FinTech Companies in Estonia

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:

AASA GLOBAL

Credit solutions for retail and SME clients, back office in Tallinn.

Lending

ADMIRAL MARKETS

International brokerage firm, back office in Tallinn.

Capital Markets

ADVAPAY

Payment services provider.

Payments

AGRELLO

Smart contracts powered by A.I. with contract versions saved on the blockchain.

Blockchain

ALPHABLUES

Automating customer experience through Chatbots.

AI

ARGELD

Crowdfunding of real estate.

ARVATO BERTLESMANN

Global programming hub for Finance & Accounting solutions.

F&A

ASICVAULT

Startup commercialising next generation cryptocurrency wallet promising 1000x better performance.

Crypto

ASKROBIN

Chatbot utilising ML and AI to improve financial inclusion for the underbanked.

AI

BANK APPLY

Simplifies bank account opening for individuals and companies in Europe.

BANKISH

Deposit and loan management system provider, spin out from digital lender Finora Capital.

Banking/API

BAROQUE STREET

Japanese-Estonian crypto market data provider.

Crypto

BIGBANK

Online consumer and corporate lender active in 9 European countries from Estonia HQ.

Banking

BIG DATA SCORING

Machine learning analyses of big data to help lenders approve more loans with lower defaults.

Credit Scoring

BIKE ID

Register and insure your bike online in 2mins.

Insurance

BITOFPROPERTY

Crowdfunding of real estate in Estonia and Singapore.

Crowd/P2P

BLACK INSURANCE

Startup seeking to streamline the insurance value chain by removing third parties.

Insurance, Blockchain

BLOCKHIVE

Collaboration platform for blockchain based business and cryptocurrencies.

Blockchain, Crypto

BONDKICK

Crowd funding of SME's in UK, Estonian management

Crowd/P2P

BONDORA

Peer-to-Peer lender with 27,000 investors. EUR 400m of prime and near-prime borrowers since 2009.

Crowd/P2P

BULKESTATE

Real Estate Peer-to-Peer lender, redomiciled from Latvia to Estonia.

Crowd/P2P

CACHET

Flexible insurance for drivers of ride-hailing firms Uber, Bolt and Yandex.

Insurance

CASH ON GO

Digital consumer lender in UK, back office in Estonia.

Lending

CATAPULT

Crowd funding of start-ups in S.E. Asia secured on the blockchain.

Crowd/P2P

CHANGE

Start-up Digital banking based on the Blockchain, active in Singapore, IT in Estonia.

Banking, Blockchain

CINDX

Cryptocurrency asset management, wallet and technology solutions.

Crypto

CODEBORNE

Software house with financial services references.

Customised

COINEX GROUP

Cryptocurrency exchange and hardware.

Crypto

COINMETRO

Cryptocurrency trading platform built on the Blockchain.

Crypto, Blockchain

COINTRAFFIC

Digital agency for Crypto and Blockchain.

Crypto, Blockchain

COST POCKET

Digital expense management and reporting application for corporates.

F&A

CREDIT STAR GROUP

Digital consumer lender in 8 countries. Brands including Monefit Back office in Tallinn.

Lending

CREDITINFO GROUP

Icelandic owned credit data and solution provider with sizeable ops in Estonia.

Credit Scoring

CREDY

Global real-time lead broker for online lending industry.

Lending

CROWDANA

Crowdfunding of start-ups in UK.

Crowd/P2P

CROWD ESTATE

Crowd funding of real estate.

Crowd/P2P

CROWDSURE

Crowd insuring.

Insurance, Crowd/P2P

CYPTERIUM

Crypto wallet, payment and card solutions.

Crypto

CUBER

JV between LHV Bank and ChromaWay offering instant, secure, mobile payments in any currency.

Payments

DATA ME

Credit information processing and analytics.

Credit Scoring

DECRYPTO

ATM provider providing immediate exchange between cash and Bitcoin.

Crypto

DX.EXCHANGE

Start-up offering ownership of NASDAQ listed stocks via their proprietary token.

Crypto, Capital Markets

E-RESIDENCY

Started as a project to provide access to Estonia's business environment, now a partner to Holvi and UNCTAD.

Other

EESTY

Digital wallet for storing cryptocurrencies, with ability to link debit card for real economy payments

Crypto

ERPLY

Point of sale technology, payments and store credit.

Payments

ESTATE GURU

Crowd funding of real estate.

Crowd/P2P

ESTO

Consumer credit specialist, including POS credit and leasing.

ETHLEND

Startup developing borrowing and lending marketplace based on Ethereum Smart Contract.

Lending, Blockchain

EVERYPAY

Payment service provider for e-commerce and phone transactions.

Payments

FAIROWN

Subscription for physical products and related services via financing.

FEELINGSTREAM

AI specialist helping FS firms analyse customer intent to improve cross-sell and retention.

AI

FERRATUM

Finnish owned Bank with consumer credit and back office operations in Estonia.

Lending

FINTECH MARKET

Software solutions for risk, loan and lead management.

FIIZY

Loan marketplace aggregating credit offers, active in N. America, S. America and Europe from Estonian HQ.

Lending

FITEK

Automation of financial processes such as Purchase-to-Pay and Order-to-Cash.

F&A

FIIZY

Digital marketing company focused on financial services industry vertical.

FORTUMO

Payments specialist supporting over 132,000 merchants in 92 countries with direct carrier billing.

Payments

FRIENDLY FINANCE

Digital consumer lender in 6 European countries.

Lending

FUNDERBEAM

Data to assist angels and entrepreneurs analyse start-ups. Crowd funding of start-ups.

Crowd/P2P, Blockchain

FUNDWISE

Data to assist angels and entrepreneurs analyse start-ups. Crowd funding of start-ups.

Crowd/P2P

GUARDTIME

Enterprise security and verification of compliance solutions for financial service providers.

Blockchain

HASHCOINS

Produce software and hardware for bitcoin mining. New venture HashFlare provides cloudmining services.

Crypto

HOOANDJA

Crowd funding for creative projects.

Crowd/P2P

ICEFIRE

Software house with various FinTech solutions including core banking, payments, insurance and wealth.

Customised, Banking/API

IGNITE

Software house with various customised cryptocurrency, Blockchain and insurance references.

Customised, Crypto, Blockchain

IPF DIGITAL

Digital consumer lender, global IT hub in Tallinn.

Lending

INBANK

Fast growing consumer lender and retail bank.

Banking

INSLY

Software making it easy for Insurance brokers, agents and end users to understand and transact.

Insurance

INVESTLY

Peer-to-Peer invoice finance for SME’s. Active in Estonia and UK.

Invoice Finance

INWISE

Platform for factoring invoices via auction, parent company of Supplier Plus, supply chain financing

Invoice Finance

INZMO

Insurance application increasing speed of cover and providing overview of assets, cover, et

Insurance

IUTECREDIT

Consumer lender in Balkan region, Estonian topco and management team.

Lending

IUVO

Peer-to-Peer investment platform, redomicilied from Bulgaria.

Crowd/P2P

KEY CAPITAL

Advise on the development, commercialisation and implementation of FinTech solutions.

Advisory

LHV BANK

Leading retail bank and FinTech investor.

Banking

LIFEUP

Digital service management for small and medium sized FS clients.

Other

MAKECOMMERCE

Payments solutions for e-commerce.

Payments

MESSENTE COMMUNICATIONS

SMS and PIN solutions for notifications, fraud prevention and 2 factor authentication.

MINDTITAN

AI solutions for sales, customer service, fraud and risk management.

AI

MOBILAB