Copenhagen-based fintech firm spektr, which develops AI agents to automate compliance workflows in financial services, has raised a $20 million Series A round led by NEA, with support from Northzone, Seedcamp, and PreSeed Ventures.
- Founded in 2022 by Mikkel Skarnager, Ciprian Florescu, Jeremy Joly, and Jan-Erik Wagner, spektr focuses on automating manual compliance processes such as KYC and KYB checks.
- Its platform replaces tasks typically performed by compliance teams, including collecting customer data, verifying documents, mapping ownership structures, and producing risk assessments. These processes are handled by AI agents that generate structured outputs for human review.
- The system combines configurable workflows with automated agents, where workflows define compliance processes across onboarding and monitoring, and agents carry out the underlying data gathering and analysis. spektr says this is intended to reduce the time spent on manual review work while maintaining auditability.
"Compliance technology has mostly focused on workflow and data collection. But the real bottleneck has always been the work itself, analysts researching companies, interpreting information, and documenting decisions," claims Mikkel Skarnager, CEO and co-founder of spektr
Details of the deal
- The company will use the funding to expand its AI platform and scale adoption among financial institutions globally.
"spektr is tackling the most manual part of compliance operations in financial services. Their approach has the potential to redefine how compliance operations are run," explains Luke Pappas, Partner at NEA.
