TheFactory is an Oslo-based asset management firm established in 2015 that supports early-stage startups through investments, accelerator programs, and access to a vast network of industry experts. It focuses on various sectors, including financial services, real estate, smart cities, retail, energy, and impact initiatives. TheFactory provides entrepreneurs with funding of up to NOK 500,000 and substantial resources through partnerships, offering benefits valued at approximately USD 1 million. By leveraging a network of over 150 experienced mentors, including entrepreneurs and industry specialists, TheFactory equips founders with essential knowledge and insights to validate their business ideas against market needs. This strategic approach ensures that the startups are well-positioned to develop viable business models and pricing frameworks aligned with actual customer demands.
Empower.eco operates an online platform designed to address the plastic waste problem by incentivizing individuals to collect and deposit plastic waste. Founded in 2018 and based in Oslo, Norway, the company rewards users for their efforts in recycling through a system that provides electromagnetic pulse tokens. These tokens can be utilized within the Empower ecosystem or exchanged for local currency, allowing users to earn money while contributing to environmental cleanup. In addition to promoting recycling, Empower.eco aims to alleviate poverty by providing a source of income for individuals in need, thereby combining environmental sustainability with social responsibility.
Lendwill
Angel Round in 2018
Lendwill is a lending platform that aims to democratize financial access through a peer-to-peer model, often likened to "AirBnB for money." It addresses the issue of invisible poverty by encouraging young individuals to support one another through money sharing and lending on a global scale. By utilizing blockchain technology, Lendwill builds globally valid credit profiles and allows users to establish a blockchain-verifiable credit history through small loans. The platform not only facilitates lending but also monitors repayment behavior to assess trustworthiness among users. Lendwill is set to launch in 70 countries and integrates with 99% of Norwegian banks using Open Banking APIs, enhancing its reach and operational capabilities.
Tillit Forsikring
Angel Round in 2017
Tillit Forsikring AS is a technology-driven insurance provider based in Oslo, Norway, founded in 2017. The company offers a range of insurance products, including family insurance, property damage, theft coverage, pet insurance, contents insurance, and specialized coverage for smartphones. Its application-based platform simplifies the insurance purchasing process, allowing users to customize their coverage, find protective accessories, and report damage directly through a web browser or mobile app. Tillit Forsikring employs dynamic pricing to provide discounted premium rates and adjusts coverage costs on a monthly basis, making it easier for customers to manage their policies online.
BizBot
Angel Round in 2017
Bizbot is a shareholding tool for investors and business owners. By analyzing user data, BizBot automates time-consuming processes so that valuable resources can be used on growth and less paperwork. The company was founded in 2017 and is headquartered in Fornebu, Oslo.
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