kompasbank a/s, which closed a capital round of 92 million DKK at the end of the year, has raised an additional 63 million DKK. This capital increase brings the total Series B round to over 150 million DKK.

The capital raise, driven by both new and existing investors, strengthens the bank’s capacity to continue its growth in core operations and to provide additional services and platform solutions to the SME segment throughout 2023. 

“Small and medium-sized enterprises across Europe are continuously seeking banks with faster and more flexible financing solutions. We still have a lot of development ahead, but every day we receive confirmation from our business customers that they benefit from our banking approach. This capital round enables us to enhance our customer relationships and expand our platform to provide even more frictionless interactions with the bank,” says Michael Hurup Andersen, Founder and CEO of kompasbank.

He continues: “Our customers now face a very different environment than just a few years ago. They must deal with macroeconomic and geopolitical factors that affect smaller local businesses. There are changing expectations for services and products, and competition from new sources that previously didn’t require much attention. All these factors are changing rapidly, and the bank needs to evolve accordingly. The capital increase will, among other things, concretely support the development of several major projects to help businesses navigate these challenges.”

Investors have, similar to the capital round at the turn of the year, acknowledged the development of kompasbank’s independent platform and the bank’s ability to expand existing customer relationships, as well as the potential to scale the business significantly with additional products and new customers.

Demand accelerated throughout 2022

It is evident that there is a demand in the SME segment for a bank like kompasbank, which differentiates itself through speed and flexibility. The loan portfolio grew by 1,571% from 48 million DKK to 802 million DKK in 2022, and this growth has continued into 2023, with the portfolio increasing by approximately 75% in Q1.

“It’s crucial for our success to keep investing in our team and platform and to continually allocate time and resources to visit our customers, listen, and learn. This way, the development of our products and services matches the needs and challenges SMEs face in their daily operations,” concludes Michael Hurup Andersen.

For further information, please contact

Kasper Kankelborg

Head of Communication & Marketing

kasper@kompasbank.dk

+45 26 13 57 71

Du kan også læse om