Kvika: Funding, Investors & Team (Oct 2026)

We are a specialized bank focusing on asset management and investment services. Voted as Best Bank in Iceland in 2018 by The Banker We place emphasis on developing long term partnerships with clients through responsive and versatile services. Our focus is on specific groups and clients, emphasizing exceptional, tailor-made services and our size enables us to adapt to this environment with the aim of maintaining profitability and customer service. We are prepared to make use of our infrastructure and balance sheet to generate income, e.g. by utilizing our loan processes to loan in tandem with other lenders. Corporate Banking finances enterprises and the investments of our clients. Corporate Banking also makes use of our expertise and network to broker loans to other institutional investors. Asset and Fund Management emphasizes offering clients a broad range of services for investing in Iceland as well as on foreign markets. The aim is to provide the best asset and fund management services, guided by clients’ long-term interests. Capital Markets offers clients comprehensive securities brokerage and FX market services. Corporate Finance provides various types of advisory services in connection with investments and financing. The principal focus is on corporate acquisitions and divestments, as well as initial public offerings. We offer comprehensive solutions in asset management and private banking for private entities and investors. The bank is a broker-dealer of securities on domestic and international markets and provides all major services in the field of corporate finance, including the most common forms of financing for clients. Asset management is the cornerstone of Kvika‘s operation. Kvika´s asset management has an established reputation and offers comprehensive solutions in major asset classes, such as fixed income, equities, and real estate; both in the domestic and international markets. Our headquarters are in Reykjavík, Iceland.

Kvika has raised $227M across 1 round on record. The most recent is an undisclosed round of $227M announced in May 2025.

Kvika's most recent funding round on record is an undisclosed round of $227M, announced in May 2025.

FundedIQ lists Richard Beenstock (Founder) at Kvika.

Kvika is based in Reykjavík, Gullbringusysla, Iceland.

Kvika is in the 101-250 employee band.

Kvika's latest round of $227M is above the $15M median round size for Financial Services companies on FundedIQ across 5,752 tracked companies over the last two years.