This startup provides financial banking services tailored for small and medium-sized enterprises (SMEs) in the European Union, offering loans and payment solutions through a digital platform designed for rapid deployment. By utilizing a flexible digital infrastructure, the company enables SMEs to access customized financial products that support their growth objectives.
Funding
$67.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) in the EU often face challenges in accessing tailored financial products and services from traditional banking institutions. These businesses require flexible financing options and efficient payment solutions to support their growth and manage their operations effectively.
Solution
Kompasbank is a digital business bank that provides SMEs with access to business financing, advisory services, and digital solutions. The bank offers tailored financing solutions, including business loans ranging from DKK 500,000 to DKK 25,000,000, innovative leasing options, and a modern forex trading platform. Kompasbank collaborates with existing banks and business advisors to ensure SMEs have the best foundation for their financial future. Through its digital infrastructure, Kompasbank delivers fast processing times and customized solutions, enabling SMEs to achieve their full potential.
Target Audience
Kompasbank primarily serves small and medium-sized enterprises (SMEs) in Denmark seeking tailored financial solutions to support their growth plans. The bank also provides savings accounts for individuals.
Features
- Business loans from DKK 500,000 to DKK 25,000,000 for various needs such as capital structure improvement, new premises investment, automation, and green transition
- Leasing solutions for equipment, IT hardware, machinery, and office furniture
- Forex trading platform with favorable exchange rates and easy creation of local and foreign accounts
- kompasbank navigator, a digital marketplace providing access to digital solutions across HR, sales, sustainability, and marketing
- Fast loan processing within 48 hours
- Local business advisors providing personalized advice
- Support for guarantee schemes in collaboration with the European Investment Fund (EIF)