Tenity, a Swiss based investment platform, has announced 7 ambitious early-stage startups for the second edition of its Incubation Program in the Nordics region, with Tallinn as a base.
The cohort includes solutions for Fintech and Insurtech, using Web3, Blockchain and AI. Furthermore, since Tenity Nordics focus a bit extra on climate fintech, four of the startups have solutions addressing sustainability and impact issues.
The startups will receive an initial EUR 50k investment from the Tenity Incubation Fund II.
Tenity has recently opened Tallinn as its hub for running its Nordics pre-seed incubator in the Nordics & Baltics region, due to its thriving startup ecosystem, founder-friendly society, and closeness to all relevant hubs in the region. Estonia is making waves in the global startup scene, counting the highest number of unicorns per capita according to Dealroom.co & Invest in Estonia. In Tenity’s recently published Climate Fintech Report, Estonia stood out as the country with the highest rate of Climate Fintechs with at least one female co-founder, or CEO - with 6 out of the 9 Climate Fintechs included in the database.
Anders Norlin, Head of Nordics & Baltics at Tenity commented:
"The region of the Nordics & Baltics all have very thriving startup ecosystems, where Stockholm probably is the most developed in terms of VC capital invested, and number of unicorns with international recognition. However, as Estonia is a young nation, without any legacy industries, the whole society, from government level to universities, is very focused in stimulating, and supporting startups. And for any early-stage startup coming to Tallinn, as in our incubation programs, the environment for connecting with all relevant stakeholders, is unique.”
The following startups were funded:
Daysave | Finland
Daysave helps the young to start to save and investment by sending personalised deposit requests weekly. Effectively creating an automated, personalised, and engaging user journey -- like Duolingo.
Equintel | Germany
Equintel uses Big Data and AI to deliver ESG assessments. Their primary goal is to achieve transparency and objectivity in ESG and address the major shortcomings of ESG reporting and ratings.
GreekPay | United Kingdom
GeekPay is all-in-one toolbox to streamline, track and secure payments in digital currencies.
Greencent | Germany
Greencent is a new generation loyalty system in the form of an app measuring and rewarding reductions of CO2 emissions resulting from activities performed by individuals in mobility.
InCharge | Netherlands
InCharge provides a loan management platform.
Kvikk Insurance | Norway
Kvikk is a digital platform for insurance. They make all processes with insurance simpler, faster, and clearer, from purchase to claims.
Root | United Kingdom
Root is a platform to mobilise a new generation and community of activist retail investors who can combine their voices to engage with the companies in their portfolio and drive real change.
Swiss based Tenity announces funding for startups, uses Tallinn as a base
Eestlased Eestis | 07 Sep 2023 | EWR
Eestlased Eestis
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