ESTO is a financial technology company that offers different payment options for B2B and B2C clients in the Baltics: from payments facilitation and BNPL solutions to consumer loans.

ESTO
Company typePrivate
IndustryConsumer finance
Founded2017
Headquarters,
Key people
Mikk Metsa (CEO), Martin Ustaal, Mikk Mihkel Nurges (Head of Product)
Number of employees
up 10 (April 2022)
Websitehttp://www.esto.eu

The company was founded in 2017 in Tallinn, Estonia and has since expanded to have offices in four other cities all over the Baltics. ESTO has developed several products including ESTO Checkout for B2B merchants; ESTO account, a consumer digital banking product, and ESTO Market, a shopping and marketing platform - for B2C clients.[1][2][3]

The company has partnerships with over 2000 merchants in the Baltics, including major retailers such as IDeal and JYSK.[4]

In 2021, ESTO opened representative offices in Lithuania and Latvia,[5] and received a 4 million euro loan from Citadele Bank to strengthen operations and expand in the Baltic market.[6] As of 2022, ESTO has facilitated over 100 million euros in credit.[7]

References change

  1. "MeetFrank". app.meetfrank.com. Retrieved 2023-05-25.
  2. "Miks usaldab üle 500 e-poe ja kaupluse Eestis just ESTO makselahendusi?". Äripäev (in Estonian). Retrieved 2023-05-25.
  3. "4 aastaga 1200 poodi ja kauplust – kuidas võitis Eesti üks suurimaid makselahenduste pakkujaid, ESTO, oma partnerite usalduse?". Ärileht (in Estonian). Retrieved 2023-05-25.
  4. Mintos. "Mintos". www.mintos.com. Retrieved 2023-05-25.
  5. "Miks usaldab üle 500 e-poe ja kaupluse Eestis just ESTO makselahendusi?". Äripäev (in Estonian). Retrieved 2023-05-25.
  6. "Labs of Latvia". labsoflatvia.com (in Latvian). Retrieved 2023-05-25.
  7. Оплаченная информация (2022-03-21). "Финансовый сектор Эстонии — история успеха пришла и в Латвию". rus.delfi.lv (in Russian). Retrieved 2023-05-25.