hiveonline secures new Danish investor

Nyhavn by Jorge Franganillo

We are pleased to announce that Knud Lundgaard-Karlshøj, a Danish angel investor, through his company Kigkurren 2, has joined the hive with a convertible note investment of EUR 100,000 towards our next equity round.  Knud has previously worked for the IFU, the Danish investment fund focused on African investments, and has lived and worked in Kenya, one of our strategic countries for this year.  Knud holds Masters’ degrees in both Finance and Strategic Management and Digital Innovation and Management.  Kigkurren 2 invests in companies, digital startups and projects that strive to make a positive difference in the world. This could be energy savings, improving health for elderly or services to create better access to finance for the unbanked population.

We’re very excited to have Knud join us, and we look forward to learning from his experience and extending our network through his. hiveonline products, vsla.online and myCoop.online are evolving further to meet the needs of savings groups and smallholder farmers. This year we’re both building out our financial services capability and deepening our unique last mile validation, to support communities and their agricultural value chains.  

Digital financial solutions are even more critical in times of COVID and the economic restrictions that have resulted from the pandemic.  While the global North can expect to soon emerge thanks to the rollout of the virus, most countries in Africa will struggle to vaccinate their populations in the near future.  That’s why our work is even more important to the communities we support- agricultural cooperatives and village savings and loan associations-  and the financial institutions and the buyers that need to reach them. Now and beyond the crisis: the financial and data infrastructure we’re building will supplement weak legacy financial sectors and create access to finance for the unbanked, enabling the whole system to benefit more people more effectively, creating stronger economies.

We’re seeing more demand and opportunities for collaboration from across Africa and beyond, while maintaining our focus on key countries,  this year including Nigeria and Kenya.

As our portfolio of customers grows, we are currently raising additional funding to increase our development and customer teams, and support our growth across Africa.  If you would like to participate in this round, please get in touch with us at info@hivenetwork.online.

We are pleased to announce that Knud Lundgaard-Karlshøj, a Danish angel investor, through his company Kigkurren 2, has joined the hive with a convertible note investment of EUR 100,000 towards our next equity round.  Knud has previously worked for the IFU, the Danish investment fund focused on African investments, and has lived and worked in Kenya, one of our strategic countries for this year.  Knud holds Masters’ degrees in both Finance and Strategic Management and Digital Innovation and Management.  Kigkurren 2 invests in companies, digital startups and projects that strive to make a positive difference in the world. This could be energy savings, improving health for elderly or services to create better access to finance for the unbanked population.

We’re very excited to have Knud join us, and we look forward to learning from his experience and extending our network through his. hiveonline products, vsla.online and myCoop.online are evolving further to meet the needs of savings groups and smallholder farmers. This year we’re both building out our financial services capability and deepening our unique last mile validation, to support communities and their agricultural value chains.  

Digital financial solutions are even more critical in times of COVID and the economic restrictions that have resulted from the pandemic.  While the global North can expect to soon emerge thanks to the rollout of the virus, most countries in Africa will struggle to vaccinate their populations in the near future.  That’s why our work is even more important to the communities we support- agricultural cooperatives and village savings and loan associations-  and the financial institutions and the buyers that need to reach them. Now and beyond the crisis: the financial and data infrastructure we’re building will supplement weak legacy financial sectors and create access to finance for the unbanked, enabling the whole system to benefit more people more effectively, creating stronger economies.

We’re seeing more demand and opportunities for collaboration from across Africa and beyond, while maintaining our focus on key countries,  this year including Nigeria and Kenya.

As our portfolio of customers grows, we are currently raising additional funding to increase our development and customer teams, and support our growth across Africa.  If you would like to participate in this round, please get in touch with us at info@hivenetwork.online.