norbloc
Norbloc is a Stockholm-based compliance technology company that provides KYC, KYB, and AML software — Sancus, Atlas, and Fides — built on a privacy-by-design distributed ledger, serving tier-1 banks, fintechs, and government regulators across Europe and MENA.
- Company typePrivate
- Founded2016
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What norbloc does
Norbloc AB is a Stockholm-headquartered compliance technology company founded in 2016 by Astyanax Kanakakis (CEO) and Vitalii Demianets (Chief Architect), operating across Sweden, Greece, the United Kingdom, and the United Arab Emirates. The company builds a three-platform KYC / KYB / AML software suite — Sancus (end-to-end onboarding orchestration with AI-powered workflows and case management), Atlas (internal KYC data sharing across divisions and subsidiaries), and Fides (a distributed-ledger ecosystem for external KYC data sharing between institutions, regulators, and customers). Its core technical differentiator is a privacy-by-design distributed ledger architecture: sensitive customer data remains stored in each participant's own infrastructure, with only validation stamps shared on-chain, supporting GDPR compliance and self-sovereign identity.
The company monetizes via annual SaaS subscriptions (with installation fees) for the Sancus / Atlas / Fides platforms plus ancillary time-and-materials professional services for implementation, training, and customization. Go-to-market is enterprise field sales targeting tier-1 banks, fintechs, insurance firms, and government regulators across Europe and MENA, supplemented by inside-sales motions for mid-market accounts; the website 'Request a Demo' funnel is the primary lead-conversion channel. Norbloc claims to operate the first and only production distributed KYC utility globally, with 20+ banks and government institutions and approximately one million customer files on the Fides network.
The customer base spans banking (HSBC, Standard Chartered, Citibank, ING, DNB, Belfius Bank, Emirates NBD), financial services (DIFC Authority, DDCAP Group, Etihad Credit Insurance), and government / regulatory bodies. The April 2026 appointment by the Central Bank of the UAE as technology partner for the nationwide e-KYC platform under the Financial Infrastructure Transformation Programme is the company's flagship mandate. The company is ISO 27001 / 27017 / 27018 / 27701 certified, has been recognized in the RegTech 100 (2022, 2024), awarded Chartis FCC50 Market Disruptor Gold (2026), and is a member of the Hyperledger consortium and the EU Horizon Europe TANGO project. Total disclosed funding to date is approximately $3.86M (2017 seed led by Marathon Venture Capital and 2019 follow-on).
norbloc firmographics
Firmographics- Name
- norbloc
- Legal name
- norbloc AB
- Website
- https://norbloc.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Norbloc is a Stockholm-based compliance technology company that provides KYC, KYB, and AML software — Sancus, Atlas, and Fides — built on a privacy-by-design distributed ledger, serving tier-1 banks, fintechs, and government regulators across Europe and MENA.
- Ownership category
- akta.pro rank
norbloc industry classification
Industry- Product category
- Regulatory Technology (RegTech)
- NAICS
- Computer Systems Design and Related Services (54151), Software Publishers (5132)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)
- akta.pro secondary industries
- Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI), KYC/Client Due Diligence & Participant Onboarding Controls (FSAFAKAF), KYC/KYB Identity Verification & Onboarding (FSADALAA)
Keywords
Where norbloc is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices4 records
Markets served
norbloc business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Annual SaaS Subscription (Products): Customers pay an installation fee plus an annual subscription fee for access to Sancus, Atlas, and/or Fides platforms. Billing is monthly in advance (credit card) or monthly in arrears (invoice). Pricing follows a tiered model based on the products subscribed.
- Professional / Consultancy Services: Norbloc provides ancillary consultancy services on a time and materials basis, delivered under a separate agreement. Services include implementation, training, and customization support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Subscription-based SaaS with installation fee |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
norbloc product offering
Product offeringCore offering
Norbloc provides three integrated SaaS platforms for KYC/KYB compliance and customer onboarding: Sancus (end-to-end KYC/KYB orchestration with AI-powered workflows, AML screening, and lifecycle compliance), Atlas (internal KYC data sharing across divisions, jurisdictions, and subsidiaries), and Fides (external KYC data sharing ecosystem built on distributed ledger technology for secure, consent-based data exchange across institutions). The platforms integrate with third-party identity verification, PEP screening, e-signature, and data aggregator providers.
