# Monthio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monthio-aps

- Industry: Financial Services
- Headquarters: Copenhagen, Denmark
- Website: www.monthio.com/
- Total disclosed funding: $12M
- Latest round: Series A (Oct 18, 2024)
- Investors on record: 2

## About

Based in Copenhagen, Denmark, and founded in 2018 by CEO Mads Aarup Pedersen, Monthio ApS operates as a provider of open banking platform solutions, enabling creditworthiness assessments through real-time data to banks, consumer lenders, and other financial institutions to improve their loan decisions. In October 2024, Monthio ApS raised DKK 85 million in Series A funding from North Ventures Aps and Hamar, with participation from Export and Investment Fund of Denmark.

The company provides a financial technology platform that offers creditworthiness assessment tools to banks, lenders, and financial institutions. The platform services include income verification, risk and insights, categorization, and debt insights. Moreover, the firm offers solutions such as improved open banking integrations, real-time financial data analysis, and automated credit decisioning. Additionally, Monthio ApS also provides services such as expense verification and account verification.

## Funding rounds

- Series A, Oct 18, 2024, $12M — North Ventures, Export and Investment Fund of Denmark

## Investors

- North Ventures (https://capitalatlas.ai/funds/north-ventures) — Series A
- Export and Investment Fund of Denmark (https://capitalatlas.ai/funds/export-and-investment-fund-of-denmark) — Series A