Norbloc develops blockchain-based KYC solutions that help financial institutions verify client identities. It raised $1.6 million in a seed funding round. The startup is one of a growing number of companies focused on KYC, a use case that has attracted banks and been subject to enterprise-level pilots. The company plans to use the seed funding to expand its existing team and acquire talent across the four markets where it is now active. Astyanax Kanakakis, co-founder and CEO, previously worked for the parent company of KnCMiner and served as chairman of XBT Provider. The article discloses that Digital Currency Group has an ownership stake in Norbloc, and the company is headquartered in Sweden.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2017