Monthio's Head of Product and CEO take a meeting

How we began

In 2018, our founder Mads Aarup Pedersen had an idea. He’d spent almost two decades in the banking world, witnessing the challenges faced by credit departments and knew there had to be a better way.

By combining his deep expertise in credit decisioning with new Open Banking technology, he aimed to create a world where compliant loan approval was seamless, digital and instant, and loved by credit advisors and loan applicants alike.

Today Monthio is made up of 70+ international professionals, has integrated with the top Nordic banks and credit providers and has been recognized as one of the leading providers of Banking Tech and Reg Tech in Europe.

And with support from prominent investors, the next chapter of Monthio is as ambitious as the original idea.

Where we're going

Monthio is on a journey to become the preferred creditwortniess partner for banks & credit providers who want to revolutionize their loan approval process. Our vision is to lead the way in creditworthiness solutions, combining innovation, compliance, and sustainable growth.

With our deep banking expertise and cutting-edge technology, we'll transform the lending landscape, making it faster, easier and more responsible. Join us on this exciting journey as we reshape the future of finance.

Monthio employee is hard at work in the Copenhagen office

Mads Aarup Pedersen

Founder & CEO

Mads holds a wealth of banking experience from international institutions such as RBS, ABN AMRO, Nomura and Danske Bank. Here his main focus was deploying technical solutions for financial institutions, leveraging digital automation to navigate regulations. Having previously created two successful businesses, Mads established Monthio five years ago to utilize the opportunities presented by Open Banking and address the challenges faced by banks.

Mads Aarup Pedersen Monthio CEO & Co-Founder

Rune Heinrichson

Co-founder & CRO

Rune is a co-founder of Monthio and contributes to both the management team and product development. Rune has more than 30 years of experience with global financial markets and regulation, with particular expertise in the credit asset class. Rune has held leadership positions involving the organisational governance and day-to-day management of business risks as well as operational and compliance risks.

Rune Heinrichson Monthio Co-founder and CRO

Lars Anker Haugaard

CIO

Lars holds almost 20 years of international work experience in the financial services industry, including Nykredit, AP Pension and Nomura, plus leadership positions at Danske Bank. His responsibilities at Monthio include, but aren’t limited to, implementing & maintaining our extensive security measures, ensuring scalable operations for entering new markets and overseeing product development to solidify Monthio’s position as a market leader in digitizing the lending process.

Heidi Eriksen

Head of Loan & AML Advisory

Heidi is a senior financial expert with 15 years of experience in AML, CFT, and fraud prevention. With extensive knowledge in crime, money laundering, and terrorism financing prevention, she effectively manages relationships with leading banks, oversees successful implementation, and utilizes her practical expertise in bank organization to bridge IT, business, and senior management for seamless collaboration. All of this, combined with Heidi’s deep credit process expertise drives Monthio’s mission of providing innovative solutions to the financial sector.

Stefan Agergaard Hansen

Head of International Growth

With more than 10 years of experience in the credit industry and a Master’s Degree in Business and Psychology from Copenhagen Business School, Stefan holds a critical role at Monthio. Not only does he manages relationships with leading banks and credit providers while offering invaluable expertise in data-driven processes and project management. Stefan also assists clients with various needs, including business processes & compliance in creditworthiness.

Our board of directors

Chairman

CSO, Templafy

Jakob Ekkelund

Jakob brings extensive strategic experience from leadership roles at TDC and PreSeed Ventures, driving the success of startups. With expertise in metrics and KPIs, Jakob has been instrumental in guiding portfolio companies strategically. He holds a Master's degree in economics from Copenhagen Business School, where he now also lectures.

Board member

Co-founder & COO, Coinify

Hans Henrik Hoffmeyer

Hans Henrik has a successful track record of merging companies, leading strategic acquisitions and transforming start-ups to global leaders. His extensive experience in the finance industry, and international business knowledge helps drive Monthio's success in the ever-evolving fintech landscape.

Board member

Partner, EQT Partners

Rikke Kjær Nielsen

Rikke holds substantial experience in driving the success of fast-growing international companies as a board director. With a background in Mergers & Acquisitions at The Royal Bank of Scotland, Rikke holds a B.Sc. and M.Sc. in Business Administration from Copenhagen Business School.

Board member

Former Executive Leadership, Danske Bank

Glenn Söderholm

Glenn holds more than 25 years experience from Danske Bank, where he held positions in the executive leadership team. With deep insight into banking systems and a proven track record in successfully implementing digitization programs across Europe, Glenn provides invaluable expertise to Monthio's board.

Board member

Venture Capital Investor, EIFO

Mathias Kaasgaard

Mathias has over 7 years of experience as a Venture Capital Investor at EIFO, where he invests in and supports the growth of emerging startups and scale-ups. He currently serves on several boards, primarily in the Fintech and AI sectors. Mathias holds both a B.Sc. and an M.Sc. in Business Administration from Copenhagen Business School.

Blog

Tackling fabricated income information in Sweden

The new Positive Credit Register (PCR) has changed lending in Finland - but does it go far enough?

Danes in Debt: More Danes have become bad payers - but individually they owe less

Key Account Manager

Life at Monthio

Open roles

Monthio's story: From inception to success

Monthio in numbers

2018

2.2bn

70+

How we began

Where we're going

Mads Aarup Pedersen

Rune Heinrichson

Lars Anker Haugaard

Heidi Eriksen

Stefan Agergaard Hansen

Our board of directors

Jakob Ekkelund

Hans Henrik Hoffmeyer

Rikke Kjær Nielsen

Glenn Söderholm

Mathias Kaasgaard

Latest from us

Market insights

Tackling fabricated income information in Sweden

Market insights

The new Positive Credit Register (PCR) has changed lending in Finland - but does it go far enough?

Industry reports

Danes in Debt: More Danes have become bad payers - but individually they owe less