeschonnek, Jan Deepen, and Kobi Eldar. The founders combined their previous experiences to create the company, with Jeschonnek and Deepen having co-founded the payment service provider SumUp, and Eldar bringing his technological expertise from his time in the Israeli army's technology unit.

Zeitgold's primary offering was an AI-powered platform designed to automate bookkeeping for small businesses, such as cafes, restaurants, and craft businesses, as well as for tax advisors. The platform aimed to simplify and streamline financial administrative tasks. For business owners, it managed the entire accounts payable process, from receiving and digitizing invoices to preparing them for payment. For tax advisors, the platform automated the process of bookkeeping, including the categorization of transactions and exporting data to tax software. This allowed tax professionals to work more efficiently and to collaborate with their clients in real-time.

The company operated on a B2B SaaS model, providing its software as a service to its clients. In 2021, Zeitgold was acquired by Deel, a global payroll and compliance company. The acquisition was a strategic move for Deel to enhance its services and expand its presence in the German market. As a result of the acquisition, the Zeitgold brand has been integrated into Deel's offerings.

Keywords: accounting automation, bookkeeping, financial administration, AI platform, tax advisors, small businesses, fintech, SaaS, accounts payable, payroll.