Product overview
Norbloc offers a three-platform architecture for KYC compliance: Sancus is the core digital orchestration platform for end-to-end KYC/KYB onboarding and customer lifecycle compliance; Atlas enables internal KYC data sharing within organizations across divisions and jurisdictions; and Fides is a distributed ledger-based ecosystem for secure external KYC data sharing across institutions. Together, these platforms form a comprehensive compliance solution covering individual and corporate customer verification, AML screening, and data sharing for financial institutions, fintechs, and regulators. The platforms integrate with best-in-class third-party providers for identity verification, e-signatures, PEP screening, and data aggregation.
Differentiator
Problem solved
Functional benefit
Brands
- Sancus: Digital orchestration platform for end-to-end KYC/KYB journeys, providing dynamic customer onboarding, AML screening, and compliance workflows.
- Atlas
- Fides
Products and services
- Sancus End-to-end KYC/KYB orchestration platform providing dynamic, AI-powered workflows for customer onboarding, AML compliance, and fraud prevention across the entire customer lifecycle. Includes a Customer Portal (white-labeled onboarding UI), Officer Portal (internal dashboard for case management), and Workflow Editor (drag-and-drop workflow configuration with AI-powered data extraction). Integrates with identity verification, PEP screening, e-signature, and data aggregator providers.
- Atlas Internal KYC data sharing platform that enables organizations to maintain a singular customer view across divisions, jurisdictions, and subsidiaries. Allows customers to proactively update their KYC file via a dedicated Customer Portal, reducing duplicate requests and improving internal data quality.
- Fides External KYC data sharing ecosystem built on distributed ledger and blockchain technologies. Enables financial institutions to share validated KYC data and validation stamps without exposing raw personal data. Supports the creation of a single version of truth for KYC data across institutions, regulators, and customers. Includes a Unified Customer Portal (UCP) for customer-controlled data sharing and consent management.
Quantifiable outcome
- Reduce KYC turnaround times from days to minutes for financial institutions on the CBUAE nationwide platform
- +3 more outcomes
Companies that use norbloc
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles3 records
norbloc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability9 records
Feature5 records
norbloc partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Central Bank of the UAE (CBUAE)flagshipNorbloc AB was appointed as technical partner by the CBUAE to develop a nationwide unified e-KYC platform as a core pillar of the Financial Infrastructure Transformation (FIT) Programme. The platform aims to eliminate duplication of customer due diligence, reduce compliance costs, and strengthen AML/CFT frameworks across UAE financial institutions and fintech companies. Signed by H.E. Saif Humaid Al Dhaheri (CBUAE) and Astyanax Kanakakis (Norbloc CEO) on 15 April 2026, witnessed by Governor H.E. Khaled Mohamed Balama.
- TANGO Project (EU Horizon Europe)coreNorbloc participated in the TANGO (Digital Technologies Acting as a Gatekeeper to information and data flows) EU Horizon Europe project from 2022–2025, joining 37 organizations to develop digital solutions for data sovereignty, trust, and sustainability. Norbloc contributed its Fides platform to the Public Administration Pilot with Visaright GmbH, enabling paperless visa application processing with secure data management architecture.
- Visaright GmbHcoreNorbloc's Fides solution was leveraged alongside Visaright in the TANGO Public Administration Pilot, creating a paperless visa application process for third-country nationals relocating to EU countries. The VISAR platform acted as the central hub for onboarding, processing, and reviewing visa applications.
Scale indicators4 records
Recent moves10 records
Expansion highlights6 records
norbloc competitors and assessment
Company assessmentBroad incumbents
- LexisNexis Risk Solutions: LexisNexis Risk Solutions provides identity verification, AML/KYC compliance, fraud detection, and data analytics at large enterprise scale. It overlaps with Norbloc's orchestration, screening, and entity verification offerings but bundles them inside a far broader risk-data platform.
- Refinitiv / LSEG (World-Check): Refinitiv, now part of LSEG, provides World-Check for KYC/AML screening, adverse media, and entity risk, alongside a much broader financial data and workflow suite. It competes with Norbloc on AML screening and entity verification while also serving as data infrastructure across the financial industry.
