Former executives from Danish digital bank Lunar have closed a sizable early funding round to launch Repodo, an authorized audit firm designed around artificial intelligence rather than traditional, labor-intensive workflows.
The Copenhagen-based company raised €8.2 million in pre-seed capital, a figure that stands out in the Nordic market and is being used to build technology, grow the team, and open for clients in Denmark before a broader European rollout.
The founding group includes Ken Villum Klausen, Lunar’s former chief executive; Peter Andreasen, its former finance chief; and Joachim Strøjer Hansen, its former product lead.
They are joined by licensed auditor Anders Houmann, whose professional credentials allow the firm to issue statutory opinions.
That combination is central to the model: Repodo is not selling software to existing practices.
It is itself a regulated audit firm in which AI systems handle much of the repetitive work while qualified people retain judgment, oversight, and the final signature.
Hedosophia and Seed Capital led the round. Both firms previously backed Lunar, which grew into a major Nordic neobank with more than a million customers and hundreds of millions of euros in total funding.
Additional well-known angels also participated.
The capital will support platform development and a planned expansion market by market after the Danish launch, which targets small and medium-sized companies first.
Auditing has been slower than banking, tax, or legal services to absorb automation.
Rules require a licensed professional to take responsibility for the opinion, and the industry still depends heavily on manual collection, matching, documentation, and transaction review.
Repodo’s pitch is that those steps can be redesigned from the start with AI agents that work continuously, rather than bolted onto year-end processes.
The company argues this can produce faster closes, fewer surprises, and a lower-cost experience for clients without removing human accountability.
Klausen has framed the opportunity as a chance to rebuild an operating model that still relies on large amounts of routine processing.
In his view, technology should absorb that load so auditors can spend more time on risk, judgment, and issues that actually require expertise.
Investors have echoed that distinction, describing the effort as a rebuild of the firm’s operating system rather than an add-on chatbot for legacy practices.
The addressable market is large.
Estimates put European audit services in the mid-tens of billions of dollars, with a handful of global networks still dominating statutory work.
Repodo is starting smaller, with SMEs in Denmark, and presenting itself as an AI-native authorized firm rather than a tool vendor.
That structure also means it would carry professional liability if an opinion later proved flawed—unlike a software supplier sitting outside the regulated chain.
Whether clients and supervisors will trust a young, technology-first firm with statutory sign-off remains an open question.
Competitors are also applying agents to parts of the audit file. Repodo’s bet is that building the licensed firm and the software together, with a team that already scaled a regulated financial business, will matter more than incremental tools. Onboarding is slated for 2026, with a waitlist already open.
