FinTech in Estonia
add Jeff to latvija +snapio
Estonia is the one of the world's most advanced IT nations.
Today 99.8% of financial services occur digitally and the FIs are among the most profitable in Europe. Electronic ID and Cyber Security are among the most developed in the world and Estonia has successful used decentralised ledger technologies since 2001 and is home to Guardtime, one the world's earliest and largest Blockchain companies.
Here are some of the key movers and shakers. As Estonia is small many companies target larger markets but retain a back office or management link to Estonia:
Blockchain companies in Estonia
Collaboration platform for blockchain based business and cryptocurrencies.
Enterprise security and verification of compliance solutions for financial service providers.
Capital Markets tech in Estonia
International brokerage firm, back office in Tallinn.
Corporate governance and investor relations solutions for Venture Capital and Private Equity investors.
Core Banking providers in Estonia
Deposit and loan management system provider, spin out from digital lender Finora Capital.
Core banking system provider, spin out from IceFire.
Core banking system provider, with complimentary credit scoring and front end solutions.
Credit Scoring companies in Estonia
BIG DATA SCORING
Machine learning analyses of big data to help lenders approve more loans with lower defaults. Domiciled in Estonia,
Icelandic owned credit data and solution provider with sizeable ops in Estonia.
Credit information processing and analytics.
Credit scoring systems for consumer credit.
Crowdfunding and P2P companies in Estonia
Crowdfunding of real estate.
Alternative investment platform.
Peer-to-peer lender with 27,000 investors. EUR 417m of prime and near-prime borrowers since 2009.
Real Estate peer-to-peer lender, redomiciled from Latvia to Estonia.
Crowd funding of real estate across Europe.
Crowd funding of real estate in Estonia, Latvia, Lithuania, Finland and Germany.
Equity crowd funding of start-ups, including secondary market trading.
Equity crowd funding of start-ups.
Crowdfunding of invoices in UK and Estonia.
Peer-to-Peer investment platform, redomiciled from Bulgaria.
Cryptocurrency companies in Estonia
Japanese-Estonian crypto market data provider.
Cryptocurrency asset management, wallet and technology solutions.
Cryptocurrency exchange and hardware.
Cryptocurrency trading platform built on the Blockchain.
Digital agency for Crypto and Blockchain.
Crypto wallet, payment and card solutions.
ATM provider providing immediate exchange between cash and Bitcoin.
Start-up offering ownership of NASDAQ listed stocks via their proprietary token.
Digital wallet for storing cryptocurrencies, with ability to link debit card for real economy payments
Produce software and hardware for bitcoin mining. New venture HashFlare provides cloudmining services.
ICO funded platform for trading cryptocurrencies.
Peer-to-Peer Bitcoin marketplace registered in Estonia.
Aims to create regulated bank for the digital generation, spanning cards, cryptocurrency and lending.
Cryptocurrency multiwallet-debit card integration solution.
Customer Experience providers in Estonia
Messaging automation and analytics using A.I.
Financial search engine helping customers find the best deal in LatAm.
A.I. specialist helping FS firms analyse customer intent to improve cross-sell and retention.
A.I solutions for sales, customer service, fraud and risk management.
Finance and Accounting software in Estonia
Global programming hub for Finance & Accounting solutions.
Semi-automated expense reporting solution integrated with many accounting platforms.
Accounting and ERP system.
Business software with integrated payments and accounting for POS and online retail.
Automation of financial processes such as Purchase-to-Pay and Order-to-Cash.
Global accounting, ERP and CRM specialist with operations in Tallinn.
Accounting and payroll software, part of Visma group.
Business management software with project management, time and team management, sales, billing, and professional services automation
FinTech Advisors in Estonia
Pan-European advisor to FinTech's, FI's, governments and private equity investors.
FinTech customised software companies in Estonia
Software house with financial services references.
Software house with various FinTech solutions including core banking, payments, insurance and wealth.
Design and build financial services apps and digital wallets.
Software house with various global FinTech, payment and mobile app references.
Software house with various payment and trading platform applications.
Custom software solutions, clients include Banks in Estonia.
InsureTech companies in Estonia
Register and insure your bike online in 2mins, secured by global registry of bikes.
Digital insurance company on blockchain, connecting brokers directly with capital enabling them to launch their own virtual insurance companies
Flexible insurance for drivers of ride-hailing firms Uber, Bolt and Yandex.
SaaS offering making it easy for Insurance brokers, agents and end users to understand and transact.
Insurance application increasing speed of cover and providing overview of assets, cover, etc, clients in Germany, IT in Estonia.
London based InsureTech with Estonian founder and CEO.
Online Lending companies in Estonia
Online consumer and corporate lender active in 9 European countries from Estonia HQ.
CREDIT STAR GROUP
Digital consumer lender with over 1m client accounts in 8 countries. Brands including Monefit. Back office in Tallinn.
Global real-time lead broker for online lending industry.
Consumer credit specialist, including POS credit, hire purchase and leasing.
Online invoice financing in the Nordic and Baltic region.
Finnish owned Bank with consumer credit and back office operations in Estonia.
Loan marketplace aggregating credit offers, active in N. America, S. America and Europe from Estonian HQ.
Digital consumer lender, global IT hub in Tallinn.
Consumer lender in Balkan region, Estonian topco and management team.
Rent to buy car leasing and insurance provider in South Africa, under Estonian management.
Payments Service Providers in Estonia
Payment services provider
Payment service provider for e-commerce and phone transactions.
JV between LHV Bank and ChromaWay offering instant, secure, mobile payments in any currency.
Point of sale technology, payments and store credit.
Payments specialist supporting over 132,000 merchants in 92 countries with direct carrier billing.
Payments solutions for e-commerce.
Mobile payments for consumers and retailers utilising phone technology, no app or credit card required.
White label banking, onboarding, savings and payments solutions.
High speed intra-bank payments for corporates.
Payments and digital wallet provider active in S.E. Asia under Estonian management.
Global currency transfers, currently expanding currency pairs and in to corporate segement.
Start-up focusing on zero click micropayments.
Regtech companies in Estonia
Digital identity solutions.
Simplifies how individuals securely prove and share their identity online. US clients, Estonian co-founder.
SMS and PIN solutions for notifications, fraud prevention and 2 factor authentication.
AML platform start-up founded by ex Transferwise team.
SK IDENTITY SOLUTIONS
e-Identity solutions including cards, mobile and sim-less. Formed by Swedbank, SEB Bank and Telia.
Fast growing provider of A.I. web and mobile identity verification to reduce fraud and improve KYC.
Aasa Global▼, Argeld ▼, Bondkick ▼, Crowdsure ▼, Grünfin ▲, Hooandja ▼, Punk Finance▼
Asic Vault (crypto), Bank Apply (regtech), Cashongo (lending), Catapult (crowdfunding), Crowdana (crowdfunding), Envestion (p2p), Friendly Finance (acquired), Good Finance Company (payments), Ignite (software), Kuetzal (p2p). MyJar (lending), Payhub (payments), Proof of You (regtech), Sorbase (crypto), TreasuryView (risk), Unifox (crypto), WorldQuant (never opened)
List is updated periodically, last update 02.03.2021. List contains FinTechs which have Estonian operations, management or shareholders thus some may be active outside the country. This is a fast changing segment with high birth rate, failures and foreign investment, as such this list is indicative and no warrant is given as to accuracy or completeness.