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

Read More

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

Read More

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

Read More Acquires Estonian Identity Verification Firm GetID for EUR 8.1 Million

Stockholm-based 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. provides a software that combines multiple UX-systems, data

Read More

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

Read More

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,

Read More

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

Read More

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

Read More Acquires Estonian Software Development Firm Icefire, a London-based cloud-based payments solutions provider, announces the acquisition of Estonian software development firm Icefire. The acquisition of Icefire and their 110 technology engineers will join’s global technology teams to accelerate the delivery of key products and features.

Read More

EstateGuru Seeks up to €1 Million in Funds on Crowdfunding Platform Seedrs

​EstateGuru, an Estonian marketplace for short-term, property-backed loans, announced a funding round on equity crowdfunding platform Seedrs up to the initial value of €1 million in order to fund its technology roadmap and expansion plans. The campaign launched in private

Read More