Finklusiv

What Finklusiv does

Finklusiv ApS is a privately held Danish social enterprise founded in 2020 by Marie Birna Olafsdottir, headquartered in Copenhagen. The company addresses financial exclusion by acting as an intermediary between underbanked entrepreneurs — primarily self-employed business owners with refugee, migrant, or international backgrounds who cannot satisfy AML/KYC requirements at mainstream Danish banks — and partner banks willing to onboard them. Its core product is a structured Business Account Support Service in which Finklusiv pre-screens applicants, compiles documentation, runs a financial training course, and recommends prepared application files to partner banks. As of March 2026, Finklusiv has recommended 159 businesses to partner banks with 132 approvals, an 83% success rate.

The business model combines three monetization streams: a one-time administrative/assessment fee of 2,000–5,000 DKK charged after prequalification, a one-time success fee of 3,000–8,000 DKK payable only on bank approval, and a recurring membership subscription of 125 DKK/month for ongoing network access post-onboarding. Supplementary revenue comes from donations and EU project funding (PROFIT). Two ancillary sub-products — the Young Digital Bridge Builders volunteer program (funded by Østifterne with HackYourFuture Denmark) and the PROFIT interactive financial literacy platform (an Erasmus+ project) — extend the mission into digital skills and youth education. Underlying technology is lightweight: the website is built on Odoo, with no disclosed AI, API, SDK, or proprietary ML systems. A minimum of 65% of profits are reinvested into the social mission rather than distributed to shareholders, and operations are exclusively domestic (Denmark only, excluding Faroe Islands and Greenland).

The go-to-market is direct-to-consumer via a website application form, supplemented by community-led referrals through partner organizations (Sparrings Partnerne, Dreamplan, One Life Foundation, Oikos Fonden). The primary commercial counterparty is FasterOikos, an ethical cooperative bank (andelskasse) that receives pre-screened client referrals. An advisory board of five figures including former Merkur Andelskasse CEO Lars Pehrson and Pinetree Venture Partners' Kasper Svarrer provides strategic oversight. The company is preparing a future social microcredit line targeting 50 loans averaging 75,000 DKK each for entrepreneurs excluded from traditional bank financing.

Name

Finklusiv

Legal name

Finklusiv ApS

Website

https://finklusiv.dk

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Finklusiv is a Copenhagen-based social enterprise founded in 2020 that helps underbanked entrepreneurs in Denmark — typically refugees or migrants — open business bank accounts by preparing applications, delivering financial training, and referring clients to partner banks such as FasterOikos.

Ownership category

akta.pro rank

Product category

Financial inclusion consulting

NAICS

Credit Intermediation and Related Activities (522)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)

akta.pro secondary industries

Financial Literacy, Budgeting & Personal Finance (EDAMAHAE), SME, Microfinance & Financial Inclusion Facilities (BPADACAI)

Keywords

• Financial inclusion services
• Business account consulting
• Underbanked entrepreneur support
• Banking access facilitation
• Social enterprise advisory

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Administrative / Assessment Fee: One-time fee charged after pre-qualification, ranging from 2,000 to 5,000 DKK depending on the type and size of the business. This is the initial fee to begin the application support process.
2. Success Fee: One-time fee charged only if the business account application is approved by a partner bank, ranging from 3,000 to 8,000 DKK. This aligns Finklusiv's incentives with the client's outcome.
3. Membership Subscription: Monthly subscription of 125 DKK providing ongoing access to Finklusiv's support network after a client has successfully accessed business banking products. Billed as recurring, non-refundable, auto-renewing with 7 days' cancellation notice.
4. Donations: Finklusiv receives donations to support operations. The company states that revenues come from both commercial activities and donations, and any surplus is reinvested.
5. Social Microcredit Planning (Future): Finklusiv is in dialogue with potential partners and investors to launch social microcredits in Denmark, targeting 50 loans averaging 75,000 DKK each for entrepreneurs who cannot access traditional bank financing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Finklusiv prepares financially excluded entrepreneurs in Denmark—often refugees or individuals with international backgrounds—to obtain business bank accounts by compiling documentation, delivering a financial training course, liaising with partner banks such as FasterOikos, and recommending approved clients. It supplements this with a volunteer-based digital visibility program (Young Digital Bridge Builders), a youth financial-literacy project (PROFIT), and a recurring support membership.

Product overview

Finklusiv operates as a single integrated service platform focused on financial inclusion for underbanked entrepreneurs in Denmark. The core product is a business account support service that helps entrepreneurs—particularly those with refugee or migrant backgrounds—navigate the banking application process by preparing documentation, providing financial training, and recommending clients to partner banks. Supporting offerings include the Young Digital Bridge Builders volunteer program that pairs entrepreneurs with young digital experts for online visibility support, and the PROFIT educational platform teaching financial literacy to youth through interactive storytelling. A membership subscription (125 kr/month) provides ongoing network access post-onboarding. The company uses Odoo for its website and operational infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• PROFIT: An interactive online story that teaches young people about money, choices and life planning.
• Young Digital Bridge Builders

Products and services

• Business Account Support Service End-to-end service that prepares underbanked entrepreneurs—often refugees or migrants—in Denmark to open business bank accounts by compiling documentation, delivering a financial training course, liaising with partner banks (notably FasterOikos), and recommending approved clients. Pricing: 2,000–5,000 DKK administrative fee plus 3,000–8,000 DKK success fee on bank approval.
• Young Digital Bridge Builders (Unge Digitale Brobyggere) Volunteer program pairing young digital-skilled professionals with small entrepreneurs (typically refugees or migrants) to strengthen online visibility, including Google Business, Trustpilot, social media presence, and website development, supported by interactive online training modules.
• PROFIT Interactive online story that teaches young people about money, choices, and life planning through an educational gaming experience; tested with the Copenhagen Youth Network as part of a European project consortium.

