Stacc is the new name of CVision. With investments being made by new majority owners our goal is to create an international fintech company.

From the office in Bergen, Henrik Lie-Nielsen led Knowit’s digital agency units counting more than 500 employees until late January this year. Now the tech-entrepreneur is ready with his next project:

Together with former colleagues Geir Hamre Nordrik, Dag Alvern and Torgeir Thomassen, Lie-Nielsen is making a considerable investment in Knowit-company CVision. The four former colleagues will become majority owners in the company which will be known as Stacc. 

- Stacc has built a fantastic product for operating niche banks and financial services companies during the last 5-6 years. We see a great potential for further developing the product and company. 

Majority owners

This spring, Lie-Nielsen and Nordrik started the conversation about the future of CVision with Knowit’s management. – The company has considerable potential, but realizing that potential requires resource in the shape of money, competence and a strong focus on product development with an international ambition.

We suggested to Knowit that we might invest both time and money in the project, establishing a common ambition of an international launch. After several conversations during this spring we agreed that this was a great idea. Knowit will retain a 25% ownership stake in the company.
Geir Hamre Nordrik continues as CEO of the company, while Torgeir Thomassen continues as head of product. Dag Alvern enters the role of project director and Henrik Lie-Nielsen assumes the position of board chairman and will spend time establishing relationship with new customers in Norway as well as abroad.

International ambition

– Stacc will enable the digital banks and banking services of the future. In Norway we are challenging the incumbents with a modern and flexible plattform that enables our clients to be extremely agile and fast. The goal going forward is to win the trust of more banks and financial services in Norway and the Nordics, before we will try to expand into Europe. Our ambition is international.

Stacc also have concrete plans of expanding its product portfolio with new solutions in the months ahead.