Small businesses aren’t getting the support they need. Governments and banks face a scale challenge helping them, while cashflow, administration and trust are their biggest problems.

hiveonline is the financial trust platform for Scandinavian small businesses. We fill the gap between banks, businesses, government and administration, with frictionless financial administration that builds a trust vault. Businesses, customers, workers and suppliers share decisions, contracts, authorisations and payments via mobile, while guarantees, decisions, pictures and certificates are stored in the trust vault. The trust vault builds an indelible profile on blockchain, so customers, banks, community members, retailers, authorities and businesses know that work was completed and that records are true

Our platform is blockchain based, built through a global consortium of fintechs and we will need 1.5m Euros to reach our live market offering in 2017.

Sector driven first horizon launch

Our first horizon customers don’t sit at their PCs all day – they’re the 180,000 Danish and Swedish builders, farmers and restauranteurs employing fewer than 100 people, so our Q3 2017 offering is mobile only. Second horizon expands to all Nordics and all 1.3 million SMEs in the region, by end 2018, with positive ROI in Year 3/4. The Nordics are ideal markets for hiveonline because of connectedness, low cash use and high value attached to trust.

While many fintechs address the SME administration challenge, and some integrate with banking, our combination of financial administration and indelible trust record is unique. Our model is closer to a platform bank, but we are not aiming to become a bank short term, instead operating under an e-money licence and offering banks our platform as an incentive to their SME customers. So we are building relationships with partners who could otherwise be considered competitors including banks, SME accounting and payments fintechs. For hiveonline, every competitor is a potential partner.

Relationship driven go-to-market

hiveonline’s experienced team, led by banking rebuild expert Sofie Blakstad     , is partnering with banks, industry bodies and governments to reach SMEs, with growth potential into larger businesses, NGOs and charities. Your seed funding will continue our development towards a 2017 customer launch. Sofie (UBS, RBS, Citi, Nordea, Goldman Sachs, Chase, Merrill, Lehmans) has nearly 20 years’ experience delivering global service-aligned universal banks and startups. She is passionate about helping customers to succeed and grow. The team has a combination of 80+ years of experience and includes leading edge brains in blockchain, CX-driven service design and architecture, amongst others.



hiveonline takes the administrative pain out of running your business, providing use-anywhere safe, flexible financial management so you can focus on delivering exceptional service to your customers. Our incorruptible trust record helps your customers see the decisions they’ve made, encourages early payment and provides a guarantee of your reliability to banks, customers and potential partners.





We give customers clear and easy financial and operations support that allows them more time to run the core parts of their business. Using predictive analytics and behavioural insights, we will tailor hiveonline to provide the best tools to support each individual user’s needs at the right point in time. With a wide partner network we aim to provide a platform which can assist companies to achieve their business goals in whatever way necessary.

Background and more details…

hiveonline is the brainchild of a team of banking and technology professionals who think that building and running a small business shouldn’t be as difficult, painful and risky as it is today. SMEs struggle with cash flow and complain about administration, while the uncertainty and difficulty of finding trusted partners restricts their growth.

How it works

Our underpinning blockchain technology means that platform members know they can trust our records, without validation by a bank, government, or third party, and this also applies for banks, governments and third parties seeking the confidence to help SMEs. More than just a cool app, hiveonline is a financial trust platform that builds an indelible record of work completed, including hours, proof of work completed and decisions made by the end customer, such as receipts, chat interactions, photographs and certificates. Contracts between businesses and their customers store business rules for payment and connect to a system of e-wallets. This allows us to provide invoice-free payments and microfinancing to bridge payment gaps, instead of process-based loan applications and invoicing.

Our first horizon customers are SMEs in the construction, catering and agriculture sectors in Denmark and Sweden, busy working onsite instead of sitting at a PC all day, so our first horizon interface is mobile only. The platform adds business rules, analytics and some AI on top of our blockchain, with partner capabilities managed by third parties offering a rich variety of administrative services tailored to the market. We support this offering with community events and information, bringing the trust network alive to our core customers.

Growth potential

We are supporting organisations in the region including banks and innovation agencies in helping their SME customers realise greater potential. We have identified many macroeconomic factors that make this sector and region ideal for first horizon launch, including single sign-on protocols (NemID, BankID), low use of cash and high quality standards, which makes the target market eager to embrace a system that proves quality and trust.

Looking forward, however, hiveonline has applications to larger companies, charities, collectives and other organisations needing to relate decisions to payments and record keeping, and build a trust profile. As we learn from our first horizon customers, we will further refine our offering to include more analytics and AI supporting a wider variety of customer types. Early customer demand, not just from our first horizon customers, but from charities and large businesses, looks strong. We recognise the need to scale incrementally and are therefore developing syndication and licensing approaches to sectors that fall outside our target market at any given time.

Let’s keep in touch…

Subscribe to our mailing list

* indicates required

I’m interested in being a