Norwegian fintech startup Bislab raises €1.7M in pre-seed funding

Oslo-based Bislab, a fintech startup, has secured €1.7M in a pre-seed round of funding 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 rating and financial crime prevention

Bislab, a fintech startup founded by four entrepreneurs with experience at SafetyWing, Knowit, and Accenture, has created an accurate and efficient credit assessment system. The team has spent over two years developing the platform from a small apartment in Oslo. 

Bislab’s API solution enables banks, financial institutions, and large companies to perform real-time credit checks and assess risks, including credit ratings, anti-fraud, anti-money laundering, and transaction analysis, by integrating them into their existing systems.

Martin Holten, CEO of Bislab, says, “Our strategy is to create risk assessment products using the latest technology, catering to complex needs in the financial sector.”

Bislab has gained nearly 50 clients, including well-known local companies such as Fiken, Eika Forsikring, and BankID.

Capital utilisation

Bislab recently secured a public contract with the Norwegian Tax Administration, strengthening its position in the Norwegian market. As demand for its services grows, Bislab is planning to expand internationally, with Sweden being the first target, driven by requests from current clients.

Kjetil Holmefjord from Sondo Capital says, “They are an exceptionally driven team, and we couldn’t be more excited about partnering with them as they start their international expansion.”

“We’re excited to build a future where more people have access to financial opportunities,” adds Bislab CEO Holten.