Page 13 - FintechAtlas2019

Estonia
Size
# of active local fintechs
4++2++17+4234+20+8 1+8+7+61+12+101+ 42% 63%
13
Cumulative funding
2008-2019 €50M
Funding trends
8% 4% 2% 4% 8% <1%<1%10% 3% 13 636 7%
5
17% 27 20% 12%
33 €25M 162 € 108M
69
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Startup Wise Guys
Karma Ventures
Speedinvest
Janis Rancans
Kuido Lepik
Startupbootcamp
Passion Capital
Link Tribe Capital
Data Ventures
Seedcamp
0
Capital Markets Wealth Management
Technology Support
2014
Debt
2015 2016
Seed/Angel
2017
Series A
2018 2019
Not specified
12
2
2
2
2
1
1
1
1
1
Top funding rounds 2019
Company Funding Date Funding (€)
XOLO 7/2019 6M
Salv 12/2019 1.8M
EstateGuru 6/2019 1.3M
BITLEVEX 9/2019 245.4K
PaySic 5/2019 169.7K
Investor
# of investment
Selected Top VC investors ranked by number of investment in local fintechs from 2008 to 2019. Lowest category ranked by date of investments.
Sources: Tables include fintechs headquartered in Estonia. Funding rounds and amounts are relative to the period from 2008 to 2019 and exclude M&A, IPO and ICO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population 2019 (M)
GDP total 2019 (€ Bn)
GDP per capita 2019 (€, at PPP)
GDP growth 2019 (% yoy)
GDP growth 2020 (% yoy)
Official currency
1.3
27.6
25,500
4.3
-7.5
EUR
Total bank assets 2019 (€ Bn) 25 Total bank assets (% of GDP) 110 Account ownership 2020 (% of population) 98 Debit card ownership 2020 (% of population) 92 Internet usage 2018/2019 (% of population) 89 Usage of internet to pay bills 2020 (% of population) 80 Sent/received digital payments 2020 (% of population) 98 Source: national sources, ECB, ITU, World Bank, RBI/Raiffeisen RESEARCH; estimates for 2020 penetration ratios
Source: IMF, ITU, World Bank, RBI/Raiffeisen RESEARCH, data for 2019 and estimates for GDP growth 2020
1.5M
1.5M
4.5M 6M
3.1M
0.2M 60K 5.7M 6M
3.9M 7M
46.9M 57.7 M
2.2M
1.3M 6M 9.5M
15M
16.5 M