Hiveonline

hiveonline is a scalable platform designed by an experienced team of banking and technology professionals, led by banking expert Sofie Blakstad and based in Copenhagen, Denmark and Stockholm, Sweden. Together, we are partnering with financial institutions, industry bodies, NGOs and governments to help the smallest businesses in developed and developing economies. We think that building and running a small business shouldn’t be as difficult, painful and risky as it is today and our goal is to make the future a fairer place to work.

The App
hiveonline is the financial trust platform for small businesses. As a small business owner, you can share decisions, contracts, authorisations and payments with your customers, lenders and suppliers via mobile, removing uncertainty and complexity.
Your customers, lenders, suppliers, authorities and other businesses need to know you can be trusted so we take the administration and burden of proof away with our tailored ratings, which are based on what you’ve delivered, rather than biased reviews.
Because we run on blockchain rails, with a reputation system based on behaviour rather than bank records or government ID, we’re ideally placed to bring financial inclusion to micro and small businesses who don’t have access to banks, so alongside our platform for Nordic customers, we’re launching financial ecosystem support for the millions of unbanked businesses in developing economies.

eArziki – Digitalising Village Savings and Loan Associations

hiveonline community finance builds the bridge between informal financial communities and the financial system. We dramatically reduce the cost and risk of lending or other financial services to informal businesses and savings groups like CARE’s VSLA. Our reputation system treats everyone fairly: borrowers get a score based on their financial behaviour; lenders on their performance and treatment of customers. Groups can borrow as a community.

Poor communications infrastructure, typical in rural Africa, isn’t a problem, because it’s designed for low data use and low connectivity. It runs on any phone with a browser, so users don’t need smartphones. There’s an offline mode for the most remote communities, so they can transact without any connectivity. Fully traceable transactions give confidence to lenders, aid programmes, and investors.

hiveonline unlocks access to affordable credit, insurance and savings for communities in the informal economy.