5 Estonian FinTechs impacting the world of digital payments

By Gloria Methri

Estonia, a small Baltic nation known for its digital advancements, has emerged as a hotbed for innovation in the realm of financial technology. With its advanced digital infrastructure, supportive regulatory environment, and tech-savvy population, Estonia has fostered the growth of numerous companies that are reshaping the way we make payments and manage our finances.

From global giants like Transferwise (Wise) to local innovators like Paytailor, Estonian start-ups are making waves in the international FinTech landscape.

Let’s look at 5 start-ups headquartered in Estonia that are impacting the world of digital payments.

• Pocopay

Pocopay is an Estonian PayTech startup that offers a mobile banking app and payment solutions. It provides users with a digital wallet, payment cards, and the ability to send and receive money instantly. Pocopay aims to simplify personal finance management through its intuitive mobile app.

• Paytailor

Paytailor is a payment solutions provider that offers customizable payment tools for businesses. They provide services such as mobile payments, recurring payments, and loyalty programs to enhance the customer experience and streamline payment processes.

• EveryPay

EveryPay is a payment gateway platform offering cloud-based digital payment solutions for banks to manage the acquiring side of eCommerce. For bank merchants, the platform provides a variety of features to help them grow and scale by utilising online payment solutions. The company was acquired by LHV Group in March last year.

• Tuum

Tuum is a developer of API-based core banking systems. Its solution enables banks and financial institutions to digitise the banking process. Tuum provides deposits and savings accounts, asset and collateral management, loan management, accounting, and payments and cards. It also features multiple integration services for CRM, reporting, and AML.

• Montonio

Montonio provides payment financing solution for shoppers. It enables consumers to make low-interest installment payments for online products. Users can make payments in installments via credit/debit cards. The solution can be integrated into platforms like Magento, PrestaShop, Woocommerce, and more.

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