kompasbank launches new digital SME-platform

Denmark's new business bank, kompasbank, aims to make it easier for small and medium-sized enterprises (SMEs) to digitize their operations and reduce daily reporting and administrative burdens. To achieve this, the forward-thinking fintech bank has launched a digital marketplace – kompasbank navigator – that provides an overview of and access to a wide range of digital partners specializing in HR, sales & marketing, sustainability, risk management, administration, and finance.

SMEs in Denmark now have a dedicated marketplace featuring numerous digital solutions designed to enhance their businesses and simplify daily tasks. kompasbank has officially launched kompasbank navigator, and the thousands of business owners and managers who have signed up in recent months now have access to this digital SME platform.

“kompasbank navigator is a digital partner in your pocket, packed with powerful solutions to support the business development of small and medium-sized enterprises. With navigator, you gain both a comprehensive view and insight into the many digital services and solutions available,” says Michael Hurup Andersen, founder and co-CEO of kompasbank, adding:

“Our goal with navigator is not only to help Danish companies advance their digital transformation but also to guide them in selecting the right solutions from the digital toolbox at the right time and in the right sequence—and, if needed, to provide the right tech support.”

Find your match on navigator

As a digital guide, kompasbank navigator assists and inspires businesses to find the exact digital products and services that can streamline administration and operational tasks not directly related to the company’s core business.

“kompasbank is dedicated to helping small and medium-sized enterprises unlock their full potential. We do this by providing easier and faster access to financing and capital. With navigator, we offer solutions from the digital toolbox covering everything from administration and reporting to legal matters, sales, and marketing, helping business owners and managers free up significant amounts of time to focus on what they believe adds the most value during a given period,” says Michael Hurup Andersen.

Initially, kompasbank navigator offers nearly 40 solutions across six categories: HR, sales & marketing, sustainability, risk management, administration, and finance. When first visiting the platform, users are encouraged to take the "Find your match" test, which matches their business with relevant solutions based on their needs.

kompasbank has received considerable interest from potential partners wishing to join navigator and gain broad and credible exposure to decision-makers in small and medium-sized enterprises. Often, kompasbank’s partners offer discounts to companies that sign up for solutions via navigator.

Popular concept

Since its launch last year, kompasbank has experienced rapidly growing popularity among Danish SMEs, who have embraced the bank's approach to improving access to financing and capital.

“We have seen tremendous support from both investors and customers. With over half a billion kroner in loans to Danish businesses, we have made significant strides compared to last autumn. With the launch of kompasbank navigator, we are taking another major step in our journey to not only become the preferred bank for Danish SMEs but also a valuable and trusted partner in their ongoing digital transformation,” says Michael Hurup Andersen from kompasbank.

Many more partners beyond the current nearly 40 are expected to join over time, and kompasbank navigator will be expanded with additional functionalities and more resources to further aid the digital transformation of Danish SMEs. Anyone can sign up for navigator, which has initially launched in a beta version. It is completely free, and you do not need to be a customer of kompasbank.

“We are incredibly excited to welcome users aboard navigator and to receive feedback on any initial issues so that we can make the experience even better.” says Michael Hurup Andersen, founder and co-CEO.