Kontolink added angel investment from Torben Frigaard Rasmussen.

Kontolink, a Copenhagen, Denmark-based startup developing a mobile app helping small businesses with finance reconciliations, announced that it completed a capital investment round.

The funding was provided by Danish angel investor Torben Frigaard Rasmussen, whose financial contribution was matched 1:1 by a business angel matching loan made by Vækstfonden.

Kontolink, founded in 2018 by CEO Kim Agger and Jens Sørensen, built a software solution that automates a number of accounting processes for small businesses by directly linking their banking data with an accounting program. The software solution is cloud-based and automatically collects and matches employees' attachments with bank postings via an application using artificial intelligence.