Sector:
Web3
Country:
Denmark
Year
2024
Short Description
ComplyPay builds bankless payment infrastructure for platforms and marketplaces. Its API-driven smart accounts automate fund segregation, split payouts, and compliant distribution so customer money stays separated, visible, and secure by design. The product replaces brittle bank workflows and Stripe Connect style workarounds with programmable money flows that reduce manual ops and fraud risk.
Founders
Mads Stolberg-Larsen
,
Co-founder & MD
Stefan Krumbaek
,
Co-founder & CEO
Jason Spasovski
,
Co-founder & CTO
Why we invested
ComplyPay fits our fintech thesis around embedded finance and programmable money. By letting platforms hold and distribute funds with rules built directly into the system, it replaces fragile workarounds with infrastructure. This kind of foundational platform is exactly what we want to help grow early.
Founder Story
Stefan Krumbæk
,
Co-founder & CEO
Stefan played handball on contract and assembled Denmark's best e-sports players at twenty, but still didn't know what he wanted to build. He'd studied entrepreneurship in business school and wanted something unconventional, so he enrolled at Kaospilot, a program built on creative disruption. His first job at Qymatic reflected that: three years alone in Denmark, reversing thirteen years of failure. When the turnaround succeeded and corporate stagnation set in, he left for startups, trading security for ownership. Through roles at Roger and Kevin, he specialized in payment automation, but each acquisition pulled him back toward corporate bureaucracy he couldn't tolerate.
Then a capital fund asked him to rescue a failing payment institution. It collapsed. The company lacked proper systems to track whose money was whose, and Stefan spent four years in court helping regulators understand what went wrong.
Open banking at Kevin had promised disruption, but still relied on the same fragile bank rails. In that period, he met with Mads, and when they started talking through the cases and problems Stefan had witnessed, he saw it: automated fund segregation and full transparency that could have prevented the failures. Out of that, ComplyPay emerged. He wasn't interested in fixing banks. He wanted to make them obsolete.
ComplyPay exists because customer funds should never be vulnerable to misuse through fraud, negligence, or outdated systems. Stefan and the team built it to guarantee that money on platforms stays separated, visible, and secure through infrastructure, not promises. Today, ComplyPay provides automated, transparent account systems that remove platforms' dependence on banks entirely.
Stefan played handball on contract and assembled Denmark's best e-sports players at twenty, but still didn't know what he wanted to build. He'd studied entrepreneurship in business school and wanted something unconventional, so he enrolled at Kaospilot, a program built on creative disruption. His first job at Qymatic reflected that: three years alone in Denmark, reversing thirteen years of failure. When the turnaround succeeded and corporate stagnation set in, he left for startups, trading security for ownership. Through roles at Roger and Kevin, he specialized in payment automation, but each acquisition pulled him back toward corporate bureaucracy he couldn't tolerate.
Then a capital fund asked him to rescue a failing payment institution. It collapsed. The company lacked proper systems to track whose money was whose, and Stefan spent four years in court helping regulators understand what went wrong.
Open banking at Kevin had promised disruption, but still relied on the same fragile bank rails. In that period, he met with Mads, and when they started talking through the cases and problems Stefan had witnessed, he saw it: automated fund segregation and full transparency that could have prevented the failures. Out of that, ComplyPay emerged. He wasn't interested in fixing banks. He wanted to make them obsolete.
ComplyPay exists because customer funds should never be vulnerable to misuse through fraud, negligence, or outdated systems. Stefan and the team built it to guarantee that money on platforms stays separated, visible, and secure through infrastructure, not promises. Today, ComplyPay provides automated, transparent account systems that remove platforms' dependence on banks entirely.
Sector:
Web3
Country:
Denmark
Year
2024
Short Description
ComplyPay builds bankless payment infrastructure for platforms and marketplaces. Its API-driven smart accounts automate fund segregation, split payouts, and compliant distribution so customer money stays separated, visible, and secure by design. The product replaces brittle bank workflows and Stripe Connect style workarounds with programmable money flows that reduce manual ops and fraud risk.
Founders
Mads Stolberg-Larsen
,
Co-founder & MD
Stefan Krumbaek
,
Co-founder & CEO
Jason Spasovski
,
Co-founder & CTO
Why we invested
ComplyPay fits our fintech thesis around embedded finance and programmable money. By letting platforms hold and distribute funds with rules built directly into the system, it replaces fragile workarounds with infrastructure. This kind of foundational platform is exactly what we want to help grow early.
Founder Story
Stefan Krumbæk
,
Co-founder & CEO
Stefan played handball on contract and assembled Denmark's best e-sports players at twenty, but still didn't know what he wanted to build. He'd studied entrepreneurship in business school and wanted something unconventional, so he enrolled at Kaospilot, a program built on creative disruption. His first job at Qymatic reflected that: three years alone in Denmark, reversing thirteen years of failure. When the turnaround succeeded and corporate stagnation set in, he left for startups, trading security for ownership. Through roles at Roger and Kevin, he specialized in payment automation, but each acquisition pulled him back toward corporate bureaucracy he couldn't tolerate.
Then a capital fund asked him to rescue a failing payment institution. It collapsed. The company lacked proper systems to track whose money was whose, and Stefan spent four years in court helping regulators understand what went wrong.
Open banking at Kevin had promised disruption, but still relied on the same fragile bank rails. In that period, he met with Mads, and when they started talking through the cases and problems Stefan had witnessed, he saw it: automated fund segregation and full transparency that could have prevented the failures. Out of that, ComplyPay emerged. He wasn't interested in fixing banks. He wanted to make them obsolete.
ComplyPay exists because customer funds should never be vulnerable to misuse through fraud, negligence, or outdated systems. Stefan and the team built it to guarantee that money on platforms stays separated, visible, and secure through infrastructure, not promises. Today, ComplyPay provides automated, transparent account systems that remove platforms' dependence on banks entirely.
Stefan played handball on contract and assembled Denmark's best e-sports players at twenty, but still didn't know what he wanted to build. He'd studied entrepreneurship in business school and wanted something unconventional, so he enrolled at Kaospilot, a program built on creative disruption. His first job at Qymatic reflected that: three years alone in Denmark, reversing thirteen years of failure. When the turnaround succeeded and corporate stagnation set in, he left for startups, trading security for ownership. Through roles at Roger and Kevin, he specialized in payment automation, but each acquisition pulled him back toward corporate bureaucracy he couldn't tolerate.
Then a capital fund asked him to rescue a failing payment institution. It collapsed. The company lacked proper systems to track whose money was whose, and Stefan spent four years in court helping regulators understand what went wrong.
Open banking at Kevin had promised disruption, but still relied on the same fragile bank rails. In that period, he met with Mads, and when they started talking through the cases and problems Stefan had witnessed, he saw it: automated fund segregation and full transparency that could have prevented the failures. Out of that, ComplyPay emerged. He wasn't interested in fixing banks. He wanted to make them obsolete.
ComplyPay exists because customer funds should never be vulnerable to misuse through fraud, negligence, or outdated systems. Stefan and the team built it to guarantee that money on platforms stays separated, visible, and secure through infrastructure, not promises. Today, ComplyPay provides automated, transparent account systems that remove platforms' dependence on banks entirely.