Spektr raised $20 million in a Series A round led by NEA, with ongoing support from Northzone, Seedcamp, and PSV Tech, reaching total funding of $26 million.
The Copenhagen-based startup, founded in 2023 by Mikkel Skarnager, Jan-Erik Wagner, Jeremy Joly, and Ciprian Florescu, automates manual compliance work for KYC and KYB analysts. Its platform uses specialised AI agents to research companies, verify business activity, interpret documents from different sources, and create structured risk assessments. Compliance teams then review and approve the results instead of starting from scratch.
“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. spektr automates those tasks with AI agents designed specifically for KYC and KYB compliance,” says Skarnager.
Financial institutions can create custom onboarding and monitoring workflows and use networks of AI agents to automate manual processes. Since launching Spektr 2.0 last August, which fully included these agent features, the company has seen strong growth in customer adoption.
Current customers include Pleo, Santander Leasing, Mercuryo, Phantom, and Monta. Spektr now has 45 employees and continues to grow.
“Financial institutions are under constant pressure to do more compliance work with fewer resources. 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,” notes Luke Pappas, Partner at NEA
Key competitors are Behavox, Thoropass, and Secureform, but Spektr sets itself apart by focusing on performing the analytical work within compliance workflows, not just managing them. Unlike older platforms that offer small improvements, the startup integrates with existing compliance systems and automates tasks, so institutions do not have to replace what they already use.
The new funding will help Spektr grow its engineering team to meet the needs of large banks and top financial institutions. It will also support opening new offices in London and New York.
