Lunar founders raise €8.2M to launch AI-powered audit firm Repodo

The trio that built one of Scandinavia’s most prominent digital banks just decided auditing was ripe for disruption. Ken Villum Klausen, Peter Andreasen, and Joachim Strøjer Hansen, the former CEO, CFO, and CPO of Danish neobank Lunar, have raised €8.2 million (roughly $9.6 million) in pre-seed funding for Repodo, a startup that wants to automate the most tedious parts of the audit process using artificial intelligence. From banking to bookkeeping The funding round was led by Hedosophia and Seed Capital, both of which backed Lunar in earlier fundraising rounds. Klausen stepped down as Lunar’s CEO earlier this year. Lunar itself has raised more than €500 million since its founding in 2015 and claims over one million customers. Joining the three Lunar alumni is Anders Houmann, a professional auditor. Audit is a heavily regulated profession, and no amount of clever software can replace the legal requirement for qualified human judgment on sign-off. Repodo’s bet is that AI can handle the grunt work, like data collection, transaction analysis, and pattern matching, while licensed auditors focus on the parts that actually require expertise. The company describes itself as “AI-native,” a ...