spektr Raises $20M Series A to Eliminate Manual Compliance Work Across Financial Services

spektr, building AI agents that handle the manual work behind compliance, led by Mikkel Skarnager, Ciprian Florescu, Jan-Erik Wagner, and Jeremy Joly, has raised a $20 million Series A funding round led by NEA, with continued participation from Northzone, Seedcamp, and PreSeed Ventures. The new capital will go toward expanding our AI platform and accelerating adoption across financial institutions globally.

The Problem Being Solved

Compliance teams at banks and financial institutions continue to spend significant time on repetitive tasks such as reviewing corporate documents, mapping ownership structures, cross-referencing data sources, and manually writing risk rationales. Despite years of technological investment, much of KYC and KYB work remains analyst-driven and fragmented across multiple systems.

Most existing tools focus on workflow management and data aggregation, but the core bottleneck lies in the underlying work itself rather than the workflow around it.

Compliance technology has primarily focused on workflow and data collection, while the core bottleneck has remained the underlying work itself: analysts researching companies, interpreting information, and documenting decisions.

What Has Been Built

Spektr is a platform of specialized AI agents designed to handle the analytical work performed during compliance reviews. These agents research companies, verify business activity, interpret information across multiple sources, and generate structured risk assessments.

Tasks that previously required hours of manual analyst work are reduced to minutes, with compliance teams focusing on review and approval rather than end-to-end production.

Financial institutions can design onboarding and monitoring workflows and deploy networks of agents within them, transforming manual, analyst-driven processes into automated operations at scale. The platform supports both onboarding and ongoing monitoring, ensuring continuous coverage beyond initial checks.

Who Is Already Using It

Banks, financial institutions, and enterprises are already live on the platform, including Pleo, Santander Leasing, Mercuryo, Phantom, and Monta.

“Spektr is tackling the most manual part of compliance operations in financial services. The approach has the potential to redefine how compliance operations are run.” — Luke Pappas, Partner, NEA

What’s Next

The funding enables faster expansion of the platform’s capabilities, deeper integrations across financial infrastructure, and continued team growth. The focus remains on improving compliance operations at financial institutions by making them faster, more consistent, and less dependent on manual effort or individual intervention.