Direct peers
- Trulioo: Trulioo operates a global identity verification and business verification network used by financial institutions and regulated enterprises. It is comparable to Norbloc's Fides layer as a cross-institution KYC data utility, but is built on a centralised rather than distributed-ledger architecture.
- Sumsub: Sumsub provides an end-to-end KYC/AML, identity verification, and compliance orchestration platform used by banks, fintechs, and crypto firms globally. Like Norbloc, it offers onboarding, AML screening, and workflow orchestration across the customer lifecycle, though Sumsub is non-DLT and significantly larger.
- ComplyAdvantage: ComplyAdvantage offers AI-driven AML, KYC, sanctions/PEP screening, and transaction monitoring for banks and fintechs. It overlaps directly with Norbloc's Sancus orchestration and AML screening capabilities and competes for the same tier-1 bank and fintech buyers.
- Onfido (Entrust): Onfido, now part of Entrust, provides AI-based identity verification, document authentication, and biometric onboarding integrated into bank and fintech KYC workflows. It competes with the identity-verification components of Norbloc's Sancus platform.
- Veriff: Veriff provides identity verification, KYC, and AML screening tools integrated into customer onboarding flows for financial services and marketplaces. It is comparable to Norbloc's Sancus onboarding module and adjacent to Fides' shared verification layer.
- Persona: Persona offers a configurable identity verification and KYC orchestration platform with configurable workflows, document verification, and AML checks. It competes with Norbloc's Sancus Workflow Editor and Customer Portal for mid-market and enterprise onboarding use cases.
- Jumio: Jumio provides AI-driven identity verification, eKYC, and AML screening for banks, fintechs, and marketplaces. Jumio is both an integration partner for Norbloc's Sancus ecosystem and a competing IDV vendor for the same enterprise customers.
Emerging players
- Civic: Civic offers blockchain-based identity verification and reusable KYC credentials for Web3 and fintech use cases. It shares Norbloc's blockchain-and-self-sovereign-identity heritage but is at an earlier commercial stage and focuses more on Web3/crypto identity than regulated banking.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
norbloc social profiles
Digital presencenorbloc compliance and trust
Trust signalCompliance5 records
norbloc financial estimates
Financial estimateRevenue estimate
Valuation estimate
norbloc leadership team
Management profileNumber of profiles
Profiles11 records
norbloc funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
norbloc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about norbloc
What does norbloc do?
Norbloc provides three integrated SaaS platforms for KYC/KYB compliance and customer onboarding: Sancus (end-to-end KYC/KYB orchestration with AI-powered workflows, AML screening, and lifecycle compliance), Atlas (internal KYC data sharing across divisions, jurisdictions, and subsidiaries), and Fides (external KYC data sharing ecosystem built on distributed ledger technology for secure, consent-based data exchange across institutions). The platforms integrate with third-party identity verification, PEP screening, e-signature, and data aggregator providers.
Is norbloc a public or private company?
norbloc is a private company. It is classified as venture growth investor backed and is currently operating.
When was norbloc founded?
norbloc was founded in 2016. It employs 11 to 50 people.
Where is norbloc based?
norbloc is headquartered in Stockholm, Sweden, in the Europe region.
How does norbloc make money?
Two revenue lines are on record. Annual SaaS Subscription (Products) is the primary driver. The others are professional / Consultancy Services.
Who are norbloc's main competitors?
Broad incumbents on record are LexisNexis Risk Solutions and Refinitiv / LSEG (World-Check). Direct peers are Trulioo, Sumsub, ComplyAdvantage, Onfido (Entrust), Veriff, Persona and Jumio. Civic is listed as an emerging player.
Does norbloc have an API?
Yes. Fides is an API-based solution that seamlessly integrates into existing CRM systems, reducing implementation costs. The platform enables data sharing without storing sensitive information, with customer data remaining in the organization's infrastructure. Sancus Workflow Editor integrates with best-in-class service providers for identity verification, PEP and sanctions screenings, e-signatures, data aggregators, and external publicly available data sources such as corporate registries.
What industry is norbloc in?
norbloc's product category is Regulatory Technology (RegTech). Its primary akta.pro industry code is FSAGAFAB, KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening), with a secondary code of BPAMAFAI, Fraud, Risk, KYC/AML & Compliance Platforms. Its NAICS code is 54151 and its SIC code is 7370.