Estonia’s fintech unicorn TransferWise is changing its name to Wise and aiming at building an entirely new cross-border payments network that they hope will one day power money without borders for everyone, everywhere.

TransferWise, a FinTech founded in Estonia to build the best way to move money around the world, announced a major expansion within the next six months, including 165 jobs to be created in Tallinn. The news comes following a period of exponential growth for the business, with revenue growing 70% in the last financial year to £302.6 million.

A sharp rise in the value of TransferWise over the past year shows that Estonian innovative mindset and tech businesses have a role to play in future economy. Estonia, the land of tech unicorns, has the most tech unicorns per capita, and more than 1,000 innovative startups ready to follow the example of TransferWise.

BlackRock and other large investment funds have acquired a $292 million (€262 million) stake in TransferWise, the Estonian-founded money transfer service, making it Europe’s most valuable FinTech startup.

From digital banking to blockchain solutions, Estonia’s FinTech ecosystem is soaring to new heights, captivating the attention of investors and industry experts worldwide. The Fintech Times has listed 9 rocketing FinTechs from Estonia to keep an eye on as they are poised to reshape and transform the whole industry.

Estonia is a world leader in unicorns per capita. Here is a full list of 10 magnified unicorns born in Estonia or founded by Estonians.

The Republic of Estonia beat its own record for the time taken to set up a business virtually, demonstrating the ease by which entrepreneurs can benefit from the country’s pioneering e-Residency programme. The new world record is 15 minutes and 33 seconds.

10 unicorns founded by Estonians and / or in Estonia have taken the country to Europe’s (and probably the world’s – depending on the way of counting) top in the number of unicorns per capita. We explore how each unicorn that was born here or has Estonians among its founders, reached the billion-dollar valuation – and how Estonia’s e-society, agile business environment and supporting startup community influenced them on the way.

Businesses and investors looking to get away from red tape and confusing tax systems are turning to Estonia.

Salv is an Estonian software company building tools that fight financial crime. Their latest anti-money laundering (AML) tool, AML Bridge, is being piloted by the four biggest banks in Estonia: LHV, Luminor, SEB Estonia and Swedbank Estonia.

Estonia’s third unicorn, Wise went public on the London Stock Exchange today and was valued at 7,95 billion pounds (11 billion USD) making it the largest ever tech listing in London by market capitalisation.

What is the secret power of Estonia in producing most billion-dollar worth unicorns per capita in Europe? Digital society. Estonia has seven unicorns and counting. If last year’s trend continues, there will be a unicorn for every Estonian already by 2043.