hiveonline

What hiveonline does

hiveonline ApS is a Denmark-incorporated digital finance platform founded in 2016 by Sofie Blakstad and Matthew Mims to serve smallholder farmers and informal savings groups across sub-Saharan Africa. The platform comprises four products: myCoop.online (cooperative management for farmers), VSLA.online (digitization of Village Savings and Loan Associations), an E-Vouchers distribution system, and the hiveonline core platform — all running on Hedera public distributed ledger technology following a December 2025 migration that provisioned wallets for 75,000 users and 5,000 community groups. The system records financial activity immutably and produces a proprietary reputation score from KYC, production plan and transaction history data, which is shared with partner financial institutions (Microbanco Confiança, Kingdom Bank) to underwrite previously unscorable borrowers. Mozambique Central Bank Regulatory Sandbox approval (January 2024) enables third-party lending and mobile money integration in that market.

Revenue today is effectively pre-commercial: the service is free for all businesses and end-users, with future premium features for businesses and planned transaction-fee economics tied to a 2026 stablecoin / electronic money launch. Capital is sourced primarily from development donors and grantmakers — NORAD, Sida/Sweden, UNDP, World Food Programme, Rabo Foundation, Swiss Capacity Building Fund, Vodafone — supplemented by three small disclosed funding rounds totaling roughly $1.2M. Go-to-market combines 11-50 staff across offices in Copenhagen (HQ), Kigali, Nairobi, and Mozambique with a hybrid field-officer and NGO-partner distribution model (ACDI/VOCA under USAID, AMPCM, SWIDA Ghana, Sung Foundation, Save the Children) reaching 75,000+ users across Mozambique, Kenya and Ghana, with active or prior pilots in Rwanda, Zambia and Lebanon.

Name

hiveonline

Legal name

hiveonline ApS

Website

https://hivenetwork.online

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

hiveonline is a Denmark-based digital finance platform that uses Hedera distributed ledger technology to serve smallholder farmers and informal savings groups across Mozambique, Kenya, and Ghana with cooperative management, VSLA digitization, and credit-scoring tools.

Ownership category

akta.pro rank

Product category

Agricultural Fintech / Digital Financial Inclusion Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Finance Services (6199), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro industry

PRIMARYFSAMAEAI

Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service)

Financial & Insurance/Payments & Transaction Processing/Digital Wallets & Mobile Payments

SECONDARYFSAGAMAK

Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations)

Financial & Insurance/Financial Technology (Fintech)/Blockchain & Web3 Financial Infrastructure (Tokenization, Custody Tech)

SECONDARYFSAPAJAG

Governance, Controls & Policy Automation (GRC for Web3)

Financial & Insurance/Blockchain & Web3/Security, Compliance & Risk (auditing, monitoring, analytics, AML/KYC)

Keywords

• Agricultural finance platform
• Savings group digitization
• Blockchain financial inclusion
• Cooperative management software
• Smallholder farmer lending

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform Transaction Fees: Transaction-based fees from lending facilitation, marketplace transactions, and e-voucher distributions across the platform. The platform connects smallholder farmers with financial institutions and buyers, earning fees on facilitated loans and produce transactions.
2. Premium Business Features: Future premium features of the Service available to businesses will be billed depending on usage and value added. Initially service is free for all businesses and their customers.
3. Electronic Money/Stablecoin: Planned stablecoin and electronic money solution for 2026 to provide cheaper and more efficient ways for customers to pay each other and move money within the ecosystem.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

hiveonline operates a blockchain-based digital finance platform that connects smallholder farmers with financial institutions, agribusinesses, and NGOs across sub-Saharan Africa. The platform comprises myCoop.online for agricultural cooperatives, VSLA.online for savings groups, and an E-Vouchers solution, all built on Hedera distributed ledger technology to create immutable financial records and reputation scores that enable access to formal credit.

Product overview

hiveonline is a digital financial platform ecosystem for the African informal economy, comprising multiple interconnected products: the core hiveonline Platform backed by Hedera distributed ledger technology, supplemented by myCoop.online (mobile app for farming cooperatives), VSLA.online (savings group digitization), and E-Vouchers (blockchain-based input distribution). The platform connects smallholder farmers to financial services, markets, and buyers by building trusted digital records and reputation scores. The ecosystem serves over 75,000 users across Mozambique, Kenya, and Ghana through field officers and agent networks.

