Zeitgold loses one of its founders

He founded Zeitgold together with Jan Deepen in 2015, but now Stefan Jeschonnek is leaving the fintech. The reason is a change in the company structure.

One of the founders of the fintech Zeitgold has left the company, as Gründerszene has learned. Stefan Jeschonnek has no longer been Managing Director since May 11, but will remain with Zeitgold as an advisor. The reason for his departure is a "change in the official structure."

Founded in 2015, the fintech digitizes receipts for the self-employed and small businesses in order to simplify bookkeeping. Zeitgold has raised a total of 50 million euros over the years; the fintech closed its last financing round in May 2020. In July, Zeitgold announced the end of its software and laid off 75 employees in Tel Aviv and Berlin. Today, the company is trying to launch new software on the market under the name Sorted.Jeschonnek is one of the two founders of Zeitgold alongside Jan Deepen, and the start-up was already struggling with red figures before the coronavirus pandemic. In 2019, Zeitgold posted a loss of 15 million euros.