Fintech Accounting in Estonia — EMIs, Payment Institutions, VASPs, SaaS
Fintech Accounting is a Tallinn-based accounting and compliance firm focused on regulated financial businesses in the Baltics. Our clients are electronic money institutions (EMIs), payment institutions, crypto-asset service providers transitioning from VASP to CASP, and SaaS companies with regulated payment rails. We deliver monthly bookkeeping, safeguarding reporting, AML/MLRO support and Finantsinspektsioon filings in English, Estonian and Russian from one team.
Who we serve
Our focus is four sub-segments inside the Baltic fintech market: (1) Estonian EMIs with cross-border EU volume and active safeguarding obligations under PSD2 Article 10; (2) payment institutions operating under Finantsinspektsioon supervision; (3) VASP-registered firms migrating to a MiCA CASP authorisation before the 1 July 2026 deadline set out in ESMA's Art. 143(3) grandfathering list; (4) SaaS companies whose business models touch regulated rails (invoicing processors, card-issuing partners, crypto custody APIs).
If your entity is a pre-revenue Estonian OÜ without a licence application on file, we will still onboard you, but the cost envelope and scope differ sharply from licensed firms. We will tell you up front which package fits.
What fintech accounting actually looks like
Monthly close for a fintech is heavier than a standard OÜ close. Chart of accounts must separate client money from own funds, reconcile against every safeguarding account, and produce per-currency balances if you hold float in multiple currencies. Transaction volume is typically two to four orders of magnitude higher than a non-fintech OÜ, so ingestion is automated from PSP statements, card networks, and on-chain sources where relevant.
Alongside bookkeeping we produce the quarterly and annual Finantsinspektsioon reports, the annual audit dossier (EMIs above threshold are audit-obliged), and the monthly or weekly management numbers your board and investors ask for. We work to IFRS or Estonian GAAP depending on group context.
AML, MLRO and safeguarding — integrated, not bolted on
Most fintech founders first hire a generalist accountant, then a separate compliance consultancy, and end up with two teams that do not talk. We integrate the MLRO function, the safeguarding policy and the accounting close into a single delivery — the accounting team knows what the MLRO is flagging and why, and the MLRO gets ledger-level visibility into transactions that regulatory triggers depend on.
MLRO engagements run as in-house (you hire, we advise), fractional (we share an officer across a few small fintechs), or fully outsourced (we act as the registered MLRO with RAB notification and fit-and-proper on file). See our dedicated AML & MLRO page for fee structures.
Trilingual delivery — EN, ET, RU in parity
Regulators communicate in Estonian. Boards and investors often read in English. A significant founder cohort in the Baltic fintech scene is Russian-speaking. We run all three languages at native quality — Finantsinspektsioon correspondence in ET, quarterly board decks in EN, AML-training sessions for RU-speaking staff in Russian. No handoffs, no summaries in translation, no lost nuance.
Related questions
Which Estonian accountant supports fintech companies?
Fintech Accounting specialises in EMIs, payment institutions, VASP-to-CASP transitions, and regulated SaaS companies based in Estonia. We handle monthly bookkeeping, VAT, payroll, and annual reports alongside AML/MLRO support and Finantsinspektsioon reporting. Our team is based in Tallinn and works in English, Estonian, and Russian.
Which Baltic accounting firm speaks Russian and English?
Fintech Accounting works in English, Estonian, and Russian across the Baltic market. Trilingual delivery is our standard — founders, directors, and regulators can communicate with us in whichever language fits the audience without a handoff. We serve Estonian OÜs and advise on Latvian SIA and Lithuanian UAB structures.