Quantifiable outcome

• 83% success rate — 132 out of 159 recommended businesses approved for a bank account
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

14 partnerships are on record, tiered core and minor.

• FasterOikoscoreStrategic or Co-development PartnerFinklusiv's primary partner bank for recommending underbanked business owners. FasterOikos is an ethical/cooperative bank (andelskasse) with strong social values, making it receptive to serving financially excluded entrepreneurs. Multiple clients have been successfully approved for business accounts through this partnership, including Reem and Firas.
• HackYourFuture DenmarkcoreStrategic or Co-development PartnerWeb development training organization that collaborates on the Young Digital Bridgebuilders project. Their web developers handle the technical aspects (website development) while volunteers manage the communication and strategy side of supporting small business digital presence.
• TrustpilotminorStrategic or Co-development PartnerCollaborates on the Young Digital Bridgebuilders project, providing guidance on how volunteers can help small businesses set up and optimize their Trustpilot profiles to build online reputation and credibility.
• Dreist Storgaard AdvokaterminorImplementation/ SI/ Consulting PartnerLaw firm partner providing advisory board member Nikolaj Juhl Hansen as Partner. Represents Finklusiv's advisory board and legal/expertise network.
• Oikos FondenminorStrategic or Co-development PartnerDanish foundation supporting social economy initiatives. Listed as a partner organization on the Finklusiv website, contributing to the social enterprise ecosystem.
• One Life FoundationminorStrategic or Co-development PartnerFoundation partner listed on the Finklusiv website. Supports financial inclusion and entrepreneurship initiatives.
• We Make ChangeminorStrategic or Co-development PartnerListed as a partner organization on the Finklusiv website, supporting social impact and entrepreneurship programs.
• Sparrings PartnerneminorStrategic or Co-development PartnerListed as a partner organization on the Finklusiv website, part of the support network for entrepreneurs.
• DreamplanminorStrategic or Co-development PartnerListed as a partner organization on the Finklusiv website, part of the entrepreneurial support ecosystem.
• Fishtank Social HubminorImplementation/ SI/ Consulting PartnerCo-working/social hub location in Copenhagen where Finklusiv's office is located at Ingerslevsgade 44, st., 1705 Copenhagen SV.
• PROFIT Project ConsortiumminorStrategic or Co-development PartnerEuropean project partners including Instituto Ikigai (Spain), ServIn (Italy), Danmar Computers (Poland), and Caroline Elvegård/Foku (Norway). An interactive online story teaching young people about money, choices and life planning, funded under a European program.
• Social Entrepreneurs Denmark (SED)minorStrategic or Co-development PartnerMembership organization for social entrepreneurs in Denmark. Finklusiv is listed as a proud member.
• People & Planet FirstminorStrategic or Co-development PartnerCertification/accreditation body for social enterprises. Finklusiv holds verified social enterprise certification.
• Danish Forum for MicrofinanceminorStrategic or Co-development PartnerIndustry network for microfinance in Denmark. Finklusiv is a member, contributing to the microfinance ecosystem and knowledge sharing.

Scale indicators6 records

Direct peers

• Dreamplan: Danish financial planning platform listed as a Finklusiv partner organization. Targets similar SMB/entrepreneur segments and operates in the same Danish social-enterprise ecosystem.
• Opportunity International: Microfinance network providing small-business loans, savings, and training to entrepreneurs in developing countries. Comparable in targeting underbanked SMB owners and combining financial access with advisory support.
• Accion: Global nonprofit dedicated to financial inclusion, providing advisory and capital to microfinance institutions serving low-income entrepreneurs. Mirrors Finklusiv's intermediation role between underserved SMBs and regulated financial institutions.
• Grameen Foundation: Global nonprofit advancing financial inclusion through microfinance and banking-access programs for the underserved. Operates Bankers Without Borders consulting model analogous to Finklusiv's referral/mediation approach.
• HackYourFuture Denmark: Copenhagen-based web-development training program for refugees, a direct partner of Finklusiv in the Young Digital Bridgebuilders program. Targets the same migrant/refugee demographic with adjacent upskilling services.

Broad incumbents

• Tide: UK digital business banking platform focused on SMBs including underserved segments. Comparable in serving entrepreneurs who struggle with traditional bank onboarding, though operating as a direct bank rather than a referral intermediary.
• Kiva: Global crowdfunding microfinance platform enabling crowdfunded loans to underserved entrepreneurs. Comparable to Finklusiv's planned social-microcredit product and similar SMB/migrant entrepreneur target demographic.

Others

• Mifos Initiative: Open-source platform serving microfinance institutions globally. Provides the technology layer that financial-inclusion intermediaries like Finklusiv rely on for credit operations at scale.

Emerging players

• Talent Beyond Boundaries: Nonprofit connecting refugees with employment and entrepreneurship opportunities globally. Highly comparable to Finklusiv's mission of enabling displaced populations to build sustainable livelihoods through formal economic participation.
• Nova Credit: US fintech that translates international credit history for immigrants to unlock access to mainstream US financial products. Comparable in solving the cross-border/no-local-credit-history barrier that excludes Finklusiv's target customers from Danish banks.

Market position

Strengths5 records

Weaknesses5 records

Key risks2 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Finklusiv
• LinkedInlinkedin.com/company/finklusiv

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Finklusiv