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

Repodo, a newly launched authorised audit firm built around artificial intelligence from the ground up, has raised 8.2 million euros in pre‑seed funding to begin operations in Denmark ahead of a planned expansion across Europe.

The round was led by Hedosophia and Seed Capital, with participation from a group of prominent investors. Repodo was founded by Ken Villum Klausen, Peter Andreasen, and Joachim Strøjer Hansen, who previously built and scaled Nordic digital bank Lunar as chief executive, chief financial officer, and chief product officer respectively. They are joined as a fourth co‑founder by Anders Houmann, a qualified auditor who brings specialist audit expertise to the founding team, a deliberate pairing of fintech‑building experience with deep domain knowledge of how audit actually works inside a regulated firm.

The problem Repodo is built to address is one Klausen has described as structural rather than incidental to the profession. Much of the innovation applied to audit so far has focused on layering new technology onto existing firms and workflows to make them modestly more efficient, without changing the underlying operating model itself. Repodo is taking a different approach: rather than adding AI tools to an existing audit process, the company has designed its technology, workflows, and customer experience around AI from the outset, while keeping qualified, licensed auditors responsible for professional judgement, risk assessment, and final sign‑off on every engagement.

"Audit is still built around an operating model that depends heavily on manual work," Klausen said. "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."

In practice, Repodo's platform automates the more repetitive stages of an audit engagement, including data collection, reconciliations, documentation, and transaction analysis. That automation is intended to free up auditors to spend more of their time on exceptions, complex judgement calls, and the higher‑value conversations with clients where professional experience genuinely matters, rather than on the manual preparation and processing work that currently consumes a large share of a typical audit's timeline. The model is also designed to reduce the burden on the client side of the relationship, cutting down the time business owners spend gathering documentation, responding to routine information requests, and otherwise supporting a manual audit process.

The market opportunity behind the launch is substantial. Europe's audit market is worth more than 80 billion euros annually, and statutory audit remains a costly, time‑consuming, and administratively demanding obligation for many small and medium‑sized businesses that have little choice but to comply with it regardless of the friction involved. Repodo is launching with an initial focus on exactly that segment, small and medium‑sized businesses in Denmark, betting that a faster, lower‑friction, and more affordable audit experience can differentiate it sharply from incumbent firms built around decades‑old manual processes.

Hedosophia partner Sarra Zayani pointed to the founding team's specific combination of experience as central to the firm's decision to back the company. "What stood out to us about Repodo is that the team is not simply applying AI to an existing audit workflow. They are rebuilding the operating model around the technology while preserving the professional accountability that audit requires," Zayani said. "The founders combine first‑hand experience of building and scaling a technology challenger in a highly regulated market with a clear view of how AI can change the economics and customer experience of a very large industry. We believe that creates the foundations for a significant European company."

Klausen has framed Repodo's ambition in terms that echo Lunar's own trajectory from a single‑market Nordic challenger bank into a broader regional player. "We have seen before how technology can fundamentally improve the customer experience in a heavily regulated industry," he said. "We believe the same opportunity now exists in audit. Denmark is our starting point, but our ambition is to build a European audit firm for the AI era."

With the new capital, Repodo plans to further develop its technology platform, build out its team, and support its launch in Denmark, with the company structured from the outset to expand market by market across additional European countries as it establishes its initial operations. The founding team's track record building Lunar inside one of the most tightly regulated corners of financial services gives Repodo a degree of credibility entering an equally regulated profession, though audit carries its own distinct licensing, liability, and professional oversight requirements that a banking background alone will not fully prepare a company for. Whether Repodo can translate that fintech‑building experience into a genuinely differentiated audit firm, rather than simply a faster version of the same manual process, will become clearer once the company moves from its Danish launch into its first cross‑border market.