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Unfortunately, it isn't a new issue, I left the e-residency programme soon after the banking scandal (unrelated to why I left) but bank accounts have always bee
by atlasunshrugged 7y ago
Unfortunately, it isn't a new issue, I left the e-residency programme soon after the banking scandal (unrelated to why I left) but bank accounts have always been a major problem, especially because most of the business banking sector in Estonia is run by foreign firms with local branches rather than Estonian banks.
- pavlov 7y agoStartup idea: Create the globalized equivalent of Silicon Valley Bank in Estonia — a local bank that serves credible startups around the world, with staff that has the competence to evaluate customers’ tech chops.
- ex3ndr 7y agoLiterally any creepy bank will be better than SVB, no?
- pavlov 7y agoNo need to imitate anything about the actual SVB, just like "Uber for X" doesn't mean you'd necessarily want to follow Uber's business or engineering practices :)
- csomar 7y agoThere are already a dozen for these "fintech" companies. They offers cards and virtual IBAN (which is as good as a regular IBAN). 1. They expensive (like 30euro/months) for what the banks offer for free. 2. No credit cards / Credit lines. 3. No investment accounts (though I'd avoid banks for brokerage).