Flex Funding A/S Due Diligence

Run due diligence on Flex Funding A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Linde SAL ApS (Denmark) · www.flexfunding.com · 9 vendors

Flex Funding A/S is one of the Nordic region's leading crowdlending platforms, offering business loans and invoice financing to Danish and Norwegian small and medium-sized enterprises (SMEs). The platform connects businesses seeking flexible financing (from DKK 100,000 to DKK 25 million) with individual investors who can earn returns of up to 13.5%. The company is regulated by the Danish Financial Supervisory Authority (Finanstilsynet) as a payment institution and as a European Crowdfunding Service Provider (ECSP).

Resilience scores

Technology vendors

Insights

Last updated 2026-09-13 · revision 3

9 direct vendors, 146 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

GDPR (source) — Evidence found

Evidence: https://www.flexfunding.com/vilkaar-politik/politik-for-persondata, https://www.flexfunding.com/vilkaar-politik, https://www.flexfunding.com/hvem-er-vi, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32016R0679, https://www.datatilsynet.dk/

NIS2 (source) — No public evidence

Evidence: https://www.flexfunding.com/hvem-er-vi, https://www.flexfunding.com/vilkaar-politik/godkedelse-af-finanstilsynet, https://www.cfcs.dk/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2555, https://www.finanstilsynet.dk/

AML — Evidence found

Evidence: https://www.flexfunding.com/vilkaar-politik/politik-for-persondata, https://www.flexfunding.com/vilkaar-politik/whistleblowerordning, https://www.finanstilsynet.dk/, https://www.hvidvasksekretariatet.dk/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32018L0843

Financials

Three-year financials

Financial Resilience Score: 5/10

Flex Funding A/S is a small but well-regulated Nordic crowdlending platform operating a fee-based, capital-light business model. Because credit risk on facilitated loans sits with investors rather than on the company's own balance sheet, the business is structurally more resilient than a bank balance-sheet lender. The company holds a differentiated dual regulatory licence (Danish Payment Institution FT no. 22012 and pan-European ECSP authorisation under EU Regulation 2020/1503), which creates a meaningful competitive moat and enables cross-border expansion. However, resilience is constrained by the platform's modest scale. Cumulative loan volume of DKK 753M+ (not annual) across 500+ SME borrowers and 4,000+ investors suggests annual origination fee revenue is limited and profitability is likely fragile. Historical årsrapporter reportedly show prior equity injections (kapitalforhøjelser), indicating the company has needed external capital to sustain operations. The crowdlending segment has seen multiple Nordic/European casualties (Lendino, Kameo, TrustBuddy), highlighting sector fragility. Flex Funding's diversification into Norway via Folkeinvest Formidling and its white-label B2B platform offering partially offset concentration risk, but the company remains exposed to SME credit cycles, interest-rate dynamics, and ongoing regulatory compliance costs.

Key strengths: Dual regulatory licence (Danish PI + EU ECSP passport) creating a competitive moat, Fee-based, capital-light business model with credit risk borne by investors, Established platform track record with DKK 753M+ cumulative loan volume, Diversified investor base of 4,000+ reducing single-source funding reliance, Cross-border expansion into Norway via Folkeinvest Formidling integration

Risk factors: Small scale with modest annual origination fee revenue and fragile profitability, Historical need for equity injections visible in prior årsrapporter, SME credit cycle exposure affecting investor confidence and platform volumes, Interest-rate sensitivity making bank financing more competitive, Concentration in small Danish/Norwegian SME market vs. larger EU peers, Ongoing regulatory compliance costs (capital, AML, reporting) under ECSP + PI status, Sector history of failures (Lendino, Kameo, TrustBuddy) indicating structural fragility

Revenue by geography

Revenue by product/service

Workforce by country

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