SpareBank 1 SMN
SpareBank 1 SMN is a Norwegian regional savings bank serving business customers in Central Norway with accounting software, outsourced bookkeeping, financing, insurance, pension, savings, and investment services delivered through bank branches, online channels, and a network of local accounting offices.
- Company typePrivate
- Founded1985
- HeadquartersTrondheim, Norway
- Headcount251–500
- GTM typeB2B
- OfferingServices
What SpareBank 1 SMN does
SpareBank 1 SMN is a Norwegian regional savings bank (sparebank) headquartered at Søndre gate 4 in Trondheim, operating as part of the SpareBank 1 alliance — a network of independent Norwegian savings banks that share a common brand and infrastructure. Founded in 1985, the bank serves business customers in Central Norway with a portfolio spanning accounting, financing, insurance, pension, savings, and investment. Its 251-500 employees support both customer-facing delivery and the operational backbone of a multi-line regional franchise.
The bank's customer-facing accounting services are organized around four integrated offerings: Regnskapsprogram (accounting software for businesses that prefer self-service bookkeeping), Regnskapsfører (outsourced accounting services allowing delegation of all or part of the bookkeeping workload to the bank's professional accountants), Regnskapsbyrå (a full-service accounting firm providing advice from qualified accountants and specialists across multiple disciplines), and Regnskapsguiden (an educational resource explaining accounting terminology to business owners). These products are explicitly designed to accommodate businesses at different levels of in-house accounting expertise and across the spectrum from do-it-yourself to fully outsourced.
Distribution is multi-channel: physical bank branches, a self-serve online business banking platform (Nettbank bedrift), and a referral network of local accounting offices (regnskapskontor) that channel SMB customers into the bank's products. Marketing reach is concentrated in organic social (Facebook, LinkedIn, Instagram). The business model rests on cross-selling financial products (banking, lending, insurance, pension, investment) and accounting services to Norwegian SMBs in Central Norway; pricing for accounting services is contact-based rather than publicly disclosed. No funding rounds, M&A, recent leadership changes, or product-launch dates are disclosed in the source data.
SpareBank 1 SMN firmographics
Firmographics- Name
- SpareBank 1 SMN
- Legal name
- SpareBank 1 SMN
- Website
- https://smnregnskap.no
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- SpareBank 1 SMN is a Norwegian regional savings bank serving business customers in Central Norway with accounting software, outsourced bookkeeping, financing, insurance, pension, savings, and investment services delivered through bank branches, online channels, and a network of local accounting offices.
- Ownership category
- akta.pro rank
SpareBank 1 SMN industry classification
Industry- Product category
- Business Banking & Accounting Services
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (52218)
- SIC
- Savings Institution, Federally Chartered (6035), Finance Services (6199)
- akta.pro primary industry
- SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)
- akta.pro secondary industries
- SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH), Equipment & Asset Finance (SME) (FSAKAGAF)
Keywords
Where SpareBank 1 SMN is headquartered
LocationHeadquarters
- HQ city
- Trondheim
- HQ country
- Norway
- HQ region
- Europe
Markets served
SpareBank 1 SMN business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Distribution channels3 records
Marketing channels3 records
SpareBank 1 SMN product offering
Product offeringCore offering
SpareBank 1 SMN is a Norwegian regional savings bank that provides accounting, bookkeeping, financing, insurance, pension, and savings/investment services primarily to business customers in Central Norway. Its accounting arm (Regnskapsbyrået) delivers both self-service accounting software (Regnskapsprogram) and full-service outsourced bookkeeping, allowing businesses to either manage their own accounts or delegate them to professional accountants and specialists.
Product overview
SpareBank 1 SMN offers an integrated accounting services portfolio centered on its Regnskapsbyrå (accounting firm) service. The core products include Regnskapsprogram (accounting software) for businesses preferring self-service bookkeeping, and Regnskapsfører (accountant services) for outsourcing accounting tasks. The Regnskapsguiden provides educational resources to help business owners understand accounting terminology, while self-service options are available for those wanting to manage their own accounts. These products work together to serve businesses at different levels of accounting expertise and outsourcing preference.
Differentiator
Problem solved
Functional benefit
Products and services
- Regnskapsprogram Accounting software that helps businesses manage their own bookkeeping, designed to streamline daily accounting tasks for businesses of various sizes in Norway.
- Regnskapsfører Outsourced accounting services allowing businesses to delegate their entire or partial accounting workload to SpareBank 1 SMN's professional accountants.
- Regnskapsbyrå Full-service accounting firm providing expert advice from qualified accountants and specialists across multiple professional disciplines, acting as a complete sparring partner for businesses.
