Norwegian Fintech Startup Bislab Secures €1.7M in Pre-Seed Funding for International Growth

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Oslo, Norway – November 8, 2024 – Norwegian fintech innovator Bislab has raised €1.7 million in pre-seed funding to accelerate its international expansion. The funding round, led by Sondo Capital with participation from key angel investors including Frank Vikingstad (Sysco, Viglio), Christoffer Herheim (Optio), and Bent Skisaker (Autostore), will help Bislab enhance its cutting-edge credit risk assessment technology and establish its presence in new markets.

Founded by four experienced entrepreneurs with backgrounds from SafetyWing, Knowit, and Accenture, Bislab has designed an advanced credit and risk assessment system that provides highly accurate, real-time credit checks. Its proprietary API solution integrates seamlessly with financial institutions’ existing infrastructures, allowing banks, insurers, and large corporations to assess credit ratings, detect fraud, and conduct anti-money laundering checks—all in real-time.

After two years of intensive development from a small Oslo apartment, Bislab’s platform has already attracted nearly 50 clients, including prominent Norwegian companies like Fiken, Eika Forsikring, and BankID. The startup recently secured a contract with the Norwegian Tax Administration, underscoring its reputation as a trusted local provider of high-quality financial crime prevention services.

“Our goal is to develop industry-leading risk assessment products that address complex needs in the financial sector,” said Martin Holten, CEO of Bislab. “This funding allows us to extend our services internationally, starting with Sweden, in response to strong client demand.”

Sondo Capital’s Kjetil Holmefjord expressed confidence in Bislab’s potential, stating, “Bislab’s exceptional team and innovative platform make it an ideal partner as we support their journey toward international growth. We’re thrilled to be part of their mission to democratize access to financial opportunities.”

The new funding will be instrumental in driving Bislab’s mission to expand access to secure financial services, ensuring businesses can navigate risk with precision while meeting compliance standards worldwide.

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