Estonia joins the list of countries with FinTech Unicorns as Veriff gets valued at $1.5bn in January

The FinTech sector continued to produce new unicorns at a rapid pace with 13 new companies joining the coveted club. Qonto, an all-in-one bank account for SMEs, led the way with a $5bn valuation after the company raised $552m in a Series D round. Veriff, an online identity verification company, became the first Estonian FinTech unicorn following the steps of Bolt, the taxi and mobility startup. Veriff will use the funding for R&D and hiring and their CEO and founder Kaarel Kotkas said “The biggest challenge will be to keep on scaling at the same speed without losing the great culture of delivering fast, and not being a big enough company to allow ourselves to get slow.”

The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2021 FinTech Global

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