Estonia

How Emerging Technologies Are Boosting E-Governance in Estonia

Estonia has seen soaring success with e-governance initiatives. In the UN’s 2020 E-Government Development Index, the country ranked third out of a total of 193 countries. The index assesses how countries use information technologies to promote access and inclusion. Estonia

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Mastercard’s Accelerator Lineup Features Women-Led and Sustainable Startups

Mastercard has revealed the 15 tech startups that will be joining the fall edition of its Lighthouse FINITIV programme from Sweden, Estonia and Finland. This fall, the programme kick off in Stockholm, Helsinki and Tallinn while utilising the benefits of

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Estonia’s EstateGuru Bags €5.8 Million From Series A Fundraise

EstateGuru, an Estonian marketplace for short-term, property-backed loans, announced the successful closure of its €5.8 million Series A funding round, with investments coming from Switzerland, United Kingdom, Czechia, Austria, Germany, and Cyprus. The lead investor for the round is TMT

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Estonia Grants Insurance Broker License to e-Resident Digital Nomad Broker

The Estonian Financial Supervision Authority (Finantsinspektsioon) has officially granted an insurance broker license to Herrmann, Huebner & Partner to set up NOMADS INSURE in the country. The firm said that it has emerged as the first e-Residency company to receive

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Nets Extends Partnership With Estonia’s LHV Bank, Adds Issuing Services in the UK

Nets, a payment services provider based in Denmark, has extended their long-term partnership with Estonia’s LHV Bank, while adding new issuing services for the latter’s British subsidiary, LHV UK Limited. ​The extended partnership will see Nets continue to deliver full

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Checkin.com Acquires Estonian Identity Verification Firm GetID for EUR 8.1 Million

Stockholm-based Checkin.com Group announced that it has acquired GetID, an Estonian identity verification software provider, for EUR 8.1 million. Completion of the transaction is expected to take place during August 2021. Checkin.com provides a software that combines multiple UX-systems, data

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Estonian Ride Hailing App Bolt Bags €600 Million Led by Sequoia

Estonian ride hailing app Bolt announced that it has closed a €600 million funding round, increasing its valuation to more than €4 billion. The firm said that the funds will be used to boost its new grocery delivery service Bolt

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Estonian Central Bank Talks About Digital Euro Experiment Results

Eesti Pank (EP), the central bank of Estonia, carried out a research project to assess one possible technical solution for a digital euro along with the European Central Bank (ECB) and the central banks of Spain, Germany, Italy, Greece, Ireland,

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Estonian Startup Payqin Closes €300K Seed Round To Grow Its E-Wallet Service in Africa

Estonia-based cross-border payment startup PayQin has raised €300,000 in a seed funding round, pushing the startup’s total funding to US$1 million. Founded in 2017, PayQin operates a comprehensive e-wallet service in West Africa for the unbanked and underbanked population. Its

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Danish PFM Platform Spiir Released the Beta Version of Its App in the Baltics

Danish personal financial management (PFM) app Spiir announced that it has launched a beta version of its app in the Baltics ahead of their recent expansion into Estonia, Latvia and Lithuania. The team behind the app has made a special

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