Tuum has once again secured a spot in Estonia’s TopTech ranking, landing at #17 among the country’s most valuable tech companies. This consistent recognition reflects both the strength of our innovation journey and the growing impact of Estonian tech on the global stage.
Estonia’s Tech Valuation Soars
This year’s TopTech list is led by Wise (€12.5 billion), followed by Bolt (€8.9 billion) and Pipedrive (€2.2 billion), showcasing Estonia’s dominance in fintech and other sectors of innovation. (https://top101.ee/tech )
The combined valuation of the top 30 companies has surged to approximately €27.7 billion, up 35.2% from two years ago. Notably, FinTech (+97%), DefenceTech (+106%), and B2B SaaS (+48%) are the sectors experiencing the strongest year-over-year growth. The ranking was compiled by Prudentia Tallinn, an M&A advisor, and Siena Secondary Fund, which focuses on secondary market investments in technology companies.
Fintech’s rise is particularly striking: it remains the engine of Estonia’s tech economy, accounting for some of the country’s most valuable and fastest-growing firms. From global leaders like Wise to scaling infrastructure players like Tuum, fintech continues to attract investment, talent, and international recognition. Its dominance in the ranking underscores how Estonia has moved beyond being a hub for digital-first banks to becoming a global launchpad for financial innovation.
Voices from the Ecosystem
Indrek Uudeküll, Partner at Prudentia Tallinn, shares:
“In the past five years, TOPtech.ee has been dominated by fintech companies—but Tuum stood out last year, achieving the highest revenue growth thanks to its trusted technology and global reach.“
Rando Rannus, Partner at Siena Secondary Fund, underscores the deeper significance of this ranking:
“Estonia adopted internet banking already in the past century, years before it became common in other developed countries. Tuum’s core team has been in the forefront of building those solutions for years. It is good to see that they have done a spinoff from a traditional software house and built a core banking platform as a service that could be used by financial institutions across the globe. In that sense Tuum is a role model for other corporate teams to consider moving from selling purely hours to selling scalable products globally.”
What It Means for Tuum
Tuum continues to build momentum as an enabler of digital-first financial services.
Ranking #17 reflects our continued commitment to delivering modern core banking software that empowers banks, fintechs, and enterprises to accelerate product innovation and scale globally.
Rivo Uibo, our Chief Business Officer & Co-founder, brings it home:
“It has taken a massive team effort to get to this point, as the entry barriers to the banking infrastructure market are incredibly high — from the need for deep domain expertise and significant capital, to the long development timelines and the substantial trust leap required to convince a regulated entity to adopt you as their core platform.”
Explore the full TopTech ranking and methodology here.