Monthio appoints experienced banking executive Torsten Hagen Jørgensen as Chairman of the board

Monthio strengthens its board as the company enters a new phase of growth, aiming to scale its impact across the European financial sector. The data-driven credit decisioning platform provider appoints former Nordea and Nets executive Torsten Hagen Jørgensen to the board of directors.

Copenhagen, 24th of June 2025 — financial services and fintech SaaS provider Monthio announces a change in its board of directors as the company enters the next stage of its scale-up ambitions. The board will now consist of four members, including new addition Torsten Hagen Jørgensen, who brings decades of senior leadership experience from some of the largest financial and information technology institutions in Europe.

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"Monthio represents a new generation of financial services providers – combining strong industry knowledge with a technical edge that offers their clients both strengthened processes and efficiency gains. I’m excited to join the board and support the team in scaling their impact across financial institutions in Europe", says Torsten Hagen Jørgensen.

With this change, Monthio’s board comprises:

• Torsten Hagen Jørgensen
• Jakob Ekkelund
• Mathias Kaasgaard
• Glenn Söderholm

Torsten Hagen Jørgensen currently serves as Non Executive Director at Nykredit and Konsolidator, and has held  top leadership roles in Nets and Nordea. His background in large-scale digital transformation and operational excellence in the financial industry is a direct match for Monthio’s continued growth and strategic direction.

"We are transitioning from being a rising startup to an established scaleup. Today, our customers include major banks and financial institutions across Europe, who rely on us for data-heavy solutions that also offer an outstanding user experience", says Mads Aarup Pedersen, CEO and founder of Monthio. "Torsten’s insight and experience from inside the industry on both the supplier and client side is precisely what we need. With his expertise we are exceptionally well-equipped to continue our expansion plans."

‍A new chapter – built on data knowledge, strong compliance, and usability

Founded in 2018, Monthio has developed a platform that transforms complex financial data into actionable insights for creditworthiness assessments and compliance. With open banking technology and advanced data models, the company supports banks and consumer lenders in making reliable decisions based on consolidated financial data from multiple sources. This is done swiftly, in compliance with regulatory requirements, and with a seamless and intuitive user experience for both the bank and the end-user. 

The changes to the board reflect this maturity and product focus. The company now strengthens its governance with deep banking IT and operational expertise, while also ensuring continuity.

"We’re pleased that our former chairman, Jakob Ekkelund, remains on the board. He has played a critical role in helping Monthio through its scaleup journey so far, and his continued engagement will be invaluable", says Mads Aarup Pedersen. 

At the same time, the company says goodbye to Rikke Kjær Nielsen and Hans Henrik Hoffmeyer, who are stepping down after a couple of years of dedicated board work.

"We are deeply grateful to Rikke and Hans Henrik for their unwavering commitment and their contribution to Monthio’s development. They’ve been key players in shaping where we are today."

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About Monthio

Founded: 2018

Headquarters: Copenhagen, Denmark

Product: SaaS platform for financial data enrichment and credit decisioning

Clients: Banks and lenders primarily across Northern Europe

Institutional investors: EIFO and North Ventures

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Press contact
Mads Aarup Pedersen
+4522258818
mads@monthio.com

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🔗 Monthio's board overview: https://www.monthio.com/aboutus

🔗 Torsten Hagen Jørgensen on LinkedIn

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