- Selvstendig regnskapsføring Self-service accounting option allowing business owners to manage their own bookkeeping, with guidance recommending professional assistance for those with limited experience.
Companies that use SpareBank 1 SMN
Customer profileSegments1 record
Ideal customer profiles1 record
SpareBank 1 SMN technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SpareBank 1 SMN partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights3 records
SpareBank 1 SMN competitors and assessment
Company assessmentBroad incumbents
- DNB: Norway's largest financial services group and the dominant national incumbent competing with SpareBank 1 SMN across business banking, accounting-adjacent services, insurance, and pension for the same SME segment.
- Sparebanken Vest: Large independent Norwegian regional savings bank (Western Norway) competing with SpareBank 1 SMN for Norwegian SME customers with overlapping banking, accounting-adjacent, and advisory offerings.
- Pareto Bank: Norwegian commercial bank serving Norwegian SMEs and corporate customers — competes with SpareBank 1 SMN in the business financing and banking layer that the Regnskapshuset cross-sells into.
Direct peers
- Azets: Large Nordic outsourced accounting and payroll services provider with a strong Norwegian presence — directly comparable to SpareBank 1 SMN's Regnskapsfører and Regnskapsbyrå service lines for SME clients.
- SpareBank 1 SR-Bank: Another large alliance member of the SpareBank 1 network offering the same bundled accounting, financing, insurance, and pension services to Norwegian business customers — directly comparable business model and product portfolio to SpareBank 1 SMN.
- SpareBank 1 Østlandet: Eastern Norway alliance bank in the SpareBank 1 network offering the same accounting, banking, and advisory product suite to SMEs — directly comparable in offering and customer type to SpareBank 1 SMN.
- SpareBank 1 Sørøst-Norge: Southeastern Norway SpareBank 1 alliance member with the same Regnskapshuset-style accounting services for business customers, providing near-identical product/market overlap with SpareBank 1 SMN.
- SpareBank 1 Nord-Norge: Northern Norway alliance bank within SpareBank 1 with an identical regional-savings-bank-plus-Regnskapshuset structure serving SME business customers — closest geographic and structural analog to SMN.
Emerging players
- Visma: Nordic provider of accounting, ERP, and payroll software widely used by Norwegian SMEs — directly competes with SpareBank 1 SMN's Regnskapsprogram offering and increasingly bundles automated bookkeeping features.
- Sbanken (now part of DNB): Norwegian digital bank competing for the same SME and retail customers as SpareBank 1 SMN, particularly through online-only business banking and self-service accounting integrations.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights5 records
Customer concentration
SpareBank 1 SMN social profiles
Digital presenceSpareBank 1 SMN financial estimates
Financial estimateRevenue estimate
Valuation estimate
SpareBank 1 SMN leadership team
Management profileNumber of profiles
Profiles1 record
SpareBank 1 SMN funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SpareBank 1 SMN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SpareBank 1 SMN
What does SpareBank 1 SMN do?
SpareBank 1 SMN is a Norwegian regional savings bank that provides accounting, bookkeeping, financing, insurance, pension, and savings/investment services primarily to business customers in Central Norway. Its accounting arm (Regnskapsbyrået) delivers both self-service accounting software (Regnskapsprogram) and full-service outsourced bookkeeping, allowing businesses to either manage their own accounts or delegate them to professional accountants and specialists.
Is SpareBank 1 SMN a public or private company?
SpareBank 1 SMN is a private company. It is classified as unknown and is currently operating.
When was SpareBank 1 SMN founded?
SpareBank 1 SMN was founded in 1985. It employs 251 to 500 people.
Where is SpareBank 1 SMN based?
SpareBank 1 SMN is headquartered in Trondheim, Norway, in the Europe region.
Who are SpareBank 1 SMN's main competitors?
Broad incumbents on record are DNB, Sparebanken Vest and Pareto Bank. Direct peers are Azets, SpareBank 1 SR-Bank, SpareBank 1 Østlandet, SpareBank 1 Sørøst-Norge and SpareBank 1 Nord-Norge. Emerging players are Visma and Sbanken (now part of DNB).
Does SpareBank 1 SMN have an API?
No public API is recorded for SpareBank 1 SMN.
What industry is SpareBank 1 SMN in?
SpareBank 1 SMN's product category is Business Banking & Accounting Services. Its primary akta.pro industry code is FSAKAGAJ, SME Lending Platforms & Embedded SME Credit, with a secondary code of FSABABAH, SME Equipment & Asset Finance (Leasing, Fleet, Capex). Its NAICS code is 52218 and its SIC code is 6035.