FINANCE INNOVATION

Operating

Finance Innovation | Empowering Norwegian fintech

The fintech cluster in Norway aims to deliver value to members by enabling infrastructure, strengthening the ecosystem and facilitating collaboration.

Styrke det samlede norske fintechmiljøet på vegne av banker, finansselskaper, forsikringsselskaper, teknologiselskaper, organisasjoner, og utdannings- og forskningsinstitusjoner. Herunder skal Finance Innovation jobbe aktivt for økt samhandling, kunnskapsutvikling, innovasjon, verdiskapning, vekst og internasjonalisering i bransjen gjennom etablering av et klyngeutviklingsprosjekt med base i fintechklyngen i Bergen.

Non-profit foreningen Finance Innovation er en sentral pådriver for utviklingen av morgendagens finansbransje. Som en næringsklynge med mandat fra Innovasjon Norge, samler vi aktører fra hele økosystemet for å fremme innovasjon, digitalisering og bærekraft. Foreningen skal styrke det samlede norske fintechmiljøet på vegne av banker,

Organization

CEO: RP
Rea Parashar1987
Chairman of the board: AS
Anders Skjævestad1966
Years since formation: 8 years; since Aug 17, 2017
Type: Association/club/organization
VAT registered: Yes
Number of employees: 7

Financials

Total operating income 2024: 11,792,050; NOK
Annual total result 2024: -2,915,141; NOK
Total equity 2024: 1,033,540; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
RP Rea Parashar 1987	Managing Director/CEO	-

Board

Name	Role	Shares
HS Henriette Sæther Tveit 1986	Board Member	-
SK Stian Karlsen 1981	Board Member	-
MW Martin Wik Sætre 1979	Board Member	-
SB Stine Betten Neteland 1982	Board Member	-
AS Anders Skjævestad 1966	Chairman	-
PH Pinar Heggernes 1969	Board Member	-
ES Eilin Schjetne 1975	Board Member	-
ES Eirik Sjåholm Knudsen 1985	Board Member	-
RM Ramtin Matin 1984	Board Member	-
IÅ Inge Ådland 1968	Board Member	-
RS Rune Synnevåg 1983	Board Member	-
AK Audhild Kårstad 1987	Board Member	-

Others

Name	Role	Shares
B BDO AS	Auditor	-
S SPAREBANK 1 SØR-NORGE FORRETNINGSPARTNER AS	Accountant	-

Last update: Nov 26, 2024

Ownership

No available data

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	11,792,050	16,247,418	12,582,608	11,167,084
Annual Total Result	-2,915,141	169,724	-1,929,509	1,508,240
Total assets	4,114,192	6,865,185	5,396,747	6,611,524
Total liabilities	3,080,653	2,916,504	1,617,790	903,058
Total equity	1,033,540	3,948,681	3,778,957	5,708,466

P&L

Year	2024	2023	2022	2021
Total operating income	11,792,050	16,247,418	12,582,608	11,167,084
Total operating costs	14,764,728	16,081,782	14,480,809	9,662,844
Operating result	-2,972,678	165,635	-1,898,201	1,504,240
Financial income/costs	57,537	4,088	-31,308	4,001
Profit before tax	-2,915,141	169,724	-1,929,509	1,508,240
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-2,915,141	169,724	-1,929,509	1,508,240

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	198,201	317,080	202,961	270,084
Total current assets	3,915,991	6,548,105	5,193,786	6,341,440
Total assets	4,114,192	6,865,185	5,396,747	6,611,524
Short term debt	3,080,653	2,916,504	1,617,790	903,058
Long term debt	0	0	0	0
Total liabilities	3,080,653	2,916,504	1,617,790	903,058
Contributed capital	0	0	0	0
Retained earnings	1,033,540	3,948,681	3,778,957	5,708,466
Total equity	1,033,540	3,948,681	3,778,957	5,708,466
Total equity and liabilities	4,114,193	6,865,185	5,396,747	6,611,524

Classification

21st company classification

BETA

Small company

FINANCE INNOVATION919 426 004