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NEWS - 29. January 2019 13:00

SEB will bring the first development programme targeted at Fintechs to Estonia

SEB, in cooperation with Mastercard and NFT Ventures, is about to launch the Lighthouse programme in Estonia. Designed for smart Fintechs; the programme allows one to further develop products and enhance cooperation with banks and investors.

The Lighthouse programme was launched in autumn 2018 in Vilnius, Stockholm and Helsinki. A total of 25 Baltic companies competed in the first round.

Baltic Fintechs participating in the programme included Ondato (Lithuania), which simplifies the implementation of banking services by business clients, EveryPay (Estonia), which collects internet payments, PayTipTop (Estonia), which offers hardware designed for the emotional collection of charity payments, PayYap (Latvia), which simplifies card payment loyalty, and Poklet (Lithuania), which teaches financial literacy to children.

The Lithuania-based Ondato was declared the successful winner in the first round, awarded with meetings with heads of Scandinavian banks and a presentation at the startup festival Slush, with nearly 20 000 participants.

SEB’s Innovation Manager Siim Lepisk said: “The programme is popular among companies because it helps to facilitate business growth. The Lighthouse serves to connect Baltic Fintechs with clients, partners and financing. The winner of the Tallinn round will be awarded with a number of meetings with top managers and investors of Danish and Norwegian banks in summer 2019, as well as a presentation at the Fintech event Money 2020 in Amsterdam.”

There is a chance to get more information about the Lighthouse programme today, 29 January, at 17:00 - 18:30 at the SEB Innovation Centre (Tornimäe 2). At the introductory event, Estonian Fintech Everypay will talk about their experience and cooperation with banks.

Those who do not have time to come to the Innovation Centre can see the Lighthouse Opening Event presentations on the SEB Estonia Facebook page starting at 17.30.

For additional information on the Lighthouse programme and applying until the end of January 2019, please visit


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