
Estonia
Fintech Ecosystem: Estonian Fintech Startup Map 2023
In Estonia, blockchain and cryptocurrency is the most prevalent and advanced vertical of the fintech sector, representing more than a fifth of all Estonian fintech startups, a new map released by the Fintech News Network reveals. The Fintech Estonia Startup
Read MoreEstonia Tightens Authorization of Virtual Asset Services
After the amendments to the Money Laundering and Terrorist Financing Prevention Act took effect on 15 March 2022, the validity of 389 authorisations has expired, either based on the decision of the Financial Intelligence Unit or at the request of
Read MoreAngel Investing Platform Funderbeam Bags US$40M Funding Led by VentureWave
Funderbeam, an Estonian angel investing and trading platform, has received US$40 million investment led by Irish Venture capital firm VentureWave. VentureWave said that it will take an active and strategic leadership role in scaling Funderbeam’s technology across venture assets. The
Read MoreEstonian Crowdfunding Platfom Estateguru Gets EU Crowdfunding Licence
Estateguru has announced that the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) has granted the platform its European Crowdfunding Service Providers for business (ECSPR) licence, allowing it to operate as a crowdfunding service provider across all European Union (EU) member
Read MoreEstonian Regtech Salv Raises €4M Seed Round
Salv, the regtech startup founded by former Wise and Skype employees, closes a €4m seed round extension led by ffVC, with German G+D Ventures and existing investors also participating. The funds will allow Salv to further develop its modular regtech
Read MoreEstonia’s Kriptomat Partners Volt for A2A Payments for Crypto Trading
Estonian crypto platform Kriptomat has partnered with UK payment gateway provider Volt to enable customers to make real-time account-to-account payments to buy, sell and exchange cryptocurrencies. Prior to integrating with Volt, Kriptomat customers used bank transfers, credit cards and e-wallets
Read MoreEstonia’s Mifundo Raises €1.2 Million in Pre-seed Funding Round
Estonian cross border lending platform Mifundo has raised €1.2 million in pre-seed funding led by Opus11 VC, with angel investors LHV Bank’s Jüri Laur and Iizi Kindlustusmaakler’s Kaido Kepp. Mifundo aims to build a platform to enable people to apply
Read MoreEstonian Freelancers, SMEs Can Now Invest in the Global Stock Market via Lightyear
London-based investing app Lightyear has launched business accounts in Estonia to enable freelancers and small business owners to invest in the global stock market. Estonian businesses will be able to invest in stocks and ETFs from the US and Europe
Read MoreWise Secures License to Operate Investment Services in Estonia
The Estonian Financial Supervisory Authority or Finantsinspektsioon has granted TINV Europe, a part of the Wise group which provides online money transfer service, a license to provide investment and ancillary services in the country. Wise is now allowed to accept
Read MoreStriga Secures VASP License Under Estonia’s Enhanced Regulations
Striga, formerly known as Lastbit, is the first company to be awarded a virtual asset service provider (VASP) license in Estonia under the amended Money Laundering and Terrorist Financing Prevention Act. Founded in 2018, Striga is building a crypto-native banking
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