kompasbank announced $22.5 million Series A financing round and getting a banking licence in Denmark.

Denmark United Kingdom 16 March 2021
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kompasbank, a COpenhagen, Denmark-based startup working to build a banking business, announced that it completed a $22.5 million capital funding.

The name of the investors was not disclosed.

The company's chairman of the board, also a founding investor, is Jeppe Brøndum, previously the CEO of Blackstone in Denmark.

At the same time the company announced it secured a banking licence that would allow it to operate in Denmark.

kompasbank, founded in 2017 as Fintech Holding Aps by CEO Michael Hurup Andersen, wants to build a bank focused on the small- and midsized corporate segment in the Danish market.

Total investments received (USD): 66.35M

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