Monthio, a Danish provider of credit data and automation solutions, is entering the Finnish market with a focus on local operations.

In Denmark, more than 85% of consumer finance and asset finance companies use Monthio’s solution, which automates income and expense analysis, reduces manual work, and provides lenders with a real-time overview of an applicant’s financial situation.

To support its expansion in Finland, Monthio has appointed Miikka Vuorikoski as Account Director.

Vuorikoski has several years of experience in the Finnish finance and credit sector, including roles supporting banks, leasing companies, and other lenders in improving credit processes, regulatory compliance, and data-driven decision-making.

“Finnish lenders are looking for solutions that help them make faster, more responsible credit decisions while meeting regulatory requirements. That balance is difficult to strike with traditional tools. Monthio’s solution helps lenders assess creditworthiness more accurately by analysing applicants’ bank transactions and turning them into clear insights into income, spending, and financial risk,”

said Vuorikoski.

Vuorikoski’s appointment will enable Monthio to work with Finnish financial institutions in asset finance, auto finance, and consumer credit.

“Miikka’s appointment is an important milestone for us. Having someone based locally, who understands the regulatory environment, customer expectations, and practical realities of lending in Finland, is essential. We look forward to contributing and building long-term relationships in the Finnish market,”

said Mads Aarup Pedersen, Founder and CEO of Monthio.

Monthio’s work in Finland is also supported by Pekka Törmälä, who acts as the company’s executive industry advisor.

Törmälä has extensive experience in the banking sector and provides advice on strategic positioning and local industry dynamics.

Featured image credit: Edited by Fintech News Nordics, based on image by Vladislav Vedenskii via Unsplash