# Top 50 FinTech Angel Investors in Estonia in May 2026

## Triin Hertmann
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: FinTech, Software, E-Commerce

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

## Taavi Kotka
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Angel
- Focus: Electronics, Battery, FinTech

Taavi Kotka, currently the Estonian Government CIO, has a strong background working in private sector. He started his career as a programmer, rapidly rising to be a Managing Director of the most successful software development company in the region – Nortal, former Webmedia. He is a founder of many innovative start-up companies likezeroturnaround.com, plumbr.eu etc. He has a Master of Science in Engineering from Tallinn University of Technology. Also, Taavi Kotka has many honors: he is the European CIO of the Year 2014 (by ICT Spring), he was the president of the Estonian Association of Information Technology and Telecommunications (ITL) and he was elected as an Entrepreneur of the year in 2011 (by Ernst&Young). Taavi is a board member in many ICT initiatives in Estonia and has been the brainpower behind many Estonian e-government innovative initiatives like e-residency, data embassy, no-legacy policy etc.

## Rain Lõhmus
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Mobile Payments, SaaS, Mobile

Rain co-founded Livonia Partners. He has one of the most extensive investment and entrepreneurial track records in the Baltics across a wide range of industries. In 1991 Rain co-founded Hansabank, the largest pan-Baltic financial institution. The bank grew both organically and via acquisitions into the largest bank in the Baltics and was sold toSwedbank in 1998. In 1999 Rain created and later successfully exited a venture capital fund, New Economy Ventures, having invested in 7 technology companies, including Forticom and CV-Online. The fund returned to its investors more than 8 times the invested capital. In 1999 Rain also founded LHV Group, a pan-Baltic banking group, which held its IPO on Tallinn Stock Exchange in 2016. In 2005 he co-founded LHV Capital with Mindaugas Utkevičius and has invested into Veju Spektras, Archyvu Centras, Qvalitas Medical Centre and Baltic Ticket Holdings.

## Maximilian Tayenthal
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Information Technology

Maximilian Tayenthal is co-founder and co-CEO of N26. Together with his business partner and friend Valentin Stalf, he built one of the first and now fastest-growing mobile banks in Europe. Their vision was to create a retail bank that's flexible, transparent and speaks to today's digital lifestyles. Previously, Max worked in a varietyof consulting and financial roles at leading professional services firms, including CMS and Booz & Company. Max holds bachelor’s and master’s degrees in economics and business administration from the University of Vienna. He also has a master’s degree in economics from the Community of European Management Schools, as well as a law degree form the University of Vienna. Max is a CFA charterholder. While Max is based in Berlin, he always makes time for his passion outside of personal finance: skiing in the mountains of Austria and Switzerland.

## Taavet Hinrikus
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

Taavet Hinrikus is co-founder and CEO of TransferWise. Prior to starting TransferWise, Taavet was Skype’s director of strategy until 2008, starting as its first-ever employee. One of the World Economic Forum's Tech Pioneers, Taavet is an adviser to Prime Minister of Estonia on the digital agenda. He’s also a mentor and angel investor; hisinvestments include Tweetdeck, Mendeley, OMGPOP, Property Partner, Sunrise, Improbable and Mapillary.

## Ott Kaukver
- Type: Angel
- Location: Menlo Park, California, United States
- Relevant deals: 2
- Stages: Series A, Seed, Pre-Seed
- Focus: Software, Financial Services, SaaS

Ott Kaukver is Chief Technology Officer at Checkout.com. Attended Estonian Business School.

## Martin Sokk
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Rental, FinTech, Finance

Martin Sokk is a Co-Founder, CEO of Lightyear Company. He attended Estonian Information Technology College.

## Jüri Laur
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Financial Services

Jüri Laur Expert in international online payment systems. 12 years of experience in high-volume merchant environments with globally known brands such as Skype and Full Tilt Poker.

## Kartik Varma
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, Insurance, Marketplace

Kartik Varma

## Jevgeni Kabanov
- Type: Angel
- Location: Tartu, Tartumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: E-Commerce, Apps, FinTech

Jevgeni 'JK' Kabanov is the CPO & Head of New Verticals at Bọlt.

