Based in Oslo Bislaba fintech startup, secured €1.7 million in a pre-seed funding round to fuel its international expansion.
The round was led by Sondo Capital, with additional contributions from angel investors including Frank Vikingstad (Sysco, Viglio), Christoffer Herheim (Optio) and Bent Skisaker (Autostore).
Credit scoring and financial crime prevention
Bislab, a financial technology startup founded by four entrepreneurs with experience at SafetyWing, Knowit and Accenture, has created an accurate and efficient credit scoring system. The team spent over two years developing the platform from a small apartment in Oslo.
Bislab’s API solution enables banks, financial institutions and large enterprises to perform real-time credit checks and risk assessments, including credit ratings, anti-fraud, anti-money laundering money and transaction analysis, integrating them into their existing systems.
Martin Holten, CEO of Bislab, said: “Our strategy is to create risk assessment products using the latest technologies, meeting the complex needs of the financial sector. »
Bislab has gained almost 50 clients, including well-known local companies such as Fiken, Eika Forsikring and BankID.
Use of capital
Bislab recently secured a public contract with the Norwegian Tax Administration, strengthening its position in the Norwegian market. As demand for its services increases, Bislab plans to expand internationally, with Sweden the first target, driven by demands from current customers.
Kjetil Holmefjord of Sondo Capital said: “This is an exceptionally motivated team, and we couldn’t be more excited to partner with them as they begin their international expansion.
“We are excited to build a future where more people have access to financial opportunities,” adds Holten, CEO of Bislab.