Business

Estonian business stories around the world

TransferWise launches in the US, opens an office in New York

The Estonian-founded, London-based, money transfer startup, TransferWise, has launched its service in the US and opens an office in New York City. Joe Cross, one of the company’s early employees, will lead the New York office as General Manager. He will be building a team from the new hub in …

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PICTURES: TransferWise leads rally in London for a ‘deep clean’ of the financial system

The Estonian-founded, London-based money transfer startup, TransferWise, gathered “protesters” in London’s financial district today to call for a “clean-up of the banking system” and an end to hidden banking fees. The “demonstrators”, wearing bathrobes, drove engine-powered bathtubs around Bank station and blew millions of bubbles over London’s skyline. 6,000 blue rubber ducks …

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Estonian startup rankings by tax revenue

In Estonia, the homegrown startups are sometimes accused of being “all style and no substance”. Startup entrepreneur Ragnar Sass analyses the Estonian startups, based on their paid taxes, and proves that contrary to the argument put forward by skeptics, #estonianmafia pays a very real money to the state coffers.  The article …

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Estonia one of the most talent-ready countries in the world

According to the global graduate business school, INSEAD, Estonia is among the most talent-ready countries in the world. The second edition of the Global Talent Competitiveness Index, created by INSEAD, in partnership with Singapore’s Human Capital Leadership Institute and Adecco, placed Estonia 19th in the index, just ahead of Japan …

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Interview with Sten Tamkivi: Estonia as a home base for roaming entrepreneurs

Arkadi Zaitsev interviews the Estonian startup entrepreneur, Sten Tamkivi, the former head of Skype Estonia and now the founder of Teleport, an online platform that gives advice to global IT nomads about the most suitable places to live and work. Please note that the interview was first conducted by Arkadi …

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Estonia eighth in the world by economic freedom, second in Europe

According to the latest economic freedom index, compiled and published by the Heritage Foundation, a Washington, DC, based think-tank, Estonia has the eighth freest economy in the world, and the second freest in Europe, behind Switzerland. The Heritage Foundation said that despite the eurozone crisis and a half-decade of weak …

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Estonian-founded money transfer firm TransferWise receives US$58 million investment

The Estonian founded, London-based, money transfer firm TransferWise has received US$58 million investment from the investors led by the Silicon Valley-based American venture capital firm Andreessen Horowitz. The existing investors of TransferWise, including Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures and Seedcamp, also participated in the investment round. …

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2014 was a record-making milestone for Garage48, with new formats and markets

When we founded Garage48 back in 2010 we had one idea in mind – we wanted to show that launching a new startup is much easier than people may think. Since then many things have changed, but our goal to promote startup culture to larger audience in the Baltics and …

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Estonian startups aim to expand in the UK market

Last week, the Estonian Guild, the Estonian Embassy in London, and the Tehnopol Startup Incubator, organised an event in the heart of London where Estonian startups could introduce their ideas to already established companies in the UK and get more insight about the UK market, where to find investment and …

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The first European startup magazine, CoFounder, launched in Estonia

CoFounder, a quarterly magazine claiming to be the first in Europe dedicated solely on startups, was recently launched at the biggest startup conference in the Nordic area, Slush, in Helsinki. The magazine covers the European startup landscape, business angels and investors. Compared with blogs, which are mostly news-oriented, CoFounder provides …

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