Kontolink ApS Due Diligence

Run due diligence on Kontolink ApS: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · kontolink.com · 51 vendors

Kontolink is a Danish fintech company that provides automated accounting and bookkeeping software. The platform automatically collects receipts from email and mobile cameras, matches them with bank transactions, and integrates with popular accounting systems like e-conomic, Dinero, Uniconta, and Billy to streamline financial processes for businesses and accountants.

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Last updated 2026-09-15 · revision 66

51 direct vendors, 344 subvendors

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Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

ISO 27001 (source) — No public evidence

ISO 27001 is a globally recognized standard for information security management. For a company handling financial data, certification is a common customer expectation to demonstrate a commitment to security.

NIS2 (source) — No public evidence

Kontolink operates in the digital infrastructure and ICT service management sectors. With an estimated 51-100 employees, it likely meets the size threshold for an 'Important Entity' under the NIS2 Directive.

Evidence: https://kontolink.com/databehandleraftale/

AML — No public evidence

As a regulated financial entity under PSD2, Kontolink is likely subject to Anti-Money Laundering and Counter-Financing of Terrorism regulations in Denmark.

Evidence: https://thehub.io/startups/kontolink

Financials

Three-year financials

Financial Resilience Score: 4/10

Kontolink ApS shows a classic late-stage SaaS profile approaching break-even: gross profit has grown ~2.5x over three years (DKK 4.14M in 2022 to DKK 10.30M in 2025) and EBIT losses have narrowed by ~62% over the same period, indicating improving unit economics and operating leverage. The company has product-market fit signals (5,000+ SMB customers), a regulatory moat as a Danish FSA-supervised payment institution, and deep integrations with the Danish accounting/payments ecosystem (e-conomic, Dinero, Uniconta, Billy, Xero, MobilePay). However, the balance sheet is fragile. Equity turned negative in FY2024 (DKK -3.27M) and remains negative at DKK -2.61M at end-2025, meaning the company is technically insolvent on a book-equity basis and must rely on shareholder support or fresh capital under Danish company law. Cumulative net losses of approximately DKK -15.7M over 2022-2025, a thin operational base (12-15 employees), and well-capitalised competitors (Pleo, Spendesk, Cardlay, Acubiz) create meaningful execution risk. Total funding raised is modest at $2.42M. The score reflects a company with improving trajectory but limited financial cushion and dependence on continued investor backing.

Key strengths: Gross profit growth of 45.1% YoY in FY2025 (DKK 7.10M to DKK 10.30M), EBIT losses narrowing sharply from DKK -4.65M (2022) to DKK -1.75M (2025), Danish FSA authorization as a payment institution provides regulatory moat, 5,000+ SMB customers and deep integrations with Danish accounting/payment platforms, External backing from Fast Forward Capital and Mastercard Lighthouse ($2.42M raised), EY as approved auditor

Risk factors: Negative book equity of DKK -2.61M at end-2025 (technically insolvent), Four consecutive years of net losses totalling ~DKK -15.7M (2022-2025), Small operational base (12-15 employees) creates key-person dependency, Well-capitalised competitors including Pleo, Spendesk, Cardlay, Acubiz, Happay, Klippa, Revenue not disclosed (Class B filings) limits external verification of growth quality, Effectively 100% Denmark geographic concentration, Modest total funding of only $2.42M limits runway

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