Fintech in Estonia

Author: Birute | #BRG

Estonia – often referred to as e-Estonia due to its advanced digitization of public services – has been successfully establishing its position as a fintech hub. To achieve this goal, it has been investing in its digital infrastructure, passing progressive regulations and cultivating a tech culture. Estonia’s efforts have paid off: it has managed to create 2.3 fintech unicorns per million people, establishing itself as one of the leading European countries. 3 Estonian fintech unicorns – Wise, Glia and Zego – hold the largest share among Estonia’s total of 10 unicorns. In the context of Europe, the Baltic state outperforms other highly productive countries such as the UK, Germany, France and the Netherlands.