hiveonline

Country: Denmark 🇩🇰
Founded: 2016
hiveonline logo

The solution

We help micro-businesses thrive by giving them access to credit and markets they can't normally reach. Customers build a reputation based on meeting their business commitments, backed up by facts on the blockchain. Our platform is configurable and we've created a version that digitises village savings and lending in developing economies, which is supporting unbanked customers in sub-Saharan Africa, so they can get access to lending to grow their businesses for the first time.

Our customers are primarily illiterate women entrepreneurs, many of whom are new to technology, so we've created a platform that is lightweight, intuitive for users with low literacy, and runs on cheap devices. A key innovation is our "disconnected mode" that allows communities to transact without external connectivity, making it ideal for rural Africa and other regions with limited coverage. We are partnering with CARE International and local financial businesses in Niger, and working with customers in countries across Africa and LATAM to support their microfinance and savings group needs.

Because we focus on communities and reputation, our model has resonated with NGOs supporting communities of micro-entrepreneurs everywhere. These communities, many at the frontline of the battle against climate change, are building more sustainable environments as they achieve financial stability, and will be critical to supporting the food needs of the growing global population.

Impact description

We help our customers, mostly unbanked women entrepreneurs, become more resilient to economic shocks, and to give more back to their communities. These women are supporting between 5-15 people each, so a support for the savings group to build their commercial enterprises, is a direct support for the community. They are planting, building sustainable infrastructure such as solar energy, building peer education and lobbying to get girls back into schools.

Contact Person

Sofie Blakstad

What sector is the business involved in

Financial Services

Country the product is present outside the base country

Niger

List of countries the company could be targeting

  • Rwanda
  • Cote d'Ivoire
  • Ghana

Number of employees

8

Looking for

Accessing market opportunity, Access and introductions to the right people, Bespoke market research, Helping to select the best market location, Tax advice , Skills guidance, Research & Development , Capital investment


We own the IP rights for our product

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Would you like to reach out to this company?

We can help you do that. Submit your enquiry below.

Send a message (theHUB)
Send a message
By ticking this box you give your consent for Sustainary to act as a third party intermediary for every communication made through the Sustainary Cloud Hub. We value your privacy and as Cloud Hub moderators we will not share your message or information with anyone other than the intended recipient. *

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