Differentiator

Problem solved

Functional benefit

Brands

• MyCoop: Mobile app designed to help farmers succeed by providing tools and resources to improve farming practices, access finance, and connect with buyers. Powers cooperative management and farmer community engagement.
• VSLA.online
• E-vouchers

Products and services

• myCoop.online Mobile app for farming communities providing access to markets, finance, knowledge, and improved resilience. Features offline mode for poor connectivity, browser-based access on any device, minimal data usage, and multi-language support. Enables cooperative management, farmer registration, crop forecasting, transaction tracking, and digital financial history building for smallholder farmers.
• VSLA.online Platform for digitizing savings groups (Village Savings and Loan Associations), providing digitized record-keeping, linkages with formal financial institutions, and digital financial histories. Features automated built-in calculations for transactions with guaranteed data reliability and transparency. Designed for community savings groups in sub-Saharan Africa and underserved markets.
• E-Vouchers Blockchain-based electronic voucher system for secure distribution of agricultural inputs and assets in a closed-loop system. Provides real-time tracking of distribution and redemption activities with group-based distribution ensuring resources reach targeted recipients. Used by NGOs and development programs for input subsidy distribution.
• hiveonline Platform Core digital finance platform that connects farmers, cooperatives, buyers, and financial institutions using distributed ledger technology on Hedera. Provides immutable record-keeping of financial activities and balance sheet status for every user and group via Hedera wallet integration. Includes reputation scoring, lending facilitation, and marketplace functionality for the African informal economy.

Quantifiable outcome

• 75,000+ smallholder farmers enrolled on platform across three countries
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature5 records

Partnerships

18 partnerships are on record, tiered core, major and minor.

