Estonia

Two suspects arrested in Estonia accused of $575m crypto fraud

Both defendants appeared in court in Tallin and are being held pending extradition to the US.

LHV

LHV Group lands £30m to capitalise new UK bank

Part of the proceeds from the fundraise will be used to capitalise LHV’s new UK bank.

Europe fintech funding round-up: Previse, Qonto, Volume, Tuum & Monspire

A handy round-up of the recent funding endeavours of fintech companies across Europe.

European fintech start-ups Montonio and Payaut secure funding

Montonio raised €11 million and Payaut secured €8 million, respectively.

LHV

LHV Group set to acquire Estonian paytech EveryPay

LHV CEO says growing its payment services business has become an important part of the firm’s growth strategy.

Banking infrastructure provider LHV UK taps Tuum for core banking tech

Tuum is a banking customer of LHV UK, and now LHV UK has become Tuum’s tech user.

Digital ID verification platform Veriff raises $100m Series C at $1.5bn valuation

Veriff says the cash injection will be used to invest in R&D and grow its sales and marketing teams.

ICYMI funding round-up: Novus, Bumper, topi, Toucan, & Raison

With the fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.

Blockchain start-up XREX lands $17m funding to expand global footprint

The fintech’s global investors include major banks and venture capital firms.

LHV

LHV UK appoints three new execs to support UK banking push

Gary Sher, Assad Kazi and Rebecca Wright join as CFO, CRO and CPO, respectively.

monese

Monese partners Veriff to strengthen digital security

The neobank will use Veriff’s tech to onboard and authenticate the identity of customers.

checkout

Checkout.com acquires Estonian software development firm Icefire

The acquisition is the firm’s largest to date.

Identity verification firm Veriff raises $69m in Series B funding round

Estonian identity firm plans to use cash to expand in the US.

Luminor Bank selects FIS Ambit Focus for risk management

Estonian bank aims to optimise its liquidity and manage risk.

Modularbank lands €4m to set up UK commercial operations

The start-up claims to be cashflow positive since its inception.

European Investment Bank invests $80m in Lithuania’s SME Finance

The firm is charged with backing Baltic enterprises through the COVID-19 pandemic.

Women need to be empowered not preferred, says Modularbank CEO

“They looked at me, as if to say: ‘what is this girl doing here?'” says Vene.

Baltic bank Luminor signs on FA Solutions to simplify cross-border ops

Luminor has been working on centralising its IT systems.

OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services

The services will help develop APIs alongside evolving regulations.

Luminor Bank deploys facial recognition for customer onboarding with Ondato

The Baltic bank will launch the new solution across Latvia and Estonia in the near future.

Estonian start-up Xolo offers banking services with Wirecard Bank

Xolo is a “one-stop-shop” for one-person micro-businesses.

US DOJ digs deeper into Deutsche role in Danske money laundering scandal

Deutsche officials were made aware that the scope of the DoJ probe had broadened.

How to thrive in an ever changing market, a conversation with the COO of Qualco

Spyros Retzekas, COO at Qualco says agility is the key.

Estonia ups requirements for virtual currency licences

In an attempt to avoid money laundering and terrorism financing.

Digital disruption: how Estonia leads the way to our future digital economy

Digitising processes saves Estonia 2% of its GDP a year in salaries and expenses.

Danish and Estonian regulators under EBA investigation over Danske incident

The bank has also closed its Baltic and Russian operations.

EBRD and Estonia unveil regulatory sandbox

European Bank for Reconstruction and Development and Baltic nation team up.

Crypterium releases crypto-fiat solution

Its tool allows users to top up their mobile phone balance.

Blockchain-based PlasmaBank breaks into Asia and Europe

The platform will also act as a marketplace for other financial products and bank accounts.