Q&A- Startups

7 Questions with Didrik Martens, BizBot

BizBot is among the startups selected to present to leading investors like SeedX Lichtenstein, Capnamic Ventures, G+D Ventures and Idinvest Partners at the 11th FinTech Forum, 21st Nov. 2019 in Frankfurt: https://ftf11.eventbrite.com

1. Please tell us a bit about yourself, both at work and leisure.

I am an entrepreneur, business developer and 100% digital. I am educated in social sciences with a master degree in Society, Science, and Technology. I have an analytical approach to the development of technology and science. I am self-taught in terms of technology and I can build my own computer. Creating websites is a good example of what I have learned while I have explored my VR glasses and other gadgets in my spare time. I also play football, tennis, squash and skiing in the winter.


2. Which services do you sell and who are your competitors?

We are simplifying business administration. Our platform is like a business operating system with features and communication tools will save you time and frustration. Keep track of your investors and cap table, store create and sign documents, publish news to investors, board or public, make your own app or connect to the tools you already use. As an investor you can keep track an follow all you investments.

There are other great tool in our space such as Carta, Capdesk, Capshare, but we believe that we can connect to all of them and work together.


3. How did you get your startup idea and how did you go about launching it?

I started my first business while studying at the University of Oslo and it all ended up at https://fuckupnights.com/ where I told about my failure. Out that story came the idea of BizBot, a digital co-founder that can help with all the admin work you have to deal with as an entrepreneur. BizBot was started at https://www.thefactory.no/ a Norwegian accelerator.


4. How did you finance your startup, and what learnings would you like to share from the fund-raising journey?

Our first investment came from https://www.thefactory.no/ . Now we have friends, angels and family offices that have invested and some grants from the Norwegian Government.

My learnings is that always fundraise as it takes so much time. Get to know your investors, they are very different and you are going to work with them. 


5. What areas within FinTech do you personally find most interesting and why?

I am not sure if I have any favourite, but I always like ideas that solves a clear problem, but at the same time is a bit futuristic.


6. What opportunities do you see for FinTech startups in Europe, and how can we  help? 

Europe is a head when it comes to technology and specially since we have to make it work across many countries. I think start-ups within Fintech need help with funding, branding and network!


7. What tip would you like to give FinTech entrepreneurs?

Make sure you believe in your idea, if not, it’s going to be hard to convince others!