Funded Financial Services Startups in Denmark
Recent rounds in Denmark’s financial services are skewed by one disclosed outlier: Flatpay’s $168M Series D on 2025-11-22, which sits far above the next-la…
Recent rounds in Denmark’s financial services are skewed by one disclosed outlier: Flatpay’s $168M Series D on 2025-11-22, which sits far above the next-largest disclosed amounts (Moneyflow at $249M debt financing on 2022-09-01 and Pleo at $200M Series C on 2021-12-09; most other disclosed rounds range from hundreds of thousands to the tens of millions). Temporally, the 28 rows span 2020-08-24 (Keyhole) through 2026-05-19 (LedgerBee), with a dense cluster in 2022–2024: for example, Moneyflow ($249M, 2022-09-01), Lunar ($77M, 2022-03-10), Pleo ($200M, 2021-12-09), and multiple 2023 rounds (TaxHelper $760K on 2023-08-03; Performativ $14M on 2026-04-28 appears later).
Geographically, Copenhagen/Hovedstaden dominates the list: many entries are based in Copenhagen (e.g., Performativ 2026-04-28; Embankment 2026-01-19; Monthio 2024-10-10), alongside smaller but recurring hubs such as Aarhus (Impero 2025-12-09; Mazepay 2023-02-08; Lunar $77M on 2022-03-10) and Herlev/Herning. Stage labels are also uneven: there are 4 entries marked “undisclosed” (LedgerBee 2026-05-19; Riskpoint 2022-07-12; Simple 2023-09-14; plus a missing amount on Scaleup Finance 2024-03-26 is disclosed as $8M but stage is blank), and 8 entries with “Series Unknown” across years (e.g., Fynske Bank 2026-05-04; Impero 2025-12-09; kompasbank 2023-01-06).
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Frequently asked
What’s the largest disclosed financing in this Denmark financial-services list, and how far above the rest is it?
Moneyflow’s $249M debt financing (2022-09-01) is the largest disclosed amount in the table. The next-largest disclosed rounds are in the $168M–$200M range (Flatpay $168M on 2025-11-22 and Pleo $200M on 2021-12-09), while most other disclosed rounds are well below that range (e.g., Klimate $4M on 2023-10-17; Konsolidator $850K on 2024-05-03).
Which cities show up most, and do they look like a cluster around a single hub?
Copenhagen/Hovedstaden is the clear concentration, with multiple Copenhagen-based companies across years including Performativ ($14M, 2026-04-28), Embankment ($17M, 2026-01-19), Monthio ($13M, 2024-10-10), and Scaleup Finance ($8M, 2024-03-26). Outside Copenhagen, Aarhus appears repeatedly (Impero $2M on 2025-12-09; Mazepay $4M on 2023-02-08; Lunar $77M on 2022-03-10), and Herlev shows up more than once (Flatpay $168M on 2025-11-22; FLATPAY $16M on 2023-06-26).
How much of the activity is concentrated in the most recent window of the table (last ~90 days from the latest row)?
Using the latest round date shown (LedgerBee on 2026-05-19), entries within roughly 90 days include Fynske Bank (2026-05-04, $12M), Performativ (2026-04-28, $14M), Norlix (2026-03-12, $5M), and Embankment (2026-01-19, $17M). Earlier than that, the list quickly fills with 2024 and 2023 rounds such as Monthio ($13M, 2024-10-10) and TaxHelper ($760K, 2023-08-03).
What stage/label mix dominates, and how often are rounds not categorized or not disclosed?
Stage labeling is mixed: several entries use “Seed” (e.g., Norlix $5M on 2026-03-12; Klimate $4M on 2023-10-17; Mazepay $4M on 2023-02-08), while “Pre-Seed” also appears multiple times (Marts $2M on 2023-10-03; Fellow Pay $360K on 2022-06-01; ZTLment $1M on 2022-10-19). There are 4 entries with “undisclosed” amounts (LedgerBee 2026-05-19; Simple 2023-09-14; Riskpoint 2022-07-12; plus one more undisclosed amount in the table), and 8 entries tagged “Series Unknown” (e.g., Fynske Bank 2026-05-04; kompasbank 2023-01-06; Impero 2025-12-09).
Are there notable low-end or outlier-small disclosed rounds that stand out against the rest?
Yes. hiveonline at $100K (Seed) on 2021-02-01 is one of the smallest disclosed amounts, and fellow-preseed rounds also land low such as Fellow Pay at $360K (2022-06-01) and TaxHelper at $760K (Seed, 2023-08-03). At the opposite end, Moneyflow’s $249M (2022-09-01) creates a wide spread relative to these sub-$1M rounds.
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