## Edward Lando
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Health Care

Edward Lando is the Managing Partner at Pareto Holdings.

## Markus Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: E-Commerce, FinTech, Financial Services

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

## Apostolos Apostolakis
- Type: Angel
- Location: Athens, Attiki, Greece
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Apps

Apostolos is a serial entrepreneur turned investor. He started his career at Boston Consulting Group where he spent 2 years consulting businesses. On his entrepreneurial path, he has co-founded e-shop.gr, Openfund, e-food, doctoranytime and was a key investor in Taxibeat. Since 2010 he has invested and supported a large number of startups with afocus on e-marketplaces and SaaS. He studied civil engineering at NTUA and holds an MBA from Columbia Business School.

## Marko Virkebau
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Mobile, FinTech, Software

Marko Virkebau is co-founder of MeetFrank, a secret recruitment app. Marko is also a member of the board and chief financial officer at Up Invest OU.
Marko holds a PhD in economics and fiance and a MS in business information technology at Tallinn University of Technology (Tallinna Tehnikaülikool).


## Sven Kirsimäe
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Finance, Lending

Sven Kirsimäe CTO at Rendin

## Kair Käsper
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: SaaS, Software, Recruiting

Kair Kasper is the Co-Founder and CRO at Klaus.

## Mikko Silventola
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Transportation, Apps

Mikko is an active investor, with over 50 investments globally. Besides Europe, he is also active in Southeast Asia, Middle East, and Lat Am. He is the first investor of Bolt (Estonia), an investor of Rappi (Colombia), and of Hugo (El Salvador). He has founded 3 international media companies which in total have generated over €35M in sales overjust a few years. He has helped companies with internationalization, fundraising and M&As in Asia, Europe and the Middle East.

## Marat Kichikov
- Type: Angel
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Education, Cryptocurrency

Marat is a serial entrepreneur with more than 20 years of experience in the financial industry and early stage investor.
He is the founder of several successful companies, including a consumer finance bank, few e-commerce companies and investment fund.
He serves on the board of his several portfolio companies (Bioloka, Wow Cube, F3 and RelesticaHolding), utilizing his knowledge and expertise in Blockchain industry which he joined to in 2013 as a partner in Bitfury Group.
In both as a fund and as an angel investor, Marat have invested in 30+ fin tech, e-commerce, blockchain technology, educational, healthcare and gaming companies, providing business expertise and financial & advisory support to founders.
Marat has a master's degree in finance & business management and a bachelor's degree in law.
In his free time, Marat likes surfing and skiing!

## Veljo Otsason
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Film, Manufacturing, Electrical Distribution

Veljo Otsason is Estonian entrepreneur and investor. In 2007 he co-founded mobile payments company Fortumo and served as its CTO. Since 2013 he has been active angel investor and early backer of Bolt (formerly Taxify), Monese, Veriff, Pipedrive & 30+ others. In 2018 he co-founded Superangel, early-stage seed fund and company builder.

## Marek Kiisa
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

Marek Kiisa is the co-founder and Managing Partner at NordicNinja VC, and the co-founder and partner at Superangel.io. He has made 15 private angel investments and created several companies, like Astrec Baltic, Pilvio.io and Kood/Johvi coding school. He has his Master Degree on Machine Design from KTH Stockholm and he is a Kauffman FellowClass 19.

