European top ranking: kompasbank number 2 on important growth list

kompasbank has again established itself as one of Europe's leading growth companies. After securing first place on the Sifted 75: Nordic & Benelux Leaderboard last month, kompasbank is ranked number 2 on the Sifted 250, highlighting the 250 fastest-growing startups and scaleups in Europe.

The Sifted 250 list ranks companies based on their average annual growth rate (CAGR) in revenue over the last three completed financial years (2021 to 2023). With an impressive growth rate of 1,149.73%, kompasbank is not only the highest-ranked Danish company on the overall European list but also places at the very top—only surpassed by another SME bank, the British Allica Bank.

The fact that SME-focused banks occupy both the first and second positions highlights the growing need for technology-driven neobanks dedicated to helping small and medium-sized enterprises (SMEs) realize their full potential. The SME segment accounts for more than half of the total value creation in the EU and plays a crucial role in the European economy.*

SMEs are underserved

"SMEs are central to Europe's growth, and we see it as our mission to provide innovative solutions that make it easier for small and medium-sized businesses to realize their potential. The top ranking on the Sifted 250 is a recognition of our concept and innovative capabilities," says Michael Hurup Andersen, founder and CEO of kompasbank.

"Across industries and sectors, we can see how a digital-first mindset can drive growth. Our technologically advanced platform and focus on data, along with the needs of SMEs, enable us to deliver high-speed solutions that create value for businesses and contribute to economic growth across Europe."

Read more about the Sifted 250 here.

*The European Commission's annual SME report.

Information about the Sifted 250

The Sifted 250 ranks the 250 fastest-growing startups and scaleups with the highest percentage revenue growth over the last three financial years, calculated using the compound annual growth rate (CAGR).

To be considered for the list, the following criteria must be met:

• Headquartered in Europe (excluding Azerbaijan, Belarus, Israel, Russia, and Turkey).

• Founded in 2014 or later.

• A maximum of 999 full-time employees.

• Privately owned and independent.

• The majority of revenue must come from proprietary technology.

• At least three years of revenue data.

• Revenue of at least €50,000 in the base year (2020, 2021, or 2022) and at least €500,000 in the most recent financial year (2022, 2023, or 2024).

In addition, the company must be represented on its regional leaderboard, such as Sifted 75: Nordic & Benelux, to qualify for the European Sifted 250 leaderboard.

About Sifted

Sifted.eu is a leading European media platform dedicated to startups, innovation, and technology. Sifted covers the most exciting stories of high-growth companies as well as groundbreaking ideas and trends shaping the future of business.

Founded in collaboration with the Financial Times, Sifted has gained a reputation for delivering data-driven insights, expert analysis, and in-depth interviews with key players in the startup ecosystem.