kompasbank named Denmark’s Best Bank for SMEs

“kompasbank has emerged as a disruptive force, rewriting the playbook on financial services.” These are the words of praise from FDI Insider, which has just named kompasbank Best Bank for SMEs in Denmark in 2024.

The international financial publication FDI Insider has awarded kompasbank the title of “Best Bank for SMEs in Denmark 2024”. The award is given to banks that make a real difference to the business community – and underscores the growing importance of kompasbank’s solutions and its targeted approach to meeting the needs of small and medium-sized enterprises.

At a time when many SMEs find their needs overlooked by the traditional banking system, kompasbank has chosen to build a new type of bank from the ground up – independent of legacy systems and time-consuming processes – with a clear focus on helping businesses realise their full potential.

FDI Insider particularly highlights that kompasbank:

• Delivers fast, flexible, and tailored financing solutions.

• Has built its technological platform from scratch.

• Makes it easy for businesses to get started and use the bank’s services.

• Has a deep understanding of SMEs’ needs.

“kompasbank’s impact is evidenced by its extraordinary growth rate of 1,150%, which has secured a top ranking on the Sifted 75: Nordic & Benelux Leaderboard and second place on the Sifted 250 – a list recognising Europe’s fastest-growing startups and scaleups.* These accolades underline the bank’s commitment to innovation and its ability to meet the growing demand for technology-driven banking solutions tailored to SMEs,” FDI Insider Magazine, Q1 2025.

SMEs are central to Danish business

That is why we continuously develop solutions tailored to the daily lives of SMEs.

“SMEs form the backbone of the Danish and European economies. As a society, we need banks that not only recognize SMEs’ potential but also deliver solutions with the speed and agility that match their reality. The recognition from FDI Insider underscores that our approach creates meaningful impact, significantly enhancing businesses’ competitiveness and growth. Our ambition is clear: we aim to transform how SMEs experience and engage with their bank.” says Michael Hurup Andersen, CEO and founder of kompasbank.

About the award

FDI Insider is an international organisation that annually recognises the banks and financial institutions creating exceptional value for the business community. The awards are based on growth, innovation, customer satisfaction, and societal impact:

• Innovation and industry leadership – The ability to deliver visionary solutions that set new standards in the sector.

• Economic impact – Measurable contributions to economic growth, job creation, and investment across borders.

• Sustainability and social responsibility – Commitment to sustainable practices and active participation in local communities.

• Market influence – Scalability, global reach, and impact on the international investment landscape.

• Operational excellence – Performance, efficiency, and strategic decision-making.

Read the article about us in FDI Insider Magazine

Read more about our solutions at kompasbank.dk

*Read more about the Sifted 250 list her