Akim Arhipov

Akim Arhipov

Estonian. I currently serve as the member board at BASIS ID and partner at VNTRS.

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Current Location Tallinn, Estonia

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BASIS ID - identity verification and eKYC company in SEA, a large share of which was acquired recently by Swedish IT giant ZignSec.

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VNTRS - venture capital studio that helps founders to launch fast-growing products by investing competence and money.

Story

There were many mistakes in my path: we didn't know how to launch products, hire people and measure metrics. All this summed up in the time we've wasted. I am ready to make every effort to rid the founders of this terrible loss and focus on growth immediately.

In 2000, I learned coding as a student: launched Lineage 2 gaming servers and international courier service in my small room in Narva, Estonia. Striving for knowledge, I moved to Edinburgh, Scotland. I worked 12 hours per day at a production line to be able to survive and continue studies. It was a mind-blowing burst of motivation! Hustling around, I got a job at HSBC's head office with 10,000 employees in it, while still finishing a university degree in banking and finance.

While studying at the university, I was invited to help set up a new transportation company in Europe. I was inspired by the idea of allowing people of all ages and incomes to meet their families cheaper and faster than before. The goals were achieved through bold solutions in data analytics and machine learning. More than 70 lines were launched and 250+ trips were being performed by 130 buses on a daily basis. Eight million people per year were enabled to travel comfortably and with bigger ease than before. The result was inspiring and I challenged myself to understand better how people interact, and how culture and habits affect decision making.

The concept of improved interaction in the real world through IT solutions drove me to Singapore. Together with my team, we created a global identity verification and personal data management tool that would simplify access to financial tools for unbanked people while meeting the highest security requirements. This is how BASIS ID was born, and now it’s part of the ZignSec family.

In 2018, I was listed on Forbes 30 Under 30 for contribution to the development of the digital identity in Asia. By the age of 26, I visited more than 40 countries.

My strategy during the last 10 years were to say "yes" to every incoming opportunity. However, this negatively affected my perception of life values. Now I concentrate on what I really like. Recently I returned to Nordics to chase my real dreams and build meaningful and impactful products together with great founders. During TheGlobalHack, we created Classwise.ee in order to help teachers to record and share video lessons with pupils. It's used by Estonian and Swedish teachers and already recorded 200+ lessons (Q3 2020).

Scholarship

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Scholarship #justnameIT

Investments

I am occasionally lucky enough to convince founders to let me join as a small part of their journeys. I'm a quiet name on the cap table and cannot take credit — all success is squarely due to their hard work and vision.

Proud of

NameDescriptionTagsLink
Startup Wise Guys
Europe's most experienced B2B startup accelerator
#accelerator#fund
ATOM Mobility
All the technology you need to launch and scale kickscooter, scooter, bike, moped or even car sharing business.
#mobility#seed
Jeff App
“Tinder for loans”. Loan brokerage solution that utilizes alternative data to boost financial inclusion in Southeast Asia
#fintech#seed
imagiLabs
Learn coding with smart accessory that you can personalize anytime and anywhere through the imagiLabs app.
edtech#pre-seed

Stories and DD reports

I am occasionally write short articles and due diligence reports. I share it with my friends and we try to help startups or have strong discussions about interesting topics:

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My learnings in due diligence: 2020
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Market evaluation: TAM-SAM-SOM
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Recap: How to avoid a climate disaster by Bill Gates
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Timeless retro games. Online multiplayer.
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Enterprise-grade learning & development suite
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All measurements from one place
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Subscription based blood micro-sampling kit delivered by courier
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Real estate agents marketplace
Interaction tool for virtual events
Interaction tool for virtual events

Adventures

I love adventures. Hiking, sailing, kitesurfing, biking, surfing - just name it. If you have a great idea for crazy trip, let me join you!

Links

Contact

I am trying to set better expectations for those reaching out (and to selfishly spare my inbox). If you are contacting me for one of the following reasons, please take a quick look at my default response before doing so.

Investing

I don't invest frequently but, when I do, I prefer founders whom I know personally or markets that are dissimilar to the ones I'm already in.

Regardless, I'm always happy to see new startups and founders and provide feedback so please do email me your deck or prospectus!

Speaking

Unfortunately, I'll decline most opportunities unless I have a personal relationship with the organizer or if it's a smaller audience of <50 attendees.

Students

It wasn't so long ago that I was in your shoes and I remember, admire, and sorely miss the hustle and grind.

I'm launched #justnameIT scholarship. Please read the terms and apply!

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Email me To get in touch

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Connect with me On LinkedIn