Key Takeaways:
Copenhagen-based Spektr raised $20 million in a Series A round to expand its AI-powered compliance platform, which helps financial firms and crypto companies like Phantom automate know-your-customer (KYC) and anti-money laundering (AML) workflows.
"Compliance technology has mostly focused on workflow and data collection," said Mikkel Skarnager, CEO and co-founder of spektr. "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."
The funding brings Spektr’s total raised to just under $26 million, following a seed round in February 2024. The Series A was led by NEA with participation from existing investors Northzone, Seedcamp, and PSV Tech. The company was founded in the summer of 2023 by the team that previously sold onboarding startup HelloFlow to identity verification firm Trulioo for over $50 million.
The investment addresses a critical pain point for financial institutions facing pressure to handle growing compliance workloads with fewer resources. By automating research and risk assessment, Spektr allows compliance teams to focus on final decisions, potentially setting a new industry standard for running compliance operations.
Spektr's platform uses a network of specialized AI agents to execute tasks that have traditionally been manual and time-intensive. These agents conduct corporate document reviews, map ownership structures, and generate structured risk assessments, reducing work that took hours to minutes. This approach differs from legacy systems like Moody's or Fenergo, which primarily manage workflows rather than executing the compliance tasks within them.
The company's client roster includes established financial players like Santander Leasing and fintech firms such as Pleo and Mercuryo, alongside crypto wallet provider Phantom. The new capital is earmarked for global expansion, including opening new offices in London and New York to better serve its growing U.S. client base.
This article is for informational purposes only and does not constitute investment advice.
