Monthio's story: From inception to success

Monthio is the creditworthiness solution that innovative credit teams use to make loan approval quicker, easier and more accurate. That’s why the Nordics’ leading banks and credit providers work with Monthio.
Two Monthio colleagues look over Copenhagen office while holding a coffee and laptop

Monthio in numbers


Founded in


Transactions a year


International employees
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.
Trusted by leading financial providers
Nordea logo BNP Paribas logoJyske Bank logocoop bank logo tf bank logo

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

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.
Lars Anker Haugaard Monthio CIO

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.
Heidi Eriksen Head of Loan & AML Advisory

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.
Stefan Agergaard Hansen Monthio CCO

Our board of directors

Glenn Söderholm
Board member
Former Executive Leadership, Danske Bank
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.
Jakob Ekkelund
CSO, Templafy
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.
Rikke Kjær Nielsen
Board member
Partner, EQT Partners
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.
Hans Henrik Hoffmeyer
Board member
Co-founder & COO, Coinify
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.

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