Copenhagen-based fintech Spektr has secured $20 million in Series A funding to scale its AI-powered compliance platform and expand adoption across global financial institutions.
The round was led by NEA, with participation from Northzone, Seedcamp, and PSV Tech.
Tackling The Bottleneck In Compliance Workflows
Compliance operations in financial services remain heavily reliant on manual processes, including document reviews, ownership mapping, and multi-source risk assessments. Despite digital tools, much of KYC (Know Your Customer) and KYB (Know Your Business) work is still fragmented and time-intensive.
Spektr is addressing this challenge by introducing AI agents that automate the most labour-intensive parts of compliance workflows.
From Data Collection To Decision Automation
The platform’s AI agents handle tasks such as company research, data interpretation, verification, and risk assessment generation. This allows compliance teams to shift their focus from gathering information to reviewing and approving outcomes.
Financial institutions can design customised onboarding and monitoring workflows within Spektr, deploying networks of AI agents to execute tasks autonomously.
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Scaling Compliance Operations
By transforming manual, analyst-driven processes into automated systems, the startup enables organisations to scale compliance operations more efficiently while reducing workload and accelerating decision-making.
According to Mikkel Skarnager, the core issue lies in the work itself:
“Compliance tools have improved workflows and data access, but the real bottleneck has always been the manual effort—researching, interpreting, and documenting. Spektr automates that work with AI agents purpose-built for compliance.”
Meeting Growing Regulatory Pressure
As financial institutions face increasing regulatory demands with limited resources, automation is becoming critical.
Luke Pappas highlighted the opportunity:
“Compliance teams are expected to do more with less. Spektr is tackling the most manual and time-consuming part of the process, with the potential to fundamentally change how compliance operations are run.”
About Spektr
Spektr is an AI-powered compliance infrastructure platform designed for banks and fintech companies. It automates KYC and KYB processes through specialised AI agents, enabling scalable onboarding and monitoring while maintaining full visibility, control, and regulatory compliance.
