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:
Whether you are a bank, a credit union or just starting a lending company – Bankish ends your IT-related worries. Our end-to-end SaaS solution provides a flexible and extensive toolbox of core IT solutions, springboarding financial institutions from legacy architecture to an intuitive, secure, and user-friendly environment. Bankish software lies at the heart of FI operations – full core-banking, at a fraction of the cost.
Meet Estateguru’s CEO and Co-founder Marek Pärtel. His company has enjoyed an immensely successful last 12 months, with successful A Round funding worth €5,8M completed and huge growth in staff numbers and business volumes. Find out what it takes to build Europe’s market leading real estate financing and investing platform and loan out over €500 million along the way, how to successfully expand to new countries on the continent, and how to scale a business rapidly and successfully.
EveryPay is a flexible partner helping banks and acquirers save time, resources and costs on digital payment 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 API based payments and alternative payment methods like Apple Pay, Google Pay and 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.
Our platform enables merchants to scale their businesses, gives financial institutions access to technology without additional investments, and offers consumers seamless financing for anything from sneakers to solar panels exactly when and where they need it, both online and offline. We partner with 5,400+ merchants from multichannel retailers to marketplaces and PSPs, we have 865,000+ active contracts, 500,000+ active shoppers, and we generate 42,000 new contracts monthly.
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.
Modularbank’s API-first and cloud-agnostic core banking platform consists of independent modules that cover all retail and business banking processes such as accounts, lending, payments, deposits, assets & collaterals, financial accounting, cards. Via a flexible ‘pick and choose’ approach, each business can select the exact capabilities they need. Founded in 2019 by five Estonian financial IT pioneers and entrepreneurs with decades of experience in the banking industry, Modularbank currently employs more than 60 people in Tallinn, Berlin and Malaga.
For fast-growing fintechs, we offer a one-stop-shop – transaction monitoring, sanction screening, and KYC risk scoring, all in one place. For a more established enterprise we help to cut down costs and investigation time by automating 80% of all sanctions screening related manual work. With our collaboration platform 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 both fintechs and banks (LHV, SunFinance, Kroo, TrueLayer, Rewire to name a few) in 10 European countries.
SK ID Solutions is an innovator and industry leader in international e-identity solutions. Providing trust services for over 20 years that satisfy the highest European standards, we are Estonia’s main partner in issuing certificates for national identity documents. We enable citizens of different countries to securely use cross-border authentication and give legally binding electronic signatures. SK’s latest innovative electronic identity, Smart-ID, has more than 3 million users worldwide, delivering the utmost security and convenience for end-users.
Union Fintehs DelHive is a modular Saas based finance solution, having the backbone of a general ledger accounting. Entire front-to-back solution for loan lifecycle management solution is available in stand alone modules or as a fully integrated digital core. Modules are open to integrate, customised and cloud based. Cutting-edge technology, domain expertise and flexible approach has helped our clients to improve their value proposition, profitability and business model agility.
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