NorBloc

RegTech
NorBloc header

NorBloc

RegTech

KYC Blockchain Platform

Sweden, Stockholm
$3.2M
Total amount raised
2016
Year of establishment
Active
Status

About

Hi we’re NorBloc!


Norbloc is a project that embeds the KYC/AML process on a blockchain framework, allowing removal of duplication of efforts between financial institutions and other obliged entities. Fides, Norbloc’s flagship product, is a revolutionary KYC platform that employs blockchain technology to offer all the benefits of a centralized system in a decentralized architecture. It allows a GDPR compliant sharing of validated customer data and a breakthrough monetization model of the KYC services among financial institutions and other market participants.
Norbloc is also a member of the Hyperledger consortium and its executives are thought leaders and regular speakers on the intersection of digital corporate and individual identity and blockchain technology.
Norbloc was founded in 2016 in Stockholm by a team bringing together wealth of financial institutions and consulting experience with blockchain and banking software expertise. Norbloc has its headquarters in Stockhol, Sweden, its Development Hub in Athens, Greece and its M. Eastern branch in DIFC in Dubai, UAE.

Key objective

Premier blockchain platform and applications provider in Europe, focusing on regulatory solutions for financial services and sectors with sensitive personal data.

Slogan / Motto

The new paradigm for mutualizing KYC compliance

Use cases

KYC & AML
Compliance

Team

Team members

Ian Norville Head of MENA

Responsibilities

Ian is based in Dubai, UAE and leads the norbloc sales team in the Middle East, focusing on new business opportunities and personalized solutions to customer needs. Ian comes to norbloc from Microsoft in New York City, where for the past 4 years he led an account team serving key Fortune 500 customers across the financial services and retail sectors, with focus on enabling digital transformation through enterprise technology. Prior to that, Ian was based in Dubai for 4 years and held various Business Development / Innovation roles at CEMEX, a NYSE-listed building materials company. Ian holds a Bachelor of Arts from Claremont McKenna College in Los Angeles, USA and an MBA from the Wharton School of the University of Pennsylvania, USA.

Fanny Modin Business Development Manager

Responsibilities

Fanny comes from an investor relations and communications background and has spent most of her career working in the Middle East. Prior to working with norbloc, Fanny was acting Head of IR and Corporate Communications at SHUAA Capital, a publicly listed financial services firm headquartered in Dubai. Fanny is also an experienced content writer with a financial journalist background from Thomson Reuters. She has generated and edited content for companies across various industry sectors and financial institutions. Fanny holds a BA in European Studies from the University of London.

Neil Smith-Willis Chief Product Officer

Responsibilities

Neil holds over a decade of experience in IT system development from Thomson Reuters and Royal Bank of Scotland, with specific focus on legal product design, including the implementation of a case management system for the Royal Courts of Justice in London. Neil holds an MBA as well as an LLB.

Leonidas Stavropoulos Implementation Manager

Responsibilities

Leonidas brings over 10 years of international IT management consulting, project management and industry experience within global organizations. With hands-on experience in relating business problems to the technology domain and leveraging technology, he has been providing solutions that deliver strategic initiatives, improve business performance and drive growth. Leonidas holds a MBA from the Athens Information Technology Institute, a MSc in Management & Information Systems from Cranfield University and a BSc in Economics from the Athens University of Economics and Business.

Vitalii Demianets Co-Founder and Lead Developer

Responsibilities

Vitalii is a full stack software architect, with a specialization in blockchain protocols and embedded software. Previously, Vitalii was the lead developer of KnCMiner, and prior to that spent 15 years as the Head embedded software engineer at telecom equipment manufacturer Factor-SPE in Ukraine. Vitalii holds a MSc in Applied Mathematics from the Moscow Institute of Physics and Technology (MIPT)

Astyanax Kanakakis Co-Founder and Chief Executive Officer

Responsibilities

Astyanax has spent more than 12 years in Finance and Consulting, most recently as Associate Partner in McKinsey & Company, specializing in banking and corporate finance. He was previously Chief Commercial Officer in KnCGroup, the bitcoin blockchain pioneer, and Chairman of the Board in XBT Provider, the global leader in cryptocurrency ETNs. Astyanax holds a BSc. In Computer Science and Electronic Engineering from University College London, an MSc in Advanced Computing from Imperial College, an MSc in Information Systems Management from London School of Economics and an MBA from the Wharton School of the University of Pennsylvania.

Nikos Patsiogiannis Chief Operating Officer

Responsibilities

Nikos is the COO of norbloc, where he takes a holistic, cross-functional view, ensuring the functionality of the business and operations and gears up the organization to drive efficient, extensive and sustainable growth, contributing to Company’s scale up and success. Nikos brings over 13 years of management consulting, project management and industry experience with global financial services institutions and professional services companies such as PwC and ING in Europe and the Middle East. He has worked with a diverse group of Financial Services clients, across many regions, to deliver transformational solutions that have impacted people, process, and technology and delivered meaningful business value and benefits. He has significant experience in regulatory driven and AML/KYC compliance programs. Nikos holds an MA in International Political Economy from the University of Warwick (UK) and a BSc in Economics from Cardiff Business School (UK).

Customers / Partners

Funding

Received funding
$3,200,000
Total amount raised
4
Rounds
12
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
N/A
Incubator/Accelerator
FinTech Innovation Lab
$1,600,000
Seed
Back in Black
Digital Currency Group
Inbox Capital
Marathon Venture Capital
Otiva
$1,600,000
Seed
Avito
Back in Black Capital
Digital Currency Group
Inbox Capital
Marathon Venture Capital
N/A
Incubator/Accelerator
FinTech Hive Accelerator