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A new player in defence and cyber security
We advised New Nordic Asset Management during the process of obtaining an activity licence from the Financial Intelligence Unit and registering with the Estonian Financial Supervision and Resolution Authority. This allows them to act as a small fund manager for a limited partnership fund, focused on investing in high-potential startups in the national security, defence technology, […]
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Loan comparison platform Sortter obtained credit intermediary licence
We advised the Finnish fintech company Sortter Oy’s Estonian arm, Sortter OÜ, on obtaining a credit intermediary licence in Estonia. Establishing Estonian arm By establishing and licensing its Estonian subsidiary, Sortter extends its well-established loan comparison services to the Estonian market through its local website, sortter.ee. Sortter’s expansion into Estonia is driven by a commitment […]
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Sunly raises EUR 300 million to expand its production capacity
We advised Sunly, a renewable energy producer, on raising EUR 300 million from Scandinavian and French investors for the construction of solar, wind, storage, and hybrid parks with a total capacity of 1.3 GW. The investment will be used to build large-scale hybrid parks in the Baltics and Poland, contributing to the availability of renewable […]
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Salv Technologies improves information-sharing between financial institutions
Sorainen advised Salv Technologies, a financial crime fighting technology startup, in the process of mapping out the legal basis for cross-border information-sharing between financial institutions and presented the findings to Salv’s partners in a virtual workshop which included the representatives of the European Commission and the Council of Europe. Our financial regulatory and data protection […]
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Sorainen successful for virtual currency service providers in the licensing process
Our fintech experts advised various virtual currency service providers in the licencing process under Estonia’s reformed AML Act. Our work included both obtaining new virtual currency service provider licenses as well as the renewal of existing VASP licences. Renewal of existing licenses We were engaged by Auto Coin Payments, the operator of the marketplace AutoCoinCars […]