Three former Lunar banking executives have secured €8.2 million in pre-seed funding to launch Repodo, an AI-native audit firm targeting the financial services sector. Ken Villum Klausen, Peter Andreasen, and Joachim Strøjer Hansen, who previously served as CEO, CFO, and CPO at Nordic digital bank Lunar, are positioning the venture as the first authorised audit firm built entirely around artificial intelligence technology from inception.
The substantial pre-seed round signals growing investor confidence in AI-driven financial infrastructure solutions, particularly in compliance and regulatory functions where traditional audit firms have been slow to digitise. Repodo’s entry threatens to disrupt established audit practices across European fintech and banking sectors, potentially reducing costs and turnaround times for companies requiring regular audits.
The timing coincides with increasing regulatory scrutiny across European financial markets, where audit quality and speed have become critical concerns for both regulators and financial institutions navigating complex compliance requirements.
FXnCO Insight
Fintech firms and brokers should monitor Repodo’s market entry as AI-powered auditing could significantly compress compliance costs and reporting cycles within 12-18 months.
Source: Finextra