# Monthio: Financial services, Kobenhavn, Denmark > Monthio: Monthio is a fintech company based in Copenhagen, Denmark, founded in 2018. Based in Kobenhavn, Denmark. Founded 2018. Source: https://millionrounds.com/startup/monthio-2 (Millionrounds; every figure on the page links to its filing or article) Denmark · [Financial services startup](https://millionrounds.com/companies) # Monthio Monthio is a fintech company based in Copenhagen, Denmark, founded in 2018. Email Funding reported Last round: Series A Financial services Kobenhavn, Denmark Follow Monthio and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Fmonthio-2) Company summary - **Founded:** 2018 8 years old - **Team:** 70 51 to 200 people - **Funding reported:** 25.7M as listed, currency not stated - **Last round:** Series A Oct 2024 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Monthio has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Monthio Monthio is a fintech company based in Copenhagen, Denmark, founded in 2018. It specializes in automated creditworthiness assessments to streamline loan approval processes for banks and lenders. With a team of 51–200 employees, Monthio focuses on transforming financial transactions into monthly figures, providing a clear overview of an applicant's financial situation. The company aims to facilitate smarter financial decisions across Europe, helping both businesses and individuals achieve better financial health. Monthio offers a cloud-based, GDPR and ISO-certified platform that automates credit assessments using real-time open banking data. Key services include income and expense verification, account validation, risk analysis, debt insights, and automated credit decisioning. The platform enhances connectivity with banks through open banking integrations, ultimately reducing risk and improving customer experience. Monthio primarily serves B2B clients in the financial sector, including banks, consumer finance companies, auto finance institutions, and green lending providers, and is expanding its reach into new European markets. ## What company datasets say Monthio raised Funding, as reported Reported in all **25.7M** in the source's currency Last round **Series A** Last round size **12.4M** Last round date **Oct 2024** ## Founders and team From Monthio's own website: 2 founders, 3 on the team. **Mads Aarup Pedersen** Founder & CEO **Rune Heinrichson** Co-founder & CRO - **Christian Bach Jensen** Chief Commercial Officer - **Glenn Söderholm** Board member - **Jacob Bratting Pedersen** Board member ## The company, in detail What they build Known for customer journey optimization over-indebtedness prevention open banking ai-powered credit assessment open banking beyond psd2 loan approval automation reserve computer & network security banker-designed categorization seamless user experience information technology & services financial data categorization financial services finance startup data security Built with from their website Amazon CloudFront Microsoft PowerPoint Google Workspace CloudFlare Viewport Meta Hubspot Webflow Hosting Apple Business Manager AI Google Meet +8 more CloudFlare CDN Twilio SendGrid Email Marketing Campaigns Google Font API Microsoft Azure Mobile Friendly WhatsApp SQL Open Graph - **Sector:** Financial services - **Industry code:** NAICS 52232, 51321, 54151, SIC 6211, 7372, 7371 - **Region:** Capital Region of Denmark - **Revenue:** 13M a year, as listed ## Financial services in Denmark Startups like it - [**Spiir** Aarhus · founded 2010 *Raised*](https://millionrounds.com/company/spiir) - [**Lunar** Copenhagen · founded 2015](https://millionrounds.com/startup/lunar-8) - [**Storebox** Kobenhavn · founded 2019](https://millionrounds.com/startup/storebox-2) - [**samlino.dk** Kobenhavn · founded 2014](https://millionrounds.com/startup/samlino-dk) - [**Uniify** Copenhagen · founded 2019](https://millionrounds.com/startup/uniify) - [**Embankment** Copenhagen · founded 2022](https://millionrounds.com/startup/embankment) - [**Pie Systems** Copenhagen · founded 2017](https://millionrounds.com/startup/pie-systems) - [**Performativ** Kobenhavn · founded 2020](https://millionrounds.com/startup/performativ) ## Is this your company? Add your raise, your deck and your story, and put Monthio in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)