Small businesses aren’t getting the support they need. Governments and banks would like to help but face challenges of scale, while cashflow, administration and trust are their biggest problems.
hiveonline is the financial trust platform for small businesses, launching in Scandinavia in 2018. We fill the gap between banks, businesses, government and administration, with frictionless financial administration. As a business, you share decisions, contracts, authorisations and payments with your customers and suppliers via mobile, removing uncertainty and complexity. Guarantees, decisions, pictures and certificates are stored to build an indelible profile of your delivery record. Your customers, bank, retailers, authorities and businesses need to know you can be trusted so we take the administration and burden of proof away with our tailored ratings, which are based on what you’ve delivered, rather than biased reviews.
Sector driven first horizon launch
If you’re running a small business in the construction, catering and agriculture sectors in Denmark and Sweden, you’re 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, before expanding to the rest of the Nordics, which are ideal markets for hiveonline because of connectedness, low cash use and high value attached to trust.
Unlike other fintechs and banks, our combination of financial administration and indelible trust record is uniquely tailored to support the needs of small businesses holistically as part of our partner ecosystem.
Relationship driven go-to-market
hiveonline is a scalable platform designed by an experienced team, led by banking expert Sofie Blakstad and based in Copenhagen, Denmark and Stockholm, Sweden. Together, we are partnering with banks, industry bodies, NGOs and governments to reach SMEs with further opportunities to support charities, large businesses and fund managers.
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. We have deep experience within global banking service and blockchain delivery, partnering with leading ERP, accountancy, trade systems, banks, auditors and governments to provide a seamless customer experience and to reach our target market.