Estonia

Fintech Funding Momentum Continues This Year in Baltic States

2021 was a record breaking year for the Baltic States’ startup landscape with a total of EUR 1.6 billion in capital raised, an amount that’s nearly three times the sum secured by the region’s startups in 2020, data from local

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In the Baltics, Estonia Has Minted the Most Fintech Mini and Unicorns

In the Baltic region, Estonia is emerging as a fintech powerhouse, having minted the most fintech unicorns and being home to the largest number of fintech minicorns, or startups on the rise to becoming billion dollar companies. A new infographic

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Tink Expands Open Banking Payments Services to Estonia and Latvia

Tink, Europe’s leading open banking platform, has announced the expansion of its open banking payments services to five new markets across Europe. Its Payment Initiation Services (PIS) product is now live in the Netherlands, Norway, Estonia, Finland and Latvia. Tink

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Estonian Verification Startup Closes $100M Series C Funding Round

Veriff announced that they have raised $100M in Series C financing, co-led by Tiger Global and Alkeon, joined by existing investors IVP and Accel. This round brings Veriff’s total funding to $200M and its valuation to $1.5B, as it aims

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Bolt Secures €628M Record-Funding- Valuation €7.4B

Bolt announced the closing of their latest €628M round of funding — the largest to date. The investment round was led by Sequoia and Fidelity Management and increased Bolt’s valuation to €7.4B. Rebuilding cities for people, not cars For the

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Zurich Insurance Group to Acquire Estonia’s AI Firm AlphaChat

Zurich Insurance Group has agreed to acquire Estonia-based conversational AI company AlphaChat. AlphaChat’s customer service automation technology will help to enhance Zurich Insurance Group’s conversational AI capabilities, and support the development of Intelligent Virtual Assistants for both internal and external

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Estonian Investment Marketplace Raison Valued at US$11.5 Million After Seed Funding

Estonia-based late venture investment marketplace Raison has secured US$900,000 in a seed funding round. The round values the company at US$11.5 million, and was led by family office Server Partners, according to a statement by the company. The company will

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Estonian Bank LHV Offers Crypto Trading on Its App

Estonian banking and financial services company LHV announced that its customers are now able to trade major crypto assets on its app. Initially, customers will be able to buy and sell eight selected major cryptocurrencies at market prices including Bitcoin

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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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