Norbloc, a Scale Up 1st Cohort member, is a blockchain technology company that was founded in 2016. Their mission is to simplify the compliance process for financial institutions through developing a platform that offers a Know-Your-Customer ecosystem to digitize customer profiles and enable secure data sharing while maintaining privacy. The platform saves time and improves efficiency in complying with regulatory requirements, and enables institutions to monetize their KYC efforts.

They offer three main products: Sancus is the all-in-one solution offering a suite of tools to maximize the security and robustness of your KYC compliance. Atlas helps break down silos and improve the way your organization shares information. Fides is a data sharing ecosystem that fosters collaboration between organizations, regulators and customers to enhance KYC compliance and create a “single version of truth” for validated KYC data.

Norbloc operates in several countries and has offices in Stockholm, London, and Dubai. Their innovative use of blockchain technology and resilient, secure platform has made them a standout company in the industry. Norbloc has been recognized in 2024 and for the 5th time as a RegTech100, showcasing the most innovative companies making eaves in the regulatory technology space. Additionally, Norbloc raised $1.6 million in a Seed funding round led by Marathon Venture Capital. Other participants in the round included Digital Currency Group, Inbox Capital, and Back in Black. 

Norbloc in Three:

What problem is Norbloc solving? Norbloc simplifies the compliance process for financial institutions by providing a secure platform for digitizing and sharing customer KYC data, improving efficiency and regulatory compliance.

What's innovative about Norbloc? Norbloc uses blockchain technology to create a secure, privacy-focused KYC ecosystem, enabling institutions to share data safely and monetize their compliance efforts.

Who can use Norbloc? Financial institutions, regulators, and organizations needing robust KYC solutions can use Norbloc's platform to enhance their compliance processes.

Their unique selling points include their use of blockchain technology to simplify compliance and enable secure data sharing while maintaining privacy, their platform's ability to save time and improve efficiency in complying with regulatory requirements, and their potential to monetize KYC efforts. Moreover, Norbloc's mission aligns well with Endeavor's focus on supporting high-impact, mission-driven companies. Norbloc's platform addresses a critical pain point for financial institutions and has the potential to make a significant impact in the industry. Their innovative use of blockchain technology and commitment to resilience and security demonstrate a strong commitment to excellence and align with Endeavor's mission of supporting high-impact companies with the potential to make a difference in their respective industries. Overall, Norbloc's potential to disrupt the compliance process in the financial industry and their alignment with Endeavor's mission make them an exciting investment opportunity.