## Ashton Kutcher
- Type: Angel
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, Apps

Ashton Kutcher is an actor, investor, entrepreneur, producer and philanthropist.Kutcher has been named one of TIME magazine’s “100 Most Influential People in the World,” as well as being honored by Vanity Fair ‘s “New Establishment List,” which identifies the top 50 of an innovative new breed of buccaneering visionaries, engineering prodigiesand entrepreneurs. Twice, Kutcher was named one of Forbes magazine’s “World’s Most Powerful Celebrities,” as well as one of Fast Company magazine’s “Most Creative People.”Kutcher has been investing in technology for over a decade, both as an angel investor and a founding partner of A-Grade Investments and Sound Ventures. His fund portfolio includes Airbnb, Uber, Flexport, Brex, Robinhood, Bird, Airtable and Affirm among others.Kutcher is also the co-founder of Thorn: Digital Defenders of Children (www.thorn.org). Thorn drives technology innovation to fight the sexual exploitation of children.Kutcher currently stars in the Netflix original series, The Ranch. He also serves as Executive Producer. Until 2015, Kutcher starred in the CBS comedy series Two and a Half Men. The show ranked as the second most-watched comedy on all of network television. Kutcher first gained recognition as Michael Kelso on the Fox series That 70’s Show, and went on to star in a variety of box office hits on the big screen – including What Happens In Vegas with Cameron Diaz, The Guardian with Kevin Costner, No Strings Attached with Natalie Portman and the cult hit Dude, Where’s My Car.Kutcher served as co-creator and producer of MTV's hit series, “Punk'd,” and The CW's reality series “Beauty and the Geek” and “True Beauty.” He has also produced films such as No Strings Attached, Killers and The Butterfly Effect. Additionally, Kutcher co-founded APlus, a digital media company devoted to spreading the message of positive journalism, a kind of storytelling that focuses on our shared humanity. In 2016, APlus was purchased by Chicken Soup for the Soul.

## Kristjan Vilosius
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

Kristjan Vilosius - Co-Founder and CEO @ Katana

## Moaffak Ahmed
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series B
- Focus: Music, Cryptocurrency, Video Conferencing

Serial entrepreneur and hands-on early stage investor with over 25 years of marketing and business development experience in Europe, North America and Asia.

## Paul Buchheit
- Type: Angel
- Location: Mountain View, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Angel
- Focus: Software, Health Care, E-Commerce

Paul Buchheit co-founded social network aggregator FriendFeed, along with three other former Google employees. He is also an investor in FriendFeed and participated in a $5 million Series A round in February 2008.He was the 23rd employee at Google, where he created Gmail and implemented many of its innovative features. He developed the originalprototype of Google AdSense, and was responsible for Google's famous "Don't be evil" motto in a meeting.

## Toivo Annus
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Software, FinTech

Active individual investor in flying drones, also looking at payments and ecommerce.

## Kimmo Rytkönen
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Finance, Marketplace

Founder & CEO @ Income | Fintech | P2P and Crowdfunding | Consumer Credit |

## Jon Oringer
- Type: Angel
- Location: Miami, Florida, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

Jon Oringer is the founder and chairman of Shutterstock.

## Oliver Ahlberg
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Information Technology, Software, SaaS

Oliver Ahlberg is the Co-Founder and Chief Operating Officer of Skeleton Technologies. He has assured excellent operational capabilities and played a critical role in the development of internal procedures which have kept the company on the forefront of energy storage development. He has had an integral role in securing VC funding and settingup the company's R&D Center in Estonia. Additionally he plays a central role in the company's IT capabilities, production systems and processes and daily administration of the company. Leading the pilot production of the company, he also offers input in product development and has led production optimization efforts. Oliver Ahlberg has previously worked in the IT and law sector in San Fransisco, USA and Tallinn, Estonia. He has co-founded digital media company Vigvam Studio and a daily deals site acquired by the market leader in 2010. Oliver Ahlberg has earned a law degree from University of Tartu.

## John Tsioris
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Travel, Internet, Blockchain

John Tsioris is the CEO at InstaShop.

## Sten Tamkivi
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, Artificial Intelligence

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

## Ragnar Sass
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, SaaS

Ragnar Sass has strongest skill is to find the best people and keep them rocking in speed of 200 km/h. He has organized 20+ Hack-a-thons Garage48 in Eastern Europe + West & East-Africa. He advise other founders and share experience where it could help.

## Akim Arhipov
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, iOS, Apps

Akim is an Estonian entrepreneur who has cofounded BAASIS ID with Sergey Shcherbak – all-in-one identity verification (KYC) platform for financial institutions and governmental agencies in Southeast Asia. Akim’s team was participated in creation of electronic ID system and eGovernment portals for Estonian government.BAASIS ID use biometric facialrecognition, passport / ID validation, bank account validation and sanctions screening in automatic way providing final approval results in 3 minutes.For businesses, BAASIS ID means the end of vast, vulnerable databases of customer data – hugely reducing the risk of regulatory issues, fraud and the reputational damage of a breach providing the data storage in the blockchain.Proud to be a facilitator of reputation economy among Southeast Asia regulatory sandboxes and governmental agencies, like Security and Exchanges Commision of Thailand and Bank Negara Malaysia. Akim and his team work together with Bahrain government in order to build electronic identity system for citizens.Previously a co-founder of successful companies in IT and transportation sectors – OnniBus.com and SuperBus.com. The first one is the most successful commercial bus operator in Finland: 20 lines, 200+ daily departures, 6+ million passengers served annually.

