spektr Raises $20M Series A to Eliminate Manual Compliance Work Across Financial Services

A note from the founders

When we started this company, we weren't entirely sure the world would get it. We'd spent years watching brilliant compliance professionals - smart, careful people - spend most of their days copy-pasting company names into search bars, scrolling through PDFs, and rewriting the same risk rationale for the hundredth time. It felt wrong. Not just inefficient, but like a genuine waste of human potential. That frustration is where spektr came from, and it's what has kept us going on the hard days.

Closing this round with NEA leading and our existing investors doubling down means more than the number. It means we get to keep building the thing we actually believe in: a world where compliance teams wake up and spend their time making real decisions, not drowning in data collection. We're still learning and have a lot to prove, but today we feel genuinely proud of how far we've come, and pretty excited about where we're heading. Thank you to everyone who believed in us before it was obvious.

— Mikkel and the spektr founding team

We raised $20M to eliminate manual compliance work - for good

Today, spektr is announcing a $20 million Series A funding round led by NEA, with continued participation from Northzone, Seedcamp, and PreSeed Ventures. The new capital will go toward expanding our AI platform and accelerating adoption across financial institutions globally.

The problem we're solving

Compliance teams at banks and financial institutions still spend enormous amounts of time on work that looks the same every single day: reviewing corporate documents, mapping ownership structures, cross-referencing data sources, and writing risk rationales by hand. Despite years of investment in tech, most KYC and KYB work is still done by analysts piecing together information from dozens of separate sources.

The tools built to solve this have mostly focused on workflow management and data aggregation. But the bottleneck was never necessarily the workflow, it was the work itself.

"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." — Mikkel Skarnager, CEO and co-founder, spektr

What we've built

spektr is a platform of specialized AI agents that perform the analytical work compliance teams do during reviews - researching companies, verifying business activity, interpreting information from multiple sources, and generating structured risk assessments. What used to take an analyst hours now completes in minutes, with the compliance team reviewing and approving results rather than producing them from scratch.

Financial institutions can design their own onboarding and monitoring workflows and deploy networks of these agents within them, turning manual, analyst-driven processes into automated operations at scale. The platform handles both onboarding and ongoing monitoring, so coverage doesn't drop off after the initial check.

Who's already using it

Banks, financial institutions, and enterprises are already live on the platform, including Pleo, Santander Leasing, Mercuryo, Phantom, and Monta.

"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." — Luke Pappas, Partner, NEA

What's next

This funding lets us move faster - expanding the platform's capabilities, deepening integrations across financial infrastructure, and growing the team that builds it. We're focused on making compliance operations at financial institutions genuinely better: faster, more consistent, and less dependent on heroic individual effort.

If you're running compliance at a bank or fintech and want to see what this looks like in practice, we'd love to show you.

About spektr

spektr is an AI-powered compliance infrastructure platform for banks and fintechs. The platform deploys networks of specialized AI agents to automate the manual work behind KYC and KYB compliance – from onboarding to ongoing monitoring – so compliance teams can focus on decisions, not data gathering. Headquartered in Copenhagen, spektr operates globally. For more information, visit www.spektr.com.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than $35 billion in assets under management as of December 31, 2025, and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of investing includes more than 285 portfolio company public listings and more than 510 mergers and acquisitions. For more information, please visit www.nea.com.

Contact

communications@spektr.com

marketing@nea.com