Kompasbank
“Can a cloud-native, partner-orchestrated Danish bank become the default financial OS for Nordic SMEs?”
HQVedbæk, Denmark
FoundersMichael Hurup Andersen
IndustryBank / National
The story
Kompasbank is a Danish challenger bank (CVR 38803611) holding a full Danish banking license (no. 28005) regulated by Finanstilsynet. It built its core on Mambu's cloud banking platform and positions itself as Denmark's fastest business bank for SMEs, offering business loans (DKK 0.5M-25M), leasing, savings, and FX. Rather than building every capability in-house, it partners with specialists — Banking Circle for payments, Ebury for FX, Crediwire for open-banking financial data — and curates SME software through its kompasbank navigator marketplace.
Last 12 months
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Product timeline
0
Launched kompasbank navigator, a B2B marketplace of digital partners for SMEs.· pivot
0
Partnered with Ebury to offer FX and international payments to Danish SMEs.· banking
2021
Go-live on Mambu SaaS banking platform as Denmark's first cloud-only bank.· banking
2022
Partnership with Crediwire to surface SME financial data in real time.· banking
Regulated entities
Banking license
Denmark (Finanstilsynet)
kompasbank a/s
The stack
Payments / PSP
Banking / BaaS
Ledger
Lending
Open banking
FX & payouts
Accounting
Accounting gap: minor