• Banco de Moçambique (Central Bank of Mozambique)coreOthers · 26 January 2024Completed Mozambique Central Bank's Regulatory Sandbox after intensive year. This approval enables hiveonline to provide third-party lending to users in Mozambique and integrate with mobile money services. Represents significant stride in connecting rural agricultural sector with formal financial services industry.
• AMPCM (Associação Moçambicana para a Promoção do Cooperativismo Moderno)coreImplementation/ SI/ Consulting PartnerMozambican Association for the Promotion of Modern Cooperatives. Instrumental in mobilizing farmers and promoting adoption of hiveonline digital solutions. Natalino Barnete coordinates 65 cooperatives with 30-2000 farmers each. Working with Nampula team of 10 people.
• Norges VelcoreStrategic or Co-development PartnerLong-term partner instrumental in improving financial inclusion of farming cooperatives in Mozambique. Partnered with hiveonline for Cashew Connect II project and digital solution development for cooperatives. Planned expansion includes carbon financing initiatives and expanded farmer access to offtakers.
• Tablu TechmajorStrategic or Co-development PartnerPlatform connecting buyers with farmers for reliable produce deliveries. Partnership facilitates trading connections between Tablu Tech's network of 1,000 buyers and local farmers, savings groups, agricultural associations, and cooperatives within hiveonline network.
• KTDA FoundationmajorStrategic or Co-development PartnerSigned MOU with Kenya Tea Development Agency Foundation to explore opportunities for digitising savings groups and cooperatives among 650,000 smallholder tea farmers. Aims to empower tea farmers and promote sustainable practices.
• ACDI/VOCAcoreStrategic or Co-development PartnerPartnership under USAID's Feed the Future Ghana Market Systems and Resilience (MSR) Activity - five-year initiative with $35.9 million budget. hiveonline is sub-awardee digitising 300 savings groups (7500 members) from Northern Region of Ghana via VSLA.online platform.
• SWIDA GhanamajorStrategic or Co-development PartnerPartnership with SWIDA Ghana for savings group digitisation. Over 500 users already benefit from hiveonline digital solutions through this partnership. Field officers from SWIDA support savings group app secretaries.
• World Food Programme (WFP)majorStrategic or Co-development PartnerPartnership in Ghana where over 500 users benefit from hiveonline digital solutions through WFP-supported programs. Contributes to food security and livelihoods programming.
• Sung FoundationmajorStrategic or Co-development PartnerPartner providing field officers for Ghana operations. 2,000+ farmers reached through FOs from Sung Foundation in Ghana.
• Save the Children LebanonminorStrategic or Co-development PartnerRepurposing blockchain-based digital savings platform (vsla.online) to help vulnerable Lebanese families impacted by economic crisis. Exploring financial solutions to protect families from inflation impacts.
• Self Help AfricaminorStrategic or Co-development PartnerVSLA.online pilot with Self Help Africa in Zambia. Early partnership for savings group digitisation.
• HBAR Foundation / HederacoreTechnology or IntegrationSuccessful migration of all 75,000 users and 5,000 group wallets to Hedera DLT in December 2025. HBAR Foundation supports development and adoption of Hedera network. Fixed low fees enable scalable financial services delivery.
• IFDC (International Fertilizer Development Center)minorStrategic or Co-development PartnerInternational agricultural development organization partnering with hiveonline for agricultural value chain improvements.
• SolidaridadminorStrategic or Co-development PartnerInternational civil society organization working on sustainable trade and responsible investment. Listed as partner for agricultural development initiatives.
• FSD Moz (Financial Sector Deepening Mozambique)minorStrategic or Co-development PartnerMozambique-based organization working to deepen financial sector development. Listed as partner supporting financial inclusion.
• TechstarsminorOthersAccelerator program backing Change 100 initiative that recognized hiveonline as top 100 impact startup. Part of global startup ecosystem.
• MIT SolveminorOthersMIT Solve is a marketplace for tech-based social impact. Listed as research and accelerator partner.
• Save the ChildrenmajorStrategic or Co-development PartnerGlobal NGO supporting children and families. Partnership in Lebanon and potentially other programs for financial inclusion.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Branch International: Branch is a mobile lending platform operating across Africa that uses alternative data to underwrite unbanked borrowers. It overlaps with hiveonline's alternative credit-scoring and lending-facilitation thesis, though Branch focuses on broader consumer/SMB credit rather than agriculture-specific use cases.
• WorldCover: WorldCover provides climate and weather-index insurance to smallholder farmers in emerging markets. It shares hiveonline's smallholder-farmer distribution channels and financial-inclusion mission across Africa, though it focuses specifically on risk transfer rather than wallets or credit.
• Twiga Foods: Twiga Foods is a Kenya-based B2B agritech platform connecting smallholder farmers to urban vendors via mobile supply-chain tools. It is comparable on the marketplace, payments, and smallholder-onboarding side, though it focuses more on produce off-take than financial services.
• Tala: Tala is a mobile credit platform that lends to underbanked consumers in emerging markets using smartphone data for credit decisions. Comparable to hiveonline on the alternative-data underwriting approach to financial inclusion, though Tala focuses on consumer credit rather than cooperative farmer finance.
• M-KOPA: M-KOPA provides pay-as-you-go solar and asset financing to off-grid households in East Africa using mobile-based credit infrastructure. Comparable to hiveonline in using digital finance to reach underserved rural customers, though its products are solar-focused rather than agricultural.
• AZA (formerly BitPesa): AZA is a blockchain-enabled cross-border payments and FX infrastructure provider for African and emerging markets. It is comparable to hiveonline in its use of DLT for financial inclusion and its Africa focus, though it targets treasury and B2B cross-border flows rather than farmer wallets.

Direct peers

• Pula: Pula designs and distributes agricultural insurance and digital advisory products for smallholder farmers across Africa and Asia. It is highly comparable as a data-and-finance infrastructure layer for smallholders, with overlapping distribution models via partners and farmer cooperatives.
• Apollo Agriculture: Apollo Agriculture is a Kenya-based agritech that uses data and machine learning to underwrite credit and deliver inputs to smallholder farmers. It overlaps directly with hiveonline's lending-facilitation, input distribution, and smallholder credit-scoring focus across East Africa.
• BanQu: BanQu is a blockchain supply-chain platform that creates immutable economic identities and transaction histories for smallholder farmers and producers in Africa and Asia. It is the most direct comparable to hiveonline given its shared use of DLT to build credit records and supply-chain transparency for unbanked farming communities.

Regional players

• ACRE Africa: ACRE Africa (formerly Kilimo Salama) is a Kenya-based agricultural insurance and risk product designer serving smallholder farmers across East Africa. It is comparable to hiveonline in farmer-facing risk and financial products, though with a narrower insurance-only focus and East Africa-only footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/wearehiveonline
• LinkedInlinkedin.com/company/hiveonline
• Facebookfacebook.com/hivenetworkonline

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about hiveonline