Estonia

Richard Branson Joins Lightyear’s US$25 Million Series A Fundraise

Estonian-founded investment platform Lightyear announced that it has raised a US$25 million Series A equity round led by Lightspeed Venture Partners. The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the round alongside a number of

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BNPL Firm Twisto Taps Veriff for AI-Powered Identity Verification

Veriff, a global identity verification provider, announced its partnership with Twisto, a Zip-acquired buy now, pay later (BNPL) platform, to provide identity verification services for online merchants. With this partnership, Veriff expedites the identity verification process for Twisto customers, while

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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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