Named the most advanced digital society in the world, Estonia has built an efficient, secure, and transparent ecosystem where 99% of government services are online. This digital-first approach to how things should work also applies to the finance world. Estonia is virtually cashless, with over 99% of financial transactions happening digitally.
Financial solutions here are known for being highly innovative, user-friendly, and reliable. That’s because Estonia as a whole, as well as its financial technology sector in particular, have had close to thirty years to build a high-level financial system from scratch, fueled by a uniquely entrepreneurial and tech-savvy environment that has, among other things, given rise to more unicorn startups per capita than any other country in the world.
Today, Estonia’s ever-evolving fintech sector is poised to help set the trend for Europe and beyond.
At Money20/20 this September, meet the Estonian fintech innovators making money move smarter:
We cover consumer and SME financing as well as deposits, secured and payday lending, from instalment to invoice finance throughout the entire credit life cycle. Modular software, desired add-ons and operational customisation are the key points of our full infrastructure implementation, making sure that your new systems’ ecosystem performs.
We are developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond. By connecting different service providers, SMEs, and investors into one single marketplace, we can offer something unique that other financial institutions cannot: a seamless, cross-border, and digital service for borrowers and investors.
EveryPay is a flexible partner helping banks and acquirers save time, resources, and costs on product development. We offer the same features as the leading 3rd party PSPs and help to secure more merchants, increase revenues, and manage acquiring risks effectively. We support debit and credit card payments, Open Banking payments, API based payments, and alternative payment methods like PayPal.
We help businesses verify identities and streamline the customer onboarding processes. Our highly customizable solution includes ID Document Verification (7000+ ID documents and 220+ countries covered), Face Matching, Liveness test, AML Screening, Proof of Address. The GetID Verification flow builder enables clients to quickly configure user onboarding journeys and choose integration flows. Some of our clients include Admirals, Decta, and GetaPro.
We offer sales finance, pay later, loans and credit cards to more than 500,000 active retail customers through a distribution network of 4,000 merchants. Since our inception in 2011, Inbank has financed over 1 billion euros worth of purchases. Ranked in the FT1000 annual list of Europe’s fastest-growing companies, we are listed on the Nasdaq Baltic Stock Exchange.
We help fintech businesses across the world reach out to anyone with a mobile phone.
We are trusted by companies like Monese, Paysera, LHV, and Ferratum Bank on their business-critical messaging needs, including transactional notifications, user authentication, and SMS marketing.
Our focus is on the highest possible quality for both delivery and customer service. Our team shares the mindset of going the extra mile, which is why our very first customers are still with us today. With the help of Messente’s account managers, you can rest assured that all the regulations are met and messages delivered.
Our independent modules cover all everyday banking processes—accounts, loans, payments, cards, assets, and collateral—and allow you to combine the capabilities as needed. Founded in 2019 by five Estonian financial IT pioneers and entrepreneurs with decades of experience in the banking industry, we currently employ over 50 people in Tallinn and Berlin.
Head of Business Development
For fast-growing fintechs, we offer a one-stop-shop, with transaction monitoring, sanction screening, and KYC risk scoring all in one place. For a more established enterprise we help to cut down manual sanctions work by automating 80% of the tedious repetitions. With our AML Bridge banks can get access to third-party AML intelligence and communicate with other banks in their network to help cut out criminals abusing the financial system. We are already trusted by banks and fintechs (LHV, Swedbank, SunFinance, Binks, Vybe to name a few) in 8 European countries.
We have been providing electronic identity services to the government and banking sector for 20 years. Leading experts and decades of experience allow us to deliver cutting edge solutions compliant with the latest EU regulations and directives.
Our vision is to create a range of easy-to-use solutions that can be used as standalone modules or integrated infrastructure. All solutions will be digitally enabled: real-time, multi-channel, API enabled, and highly scalable. Our team of 15 highly skilled professionals has 100 years of combined experience in finance and technology.
Our intelligent decision engine can analyze thousands of technological and behavioral variables in seconds, matching people to more than 9,000 government-issued IDs from over 190 countries. We serve a global portfolio of organizations across the fintech, crypto, and mobility sectors. Our total funding to date is $92.8 million, including a Series B funding round of $69 million in April 2021. Investors include Y Combinator, Mosaic Ventures, Nordic Ninja, Accel, IVP, and others.
21 Sep 2021