In Europe, there’s a growing trend for e-money and payment institution licenses. Estonia’s rise in the Fintech industry, along with its open banking policies, makes it a great hub for Fintech companies in Europe.

Estonia offers a sophisticated environment for Fintech firms looking for innovation and a reliable base within the EU rules. Almost all financial transactions—around 99%—happen digitally in Estonia. They use electronic ID and Blockchain tech a lot in their Fintech services.

Estonia has been into decentralized networks since 2001 and actively adopted Blockchain tech from 2008. This led to the world’s biggest Blockchain firm being established in Estonia, which still has a big presence there. Even NASDAQ tried out Blockchain-based shareholder voting in Estonia and it went well.

Before deciding on the best legal form for your FinTech in Estonia, VALCORP lawyers will guide you through the legal forms accessible in Estonia.

We also offer local bank account opening. You should also reserve a name of FinTech to check whether the FinTech with this name can be registered in Estonia.

We offer full support of the registration process for new companies , that also applies to Fintech companies that have entered the industry in Estonia.

Payment service provider license in Estonia:

A payment service provider is company whose main business is providing payment services. A license is needed to operate as a payment service provider in Estonia.

E-money institution license in Estonia:

A corporation that issues electronic money in its own name is known as an e-money institution. E-money is a type of electronic payment instrument that can be a card, a computer memory, or any other device that allows for the electronic storage of monetary units.

We provide full scope of licensing and account opening services in FinTechs.