What is Norbloc?
Norbloc is at the forefront of developing robust KYC (Know Your Customer) and AML (Anti-Money Laundering) software solutions. Their comprehensive product suite, including Sancus for digital onboarding, Atlas for internal data sharing, and Fides for external data collaboration, is designed to enhance compliance, streamline onboarding processes, and improve operational efficiency for a diverse range of industries. Key sectors served include financial services, payments, legal firms, marketplaces, trading, and shipping. By focusing on improving customer experience while reducing KYC costs, Norbloc positions itself as a critical partner for businesses navigating complex regulatory landscapes.
How much funding has Norbloc raised?
Norbloc has raised a total of $1.6M across 1 funding round:
Angel/Seed
$1.6M
Angel/Seed (2017): $1.6M with participation from Digital Currency Group, Marathon Venture Capital, and Inbox Capital
Key Investors in Norbloc
Digital Currency Group
Digital Currency Group is a prominent entity focused on accelerating the development of a better financial system through investments in bitcoin and blockchain companies. They are a highly active investor with a broad portfolio and also operate leading firms in digital currency brokerage and asset management.
Marathon Venture Capital
Marathon Venture Capital is a seed-stage fund dedicated to supporting ambitious Greek and European founders in building world-class technology companies, particularly in sectors like AI, security, and biopharma.
Inbox Capital
Inbox Capital is a Stockholm-based investment company that finances and advises disruptive tech companies across various verticals, including Fintech and B2B SaaS, with a focus on businesses that have demonstrated significant growth.
What's next for Norbloc?
The recent major strategic investment in Norbloc signals a pivotal moment for the company, likely enabling accelerated product development, market expansion, and enhanced sales and marketing efforts. This capital infusion, part of the company's $1.6M in total financing, suggests a strong investor confidence in Norbloc's technology and its potential to disrupt the compliance software market. Future initiatives may include further integration of AI and machine learning to automate compliance tasks, expanding their global reach, and forging new strategic partnerships to solidify their market leadership in KYC and AML solutions.
See full Norbloc company page