## Taavi Madiberk
- Type: Angel
- Location: Dresden, Sachsen, Germany
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Information Technology, Software, SaaS

Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and severalTier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Taavi Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets.

## Alvar Lumberg
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Software, FinTech, GreenTech

Alvar Lumberg - CTO, co-founder @ Grünfin

## Johannes Jõgi
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Mobile, Analytics

Johannes Jõgi

## Erik Kaju
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Mobile, Fashion, Printing

Erik Kaju

## Martin Cass
- Type: Angel
- Location: Dublin, Dublin, Ireland
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, Insurance, Marketplace

Martin Cass

## Peter Sandberg
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Angel, Pre-Seed, Secondary Market
- Focus: Internet, Artificial Intelligence, FinTech

Peter Sandberg is a co-founder of Nordic Secondary Fund, and a venture partner at Startup Wise Guys.
He has extensive experience as a Business Angel and in asset management.

## Kristjan Raude
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Consumer Electronics, Internet of Things, Software

I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network.

## Kaido Kepp
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Financial Services

Kaido Kepp

## Juancho Arregui
- Type: Angel
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: FinTech, Lending, Financial Services

Juancho Arregui is the founder and CEO of Brickfy. He studied Architecture at the Higher School of Architecture in Madrid specializing in Building. Years later, he decided to 'take off the thorn' studying Fine Arts in the faculty of the Complutense University of Madrid. He also has a Master in History of Contemporary Art and VisualCulture, specializing in art criticism, taught by the Faculty of Philosophy of the Autonomous University of Madrid. Juancho has always worked as a freelancer in his own studio, both in the field of architecture and in art.

## Kuido Lepik
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Apps, GPS, Pet

Kuido Lepik - Owner & CEO @ Signiti

## Karin Nemec
- Type: Angel
- Location: Frankfurt, Hessen, Germany
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, GreenTech, Health Care

Karin Nemec is the Founder and CEO.Karin Nemec attended IESE Business School.

## Elad Gil
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Artificial Intelligence

Elad Gil is the Co-Founder of Color Genomics. He previously worked at Twitter as a Vice President. Elad Gil attended the Massachusetts Institute of Technology.

## Evald-Hannes Kree
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Bitcoin, FinTech, Finance

Evald-Hannes Kree

## Andrew Prozes
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Seed, Angel
- Focus: Information Technology, Cyber Security, Information Services

Andrew (Andy) Prozes is a business executive with a track record of effective leadership. He has founded, grown and led small and large organizations to generate above market growth and profits.He has extensive experience in information technology and services and is recognized as an expert in the development of information-based workflowsolutions. He currently invests in and serves on the boards of directors of a variety of companies, primarily in the information technology industry, as well as nonprofits and think tanks.

## Chris Adelsbach
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

Chris Adelsbach - Founding Partner @ Outrun Ventures

## Nadav Ben-Chanoch
- Type: Angel
- Location: Miami, Florida, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Health Care

Nadav Ben-Chanoch - Partner @ Pareto Holdings

## Richard Howard
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, Software, Insurance

Richard Howard - Startup Business Development Manager (UK) @ Amazon Web Services

## Fernando Palma
- Type: Angel
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: FinTech, Lending, Financial Services

International Business Consultant | Growth Hacker | IT Expert:Being part of a winning & creative organisation that seeks to build and provide unique technological solutions attending today's market needs; by automate processes, innovation, unique products & solutions.Technological Stack:
MEAN Stack: MongoDB, Express, Angular4,NodeJS and JavaScript (JS)
Other Tools: TotalJS, React Native, Rethinkdb, DB Files, SCRUM.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co