Copenhagen-based spektr, a startup pioneering AI-driven compliance infrastructure for financial services, has announced a € 17 million Series A funding round led by NEA, with participation from Northzone, Seedcamp, and PSV Tech. The investment will fuel the expansion of spektr’s AI platform and accelerate its global adoption among banks and fintechs, marking a significant milestone for the Nordic fintech ecosystem.
Compliance teams in financial institutions have long grappled with the tedious, time-consuming tasks of KYC (Know Your Customer) and KYB (Know Your Business) processes. Despite advancements in compliance technology, analysts still spend hours manually reviewing documents, mapping ownership structures, and writing risk assessments.
spektr is transforming this landscape with its platform of specialized AI agents that automate the heavy lifting of compliance reviews. These agents research companies, interpret information, verify business activities, and generate structured risk assessments-tasks that previously took analysts hours, now completed in minutes.
“Compliance technology has mostly focused on workflow and data collection. But the real bottleneck has always been the work itself – analysts researching companies, interpreting information, and documenting decisions. spektr automates those tasks with AI agents designed specifically for KYC and KYB compliance, ”
said Mikkel Skarnager, CEO and co-founder of spektr.
Nordic Innovation, Global Impact
spektr’s platform enables financial institutions to design custom onboarding and monitoring processes, deploying AI agents to automate workflows at scale. The company’s technology is already in use by global institutions such as Pleo, Santander Leasing, Mercuryo, Phantom, and Monta.
“Financial institutions are under constant pressure to do more compliance work with fewer resources. spektr is tackling the most manual part of compliance operations in financial services. Their approach has the potential to redefine how compliance operations are run.”
said Luke Pappas, Partner at NEA
With the new funding, spektr plans to further develop its AI platform and expand its team, with a focus on scaling its solutions across Europe and beyond.
