Lunar Founders Raise €8.2M to Launch AI-Native Audit Firm Repodo

The founders of Nordic digital bank Lunar have secured €8.2 million in pre-seed funding to launch Repodo, an AI-native authorised audit firm. For fintech professionals, this represents a significant shift in the professional services landscape, applying the challenger bank philosophy to the €80 billion European audit market to automate high-friction regulatory requirements.

What was announced

Repodo has emerged from stealth with an €8.2 million pre-seed round led by Hedosophia and Seed Capital. The company, which is an authorised audit firm, was founded by the core leadership team behind Lunar: Ken Villum Klausen, Peter Andreasen, and Joachim Strøjer Hansen. They are joined by co-founder and auditor Anders Houmann.

The firm is entering a European audit market currently valued at over €80 billion annually. While existing innovation in the sector has largely focused on layering digital tools onto legacy workflows, Repodo has built its entire operating model around artificial intelligence from the ground up. The platform targets small and medium-sized businesses (SMBs), for whom statutory audits are frequently a significant administrative and financial burden.

The technology automates the most labour-intensive aspects of the audit cycle, including data collection, transaction analysis, reconciliations, and documentation. Despite the heavy reliance on AI for processing, the firm maintains a traditional regulatory structure where qualified auditors remain responsible for risk assessment, professional judgement, and the final sign-off. Repodo is launching first in Denmark with the intention to expand across Europe on a market-by-market basis.

"Audit is still built around an operating model that depends heavily on manual work. AI gives us the opportunity to redesign that model from the ground up - not by removing auditors, but by allowing technology to handle more of the repetitive processing and giving auditors more time to focus on judgement, risk and the issues where their expertise really matters."

Ken Villum Klausen, CEO and co-founder of Repodo.

The companies involved

Repodo is a newly established authorised audit firm headquartered in Denmark. The leadership team brings deep experience in disrupting regulated industries, having previously built Lunar, one of the most prominent digital challenger banks in the Nordic region. Peter Andreasen serves as CFO and co-founder, while Joachim Strøjer Hansen holds the role of CPO and co-founder.

Lunar, the founders' previous venture, has established itself as a major player in the Nordic financial ecosystem, offering a range of banking, payment, and investment services to both retail and business customers. The bank has been a frequent subject of interest for major venture capital firms due to its rapid growth in a highly consolidated banking market.

The funding round was led by Hedosophia, a global investment firm known for backing high-growth technology companies, and Seed Capital, a prominent Danish venture capital firm. These investors are betting on the team’s ability to replicate their success in fintech within the adjacent, and similarly rigid, professional services sector.

What FF News has reported before

FF News has closely followed the trajectory of the founders' previous company, Lunar, particularly its expansion and funding milestones. We recently covered how Lunar Raises €46 Million to Accelerate Nordic Growth, highlighting the bank's continued momentum in the region. Our reporting has also touched on their product innovations, such as when Lunar Launches “Wallet Story” – Your Banking Year as a Comic, and their strategic partnerships, including when Visa Direct Collaborates With Moonrise by Lunar to Expand Local Payment Access and Virtual Accounts Across the Nordics.

What this means

The entry of a "challenger" audit firm signals that the era of AI-driven disruption is moving beyond front-end fintech into the back-office infrastructure of corporate governance. By rebuilding the audit workflow around AI rather than just digitising paper trails, Repodo is putting pressure on mid-tier accounting firms that rely on billable hours for manual data entry. The success of this model will depend on how European regulators view the balance between algorithmic processing and human oversight. If Repodo can maintain the rigour of a statutory audit while significantly undercutting the price and duration of traditional firms, it may force a rapid consolidation or technological arms race across the European professional services sector.