Danish SME neobank kompasbank raises €12m

Danish neobank kompasbank has just raised €12m in new funding.

The raise brings the SME-focused bank’s total funding to more than €40m in capital since it gained its banking licence from the Danish FSA in March 2021.

The “youngest bank in Denmark” dedicated to helping small and medium-sized businesses began operating in full in January 2022 and currently operates in Denmark, Germany and Spain.

kompasbank says the new raise will help it deepen customer relations and better serve and develop more financial services.

Read more: AltFi