Business

Estonian business stories around the world

TransferWise announces £1 billion mark in cross-border payments

The Estonian-founded, London-based peer-to-peer currency transfer firm TransferWise announced that £1 billion (or €1.21 billion) have been transferred via its service. TransferWise growth has been impressive – just less than a year ago, it reached a milestone of £125 million. The development of the company was greatly accelerated after receiving …

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Estonian luxury fashion brand Uschanka attracts fans around the globe – interview with the founders

The story of Estonian luxury fashion brand Uschanka started when fashion designer Piret Puppart travelled to ancient villages of Siberian reindeer hunters. Puppart became inspired by the beautiful printed shawls and fabrics worn by women who often inherited them from their mothers and grandmothers. She put her ideas to entrepreneurs …

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NOW! Innovations and Fortumo to export mobile carrier payment solution for parking and EV charging around the world

Two Estonian companies, the mobility services company NOW! Innovations and the carrier billing provider Fortumo, announced a global partnership for charging payments for parking and electric vehicle charging. NOW! Innovations will start offering payments for mobile parking, electric vehicle charging and other services through Fortumo’s direct carrier billing solution, available …

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TransferWise wins the FT Boldness in Business award in London

The Estonian-founded, London-based peer-to-peer currency transfer firm TransferWise has won the Financial Times ArcelorMittal Boldness in Business award in “Smaller Company” category. The annual Boldness in Business Awards are conducted by the Financial Times, one of the leading business newspapers in the world, in collaboration with ArcelorMittal, the world’s largest …

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Business angels and venture capitalists – for what do they look in startups?

For businesses, capital is like oxygen – you cannot exist without it, much less grow. The more Estonian startups are referred to as international successes, the more local investors are interested in opening their wallets for up-and-coming startups in the earliest stages. This article is published in collaboration with Estonian …

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Estonian-founded start-up ZeroTurnaround raises USD6 million in funding

The Estonian-founded, Boston-based, software developer ZeroTurnaround has raised USD6 million in venture debt funding. USD3 million of it comes from the California-based Western Technology Investment, which was previously a backer of Google and Facebook. Two month ago, ZeroTurnaround raised USD3 million in equity from the Boston-based investment branch Bain Capital …

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Japanese startups to pitch their business ideas to Estonian President Ilves in Tokyo

Estonian President Toomas Hendrik Ilves, on his visit to Japan this week, will attend the FINEST startup event in Tokyo on 6 March, where aspiring Japanese startups can pitch their ideas to arguably one of the most startup-friendly presidents in the world. FINEST stands for Estonian and Finnish startup scenes …

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Estonian startup Fortumo partners with Philippines’ largest mobile operator

The Estonian mobile payments startup, Fortumo, has announced a direct carrier billing partnership with Smart Communications, the largest mobile operator in the Philippines that will allow its subscribers to pay for games conveniently through their phone. “The Philippines is a market which is very well suited for this kind of …

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Estonian fashion in London: winning the International Fashion Showcases with conceptual narratives (video)

For the third year in a row, the Estonian fashion industry is represented at the International London Fashion Week from 14 – 18 February, as part of the International Fashion Showcase – a collaborative project launched by the British Council and the British Fashion Council in 2012. For the second …

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