UK-Based Benford Is Taking Financial Audits Into the Software Age
Why Financial Auditing Is Ripe for a Technology Overhaul
Financial auditing remains one of the most important processes in modern business, but much of the experience for finance teams still revolves around gathering documents, answering repetitive questions, uploading evidence, and managing requests between auditors and companies. Benford believes the problem is not a lack of audit software, but the way the entire service is structured.
Instead of building another tool for traditional audit firms, the London-based company is building the audit firm itself around technology. Its model starts with direct connections to a company’s ledger, bank systems, ERP, invoices, and other financial infrastructure, allowing audit work to begin from underlying transactions rather than files manually assembled by a client. Every finding can then be linked back to the transaction, test, and auditor assessment behind it, creating a continuous documentation trail.
The company is initially operating through its registered Norwegian audit firm, Benford Revisjon AS, where statutory audit services are currently being delivered.
How Benford Is Transforming Financial Auditing
At the centre of Benford’s approach is AuditOS, its proprietary operating system for running statutory audits from data collection through to the signed opinion. The platform connects with financial systems, gathers evidence, automates routine procedures, manages requests and follow-ups, and keeps the audit record in one place. Instead of finance teams repeatedly responding to disconnected requests, Benford’s system is designed to surface what is missing, assign tasks, and maintain a shared record of what has been completed.
The company says AuditOS can carry the audit work from one year to the next, allowing subsequent engagements to build on existing information rather than starting from scratch. Crucially, Benford is not positioning automation as a replacement for professional judgement. Qualified auditors scope engagements, assess exceptions, review the work, and sign the final opinion, while the software handles the repetitive analytical and administrative workload.
Benford says its engagement model is designed to reduce audit fees by 25% to 50% and make finance teams two to three times more productive, although these are illustrative targets rather than guarantees for every engagement.
Benford Raises €5 Million to Build the Audit Firm of the Future
In September 2026, Benford raised €5 million in pre-seed funding to expand its technology-driven audit model across Europe. The round was led by firstminute capital, with participation from Global Founders Capital and Sondo, alongside a group of strategic investors including Peter ter Maaten of HSO, Pennylane co-founders Arthur Waller and Quentin de Metz, Qonto co-founder Alexandre Prot, and the Spandow family, founders of Amesto.
Founded by Mads Bogen Øye, Thibault Mallion, and Andreas Rystad, Benford has teams in London and Oslo and is already running client audits in Norway using AuditOS. The new capital will be used to grow both offices, hire across audit and engineering, expand into Sweden, and enter additional European markets. The company’s larger bet is that audit can be rebuilt around the technology companies already use to run their finances.
If AuditOS can reliably automate the volume work while qualified auditors retain accountability for judgement and sign-off, Benford could change not just how audits are performed, but how the entire service is delivered to modern finance teams.