Kompasbank

Best Bank for SME's - Denmark 2024

Headquartered in Copenhagen, Denmark, Kompasbank a/s is a Danish technology-driven cloud bank that provides credit & financing facilities, Transaction Banking (TxB), and Corporate banking for small- and medium-sized companies as well as deposit & savings facilities for retail depositors.

The bank is fully API- and module-driven, providing a clear and comprehensive competitive advantage in the market due to significantly lower cost, product speed, and cross-border ability.

Kompasbank’s ambition is to help SMEs reach their full potential, and it will do that by delivering, in due course, above and beyond banking services to become a prime growth enabler for SMEs. 

Kompasbank secured a full EU banking license from the Danish FSA in March 2021 and began operations (in full) in January 2022. The bank license applies to all EU countries, and the bank is currently operating in Denmark, Germany, and Spain. www.kompasbank.dk