SpareBank 1 SMN

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.

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

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

• Business accounting services
• Accounting software
• Bookkeeping outsourcing
• Corporate banking services
• Financial advisory

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Distribution channels3 records

Marketing channels3 records

Core 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.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Expansion highlights3 records

Broad 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

• Facebookfacebook.com/regnskapshusetsmn
• LinkedInno.linkedin.com/company/sparebank-1-smn
• Instagraminstagram.com/sparebank1smn
• Xx.com/sparebank1smn

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SpareBank 1 SMN