Lunar co-founders launch AI audit startup Repodo, raising over €8M
The co-founders of Danish challenger bank Lunar have launched an AI audit startup, which has secured over €8 million in pre-seed funding. Called Repodo, it has four co-founders in total, including the...
Danish challenger bank Lunar has given birth to an AI audit startup called Repodo, which has secured over €8 million in pre-seed funding. The four co-founders of Repodo are Lunar's former CEO Ken Villum Klausen, former chief finance officer Peter Andreasen, former chief product officer Joachim Strøjer Hansen, and Anders Houmann, a professional auditor.
Repodo aims to streamline the audit process for businesses and auditors, reducing manual labor and creating a more efficient experience. The €8.2m pre-seed round was led by Hedosophia and Seed Capital, with other prominent investors also participating. Repodo intends to target small and medium-sized businesses and plans to expand across European markets.
The startup believes that audit market is worth €80bn globally. Klausen emphasized that AI allows for a redesign of the audit model, enabling technology to handle repetitive tasks and allowing auditors to focus more on judgment, risk, and critical issues.
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