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A new sector created with over 1,000 Fintech firms employing 10,000 workers, serving the larger ASEAN region of over 650 million people Over 40 innovation labs set up by both local and international financial institutions, catalysing digital transformation of the incumbents More than 150 Venture Capital firms have registered in Singapore, enhancing the City’s allure as an international financial centre and the regional hub for startup fund-raising
Fintech startups with local roots include TransferWise and Monese (both have development centres in Estonia), while Skype (developed using Estonian brainpower) and Tallinn-headquartered transport platform Bolt are among the other tech-based companies whose names are loudly hailed by Estonia enthusiasts.

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