NJORD Law Firm is sought after by clients to advise on cryptocurrency and data privacy issues. The group is also sought after for its strength in litigation. Veikko Toomere and Virgi Nael are the key contacts.

 Cobalt is consulted by clients ranging from start-ups to public sector companies and regulatory bodies on a wide range of matters in the fintech space. The group is well known for its strength in advising on licensing and regulatory issues, as well as artificial intelligence, crowdfunding and cryptocurrency matters, often with cross-border elements. Practice co-head Kristel Raidla-Talur is well-versed in handling transactional mandates, while practice co-head Monika Koolmeister routinely acts as counsel to clients in the financial regulation arena. Kaarel Eller is a name to note.

RASK Attorneys-at-Law's strength in blockchain technology and digital currencies means the team is consistently sought after by clients in the technology sector, as well as commercial banks, fund managers, and crowdfunding platforms, to handle financing transactions and licensing agreements. Timo Kullerkupp is well-known in the Estonian market for acting as fintech counsel to fund managers; he co-heads the practice with financing expert Karl Erik Esko.

Sorainen's team has a solid track record in advising international fintech companies on setting up operations in Estonia. Key areas of instruction for the group include payment services, blockchain and cryptocurrency issues. At the helm of the practice is Kätlin Krisak, who has an excellent reputation for handling complex virtual currency matters. Hetti Lump-Kivisaari focuses on financial regulatory cases, while Jane Eespõld assists domestic and international investors and financial institutions with crowdfunding, crypto-assets, and compliance and regulatory issues, to name a few.

Led by Kirsti Pent, the team at TEGOS (Formerly TGS Baltic) is well known for assisting with fintech-related regulatory issues. Priit Lätt is a name to note for crypto asset regulatory matters, and Olger Kaelep acts for regulated financial services entities in mandates. The group is equally strong in advising on licensing matters, with a solid track record in appearing for clients before the Estonian authorities concerning obtaining activity licences. Elina Varendi is a name to note for financing mandates. Maria Suurna has left the firm.

At Ellex Raidla, the team, which 'possesses extensive knowledge of Estonian and European fintech regulations', is very experienced in acting for clients in the financial services arena in mandates. Licensing matters are also prominent in the group's workload, alongside assisting fintech entities with cybersecurity and IT law issues. Marko Kairjak has 'exceptional insight into complex fintech regulation', and the 'diligent' Anneli Krunks focuses on cases involving payments services and digital assets; the duo co-head the practice.

Practitioners at Eversheds Sutherland Ots & Co are commended for their knowledge of securities law, combining this with expertise in digital currency and blockchain matters, AML-related issues and financial regulatory work to form a broad fintech practice. The group has also been kept busy advising start-ups on licensing matters. Practice co-head Dmitri Zdobnõh is well known for his experience in handling securities-related cases, and practice co-head Artjom Luik handles AML matters.

Hedman Partners‘ team garners praise for its ‘deep knowledge of the fintech space and regulatory frameworks‘. The broad practice covers matters concerning tokenising assets, venture capital funding, digital assets and licensing. Under the leadership of Toomas Seppel, the group is instructed by private investors, fintech start-ups, VC entities and cryptocurrency-based platforms; Seppel brings extensive experience in fintech regulation. Other key practitioners in the department include Vladislav Linko, who brings ‘deep knowledge and understanding of the fintech sector’. Taavi Kõiv has left the firm.

WIDEN‘s broad practice combines expertise in IT, IP and fintech law to assist clients with cryptocurrency, fintech licensing cases, tokenisation matters and crowdfunding issues. Practice co-head Rauno Kinkar is well versed in advising on Web3 projects, and practice co-head Henri Ratnik has extensive experience in regulatory matters. Dan-Erik Roosve assists with AML-related compliance cases.

Magnusson has a strong track record of acting in fintech matters, ranging from licensing agreements to assisting fintech companies with incorporation in Estonia. The team is well-versed in handling data privacy and regulatory cases in the fintech area, often in relation to licensing issues, as well as assisting with emerging technologies and digital services matters. Managing partner and practice head Jaanus Mägi has experience in advising on cross-border crypto asset recovery cases, which are also prominent in Marek Keiman's workload.