The service can be described as an ”Internet of Systems”, fortifying the integrity and internal communication of a company’s many applications.

- After a large number of pilots, we know that our solution drastically changes the degree to which a company can connect their internal systems, and simplify the commercial information exchange between customers, vendors and these systems. Everything is encrypted end-to-end with exceptional reliability. Since we are currently supporting many of the leading accounting firms and Software Companies of the nordic countries, it is clear that the issues of automation and security is top-of-mind at every company, says Leo Berghald, founder and CEO at Zwapgrid.

Many companies are currently using numerous business support systems to handle everything from invoicing to project orchestration and stock management. The common practice is to connect these systems through isolated integrations, often with poor quality. This in turn yields low reliability and weak security. Zwapgrid’s “Internet of Systems” collect the many applications within a complete solution, thereby simplifying and streamlining the flow of information between companies, banks and authorities. Already, the first banks are beginning to use this service.

”Internet of Things” commonly means that the technology existing within for instance a car or a temperature sensor, is connected to a network. By being so, these devices can send information over the Internet or programmatically react to a given event within another connected device.

Zwapgrid’s service would in a similar way be able to receive an invoice created in a company’s time reporting application and immediately relay this information to the finance application, creating a customer invoice. This invoice would then automatically be sent to the customer for digital signing, after which the payment is sent to the bank. Without human involvement at either the customer’s or the vendor’s end, every event is automatically posted in this optimized “Internet of Systems”.

As the applications are already connected, all a company would need to do is join the cloud service and activate the specific systems they want to use. A Zwapgrid account gives access to all the systems within the network, but the only pay for the ones actually used by the company.

Since their establishment in 2017, €3M have been raised for product development and pilot projects. The company is preparing for heavy growth, with an ambitious goal to fundamentally alter how the market views system integration.

Zwapgrid is a cloud service where companies stream databetween customers, partners and internal systems in a cost efficient way. Present in the platform are some of the most common systems, e.g. SEB, Nordea, Fortnox, Klarna and Shopify. In total there are close to 60 connected systems. Zwapgrid has entered a partnership deal with some of the leading accounting firms and software developers in Scandinavia, helping them to simplify everyday business for their customers. The company was established in 2017 by CEO Leo Berghald, and is currently owned by the founders and a group of private investors.