Estonia

Core Banking Provider Tuum Grabs 25M EUR Series B Led by Commerzventures

Tuum, a Tallinn and London based core banking provider, announced that it has raised EUR25m, in a series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors. Tuum has expanded rapidly since signing its first client

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Top 14 Fintech Events in the Baltics and the Nordics to Attend in H1 2024

Over the years, the Nordic and Baltic regions have emerged as vibrant hubs for fintech innovation, fueled and facilitated by advanced digital infrastructure and digitally literate populations, government support, and strong collaboration between traditional financial institutions, startups and technology companies.

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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

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Estonia 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

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Angel 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

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Estonian 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

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Estonian 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

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Estonia’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

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Estonia’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

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Estonian 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

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