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Due diligence fintech spektr launches

Danish startup spektr has raised EUR5 million in seed funding for its platform to help financial sector firms with their due diligence processes.

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Due diligence fintech spektr launches

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Northzone, PreSeed Ventures, and Seedcamp participated in the round for spektr as it officially launches.

The platform promises hassle-free due diligence by offering a market-customisable no-code approach to risk and an automation engine that solves up to 95% of alerts found. This, says the firm, makes it a faster, safer and more budget-friendly alternative compared to traditional manual methods.

The startup was built by serial entrepreneurs, including CEO Mikkel Skarnager and Ciprian Florescu, who in 2022 sold their previous startup, no-code KYC and client onboarding platform HelloFlow, to Canada's Trulioo for over $50 million.

"With the spektr-platform, we can make ongoing due diligence an efficient function with commercial value for companies rather than being a costly expense. When looking at the explosion in the number of employees and expenses, I am convinced that there is great potential in making compliance a better business,” says Skarnager.

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