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LHV

lhv.ee🇪🇪 EstoniaCentral & Eastern Europe
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About

LHV has the distinction of being both Estonia's largest domestic bank and one of the most important banking infrastructure providers in European fintech. Founded in Tallinn in 1999 — making it ancient by Estonian standards in a country whose digital infrastructure is itself only a few decades old — LHV grew from an investment firm into a full retail bank, navigating Estonia's evolution from post-Soviet transition economy to digital society more successfully than many of its peers. The bank serves Estonian retail and business customers across the full range of banking products, with particular strength in investment services that reflects its origins as a brokerage. Beyond its domestic banking business, LHV has built a Pan-European operation providing banking services to fintechs — issuing accounts, IBANs, and payment infrastructure to many of the UK and European fintechs that needed banking partnerships to operate compliantly. The fintech banking business has made LHV one of the most important behind-the-scenes infrastructure providers in European fintech, even if most of the consumer-facing companies that rely on it never mention LHV publicly. In the European banking landscape, LHV represents the unusual combination of small national bank and Pan-European fintech enabler — a position that few institutions have managed to occupy.

Categories
Digital BankingFinancial InfrastructureSME Finance
Subcategories
Challenger banksBanking-as-a-ServiceBusiness accounts
Services & products
mobile bankingdigital accountsbusiness bankingBaaS platformsbanking APIs
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Quick facts
Founded
1999
Founders
Rain Lõhmus|Andres Viisemann
Employees
500-1000
Users
400k+
Business model
B2CB2B
Target customers
ConsumersFinancial institutionsSMEs
Notable clients
Geographic focus
Central & Eastern Europe
Last updated
Updated today