Startup Failures in Estonia

Crypto winter killed a third of Veriff's workforce in one brutal January day.

5 million users trusted Atomic Wallet; North Korea's hackers drained $100M in a silent supply chain attack.

The European yield platform that promised 17% returns and delivered total loss

Skype's co-founder bet on AI language learning and lost to Duolingo's owls.

Estonia's startup equity trading platform lost its retail investor model to MiFID II compliance costs and liquidity collapse

Walmart's robot partner learned the hard way about single-customer dependency.

A SaaS platform providing instant dynamic shipping quotes and logistics digitalization for transportation companies through API integration with freight forwarders.

Instant dynamic shipping quotes powered by advanced algorithms to disrupt freight forwarding.

Estonia's homegrown neobank got steamrolled by the very fintech giants its country helped create.

Identity verification unicorn over-hired and over-expanded in a market that cooled

Estonian car-subscription startup backed by Sequoia that raised $100M to offer cars to credit-excluded consumers in South Africa and Mexico before rising interest rates destroyed the debt-funded model.

The AI startup that tried to sell automation to the world's most automated country

Estonia's neobank that invited the world's best fintechs to its home — and then competed with them

TransferWise early Estonia banking license struggles nearly killed the company