Page 11 - RBI FIntech Atlas 2018

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Estonia
Size
# of active local 5 ntechs
Funding trends
Cumulative funding 2008-2018
€15M
1 9 6 2 9 36% 24%
10% 5% 1% 2% 9%
15%
6% 10 512 6
24% 25 24%
€10M
27%
104 €62M
17% 18
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Startup Wise Guys
3TS Capital Partners
NFX
Self
Y Combinator
Ace Ventures
Mosaic Ventures
SV Angel
Karma Ventures
€5M
37
Capital Markets Wealth Management
2
2
1
1
1
1
1
1
1
Technology Support
Debt
Seed/Angel
0
2013 2014 2015
2016 Series A
2017 2018 Not disclosed
Top ntech companies
Company Description Funding (€)
Aasa global Credit solutions to consumers and 12.1M businesses
Megion Research Designs and creates solutions for bitcoin & Development infrastructure
9.9M
Funderbeam Global startup rating, tracking and funding 9.3M platform
Fortumo Helps to monetize virtual goods and 7.6M premium features in apps
Veriff Online identity veri cation 6.7M
Bondora Global platform for cross-border investors 5.8M and borrowers
Katana MRP Manufacturing MRP System 2.1M
Raison AI platform for investment and personal 876K nance
SigmaCapital OÜ
Loans, Guarantees & Leasing 489K
EstateGuru Cross-border marketplace for short- and 298K mid-term property loans
Investor
# of investment
Selected Top VC investors ranked by number of investment in local ntechs from 2008-2018. Lowest category ranked by date of investments.
Sources: Tables include ntechs headquatered in Estonia. Funding rounds and amounts are relative to the period 2008-2018 and exclude M&A and IPO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population (M) 1.3
GDP total (€ Bn) 25
GDP per capita (€, at PPP) 24,760
GDP growth (%) 3.5
Of cial currency EUR
Source: Eurostat, IMF, European Commission, RBI/Raiffeisen RESEARCH Data for 2018, estimates
Total bank assets (€ Bn) 26
Total bank assets / GDP (%) 108
Account ownership (% of population) 98
Debit card ownership (% of population) 92
Internet usage (% of population) 88
Usage of internet to pay bills (% of population) 72
Send/received digital payments (% of population) 95
Latest available data as of 2017/2018
Source: ECB, national sources, World Bank, RBI/Raiffeisen RESEARCH
113K
7.56M 1.3M
8.98M
1.7M
12M 13.7 M
265K
6.27M
6.5 M
2.27M
10.76M 13 M
4.1M
4.45M
4.49M 13 M
4.36M
2.36M
6.7 M