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.

Where we're going

Monthio is on a journey to become the preferred creditworthiness 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

Our leadership team

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 organizational governance and day-to-day management of business risks as well as operational and compliance risks.

Rune Heinrichson Monthio Co-founder and CRO

Christian Bach Jensen

Chief Commercial Officer

Christian leads all key commercial functions at Monthio, overseeing sales, marketing, and customer success. With a background in senior roles across banking and strategy, he has built and scaled commercial teams, shaped go-to-market strategies, and led large-scale digital transformations. At Monthio, he steers both growth and the company's strategic direction as it expands across Europe.

Lars Anker Haugaard

CIO

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.

Our board of directors

Chairman

Former Executive Leadership, Nordea & Nets

Torsten Hagen Jørgensen

Torsten has held executive leadership roles at Nordea and Nets, where he focused on governance, technology, operations, and large-scale digital transformation - areas central to Monthio's mission as a data-driven fintech. He currently serves as a Non-Executive Director at Nykredit and Konsolidator, and brings over 30 years of experience in the financial services industry, with deep insight into the demands of modern banking and its digital infrastructure.

Board member

Venture Capital Investor, EIFO

Mathias Kaasgaard

Mathias has over 7 years of experience as a Venture Capital Investor at EIFO, where he invests in and supports the growth of emerging startups and scale-ups. He currently serves on several boards, primarily in the Fintech and AI sectors. Mathias holds both a B.Sc. and an M.Sc. in Business Administration from Copenhagen Business School.

Board member

Former Executive Leadership, Danske Bank

Glenn Söderholm

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.

Board member

CSO, Templafy

Jakob Ekkelund

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.

Blog

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

Swedish Lending Reform: A Disruption for the Industry And a Window of Opportunity.

The new Positive Credit Register (PCR) has changed lending in Finland - but does it go far enough?

Life at Monthio

Open roles

Monthio's story: From inception to success

Monthio in numbers

2018

2.2bn

70+

How we began

Where we're going

Our leadership team

Mads Aarup Pedersen

Rune Heinrichson

Christian Bach Jensen

Lars Anker Haugaard

Our board of directors

Torsten Hagen Jørgensen

Mathias Kaasgaard

Glenn Söderholm

Jakob Ekkelund

Latest from us

Company news

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

Market insights

Swedish Lending Reform: A Disruption for the Industry And a Window of Opportunity.

Market insights

The new Positive Credit Register (PCR) has changed lending in Finland - but does it go far enough?