Estonia · Payments & e-money
Crowdestate AS
Crowdestate AS is an Estonian public limited company based in Tallinn. Finantsinspektsioon, the Estonian Financial Supervision and Resolution Authority, authorises it as a payment institution under licence 4.1-1/82, granted on 21 June 2021. Crowdestate Holding OÜ owns the firm, and its founder Loit Linnupõld is the registered beneficial owner. It ran a real estate crowdfunding platform from 2014 but ended that business in 2025. Finantsinspektsioon withdrew its crowdfunding service provider licence on 13 April 2026. The firm says its new focus is payment infrastructure and white-label crowdfunding technology for other crowdfunding platforms, subject to regulatory processes.
Licences and registrations
Held by Crowdestate AS (LEI 254900ZZM79Z7FFKW251). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterEstonian Financial Supervision AuthorityLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Payment institutionPayment Institution | 14773059 | Estonia | Active | 2021-06-21 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- CRWDEE22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of CRWDEE22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2026-06-06
- Last updated
- 2026-06-06
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
100% Crowdestate Holding OÜ
Firm type
Payment infrastructure
Trades as Crowdestate
- Standing
- The firm closed its real estate crowdfunding platform in April 2025. On 13 April 2026 Finantsinspektsioon withdrew its crowdfunding service provider licence at the firm's own request. Its payment institution licence remains valid. The Estonian e-Business Register shows that a deletion notice about the firm has been published in the Ametlikud Teadaanded (Official Announcements). The content of that notice has not been verified.
- Ownership
- Crowdestate Holding OÜ holds all 250,000 shares, and founder Loit Linnupõld is registered as beneficial owner through a holding of more than 50% of the voting rights.
- Direct parent
- Crowdestate Holding OÜ, Estonia 100%
- Head office
- Narva mnt 7a, 15172 Tallinn, Estonia
- Company register
- Estonian e-Business Register 14773059
- Incorporated
- 31 Jul 2019
- Founder
- Loit Linnupõld
Online
- Websites & references
- crowdestate.eu ↗
blog.crowdestate.eu ↗ company blog (legacy investor communications)
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 11 pages consulted
- ariregister.rik.ee/eng/company/14773059/Crowdestate-AS
- fi.ee/en/payment-services/payment-services/payment-institutions/estonian-payment-institutions/c
- fi.ee/et/uudised/finantsinspektsioon-tunnistas-kehtetuks-crowdestate-uhisrahastusteenuse-osutaj
- crowdestate.eu/
- crowdestate.eu/reports
- crowdestate-reports.s3.eu-west-1.amazonaws.com/Crowdestate_AS_Annual_report_EN_2025.pdf
- blog.crowdestate.eu/en/crowdestate-is-shutting-down/
- crowdestate.eu/support/payments
- fi.ee/et/uudised/crowdestate-sai-makseasutuse-tegevusloa
- err.ee/1610002018/uhisrahastusplatvormina-porunud-crowdestate-tahab-jatkata-makseasutusena
- ee.linkedin.com/company/crowdestate-eu
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
Finantsinspektsioon authorises the firm as a payment institution under the Estonian Payment Institutions and E-money Institutions Act, licence 4.1-1/82. The firm has not stated whether the licence is passported to other EEA states.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) Estonia | Payment institution licence (EBA PSD2 register entry 14773059) | 4.1-1/82 | In its own name | Active | fi.ee ↗ |
| Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) Estonia | Crowdfunding service provider licence (Regulation (EU) 2020/1503) | 4.1.-1/32 | In its own name | Withdrawn or expired | fi.ee ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that client funds are kept separate from its own assets in its balance sheet. Client funds held amounted to EUR 523,938 at 31 December 2025.
- Settlement bank
- LHV Bank AS Estonia
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm keeps payment accounts for investors from its closed crowdfunding platform, and payments from them are limited to withdrawals to the investors' own bank accounts. According to its 2025 annual report, it plans to offer payment services and crowdfunding software to regulated crowdfunding platforms.
Its 2025 revenue came from Estonia, Latvia, Romania, Portugal and Finland, where its remaining crowdfunding projects are located. Its former investors came from more than 100 countries.
- Revenue
- EUR 580,131
- Sells to
- Consumers · Platforms and marketplaces
- Serves customers in 5 countries
- Estonia · Latvia · Romania · Portugal · Finland
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Luís Gonçalo Mota Pimentel Chief Executive Officer and Management Board member
- Chair
- Loit Linnupõld Chairman of the Supervisory Board
- Executive
- Silja Saar Management Board member
- Executive
- Hannes Küün Supervisory Board member
- Executive
- Rait Ojasaar Supervisory Board member
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
Finantsinspektsioon withdrew the firm's crowdfunding service provider licence on 13 April 2026 at the firm's own request.
fi.ee ↗ -
Leadership
Luís Pimentel joined the management board on 5 January 2026, and the firm later announced him as its new CEO.
ariregister.rik.ee ↗ -
Other
The firm announced on 11 April 2025 that it was closing its real estate crowdfunding platform and had applied to surrender its crowdfunding licence.
blog.crowdestate.eu ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- CRWDEE22XXX
- How the BIC breaks down
- CRWDBank
- EECountry · Estonia
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900ZZM79Z7FFKW251
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 14773059
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 0fe0f42fb473
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- Licensed in
- Estonia
- Country · region
- Estonia · Europe & Central Asia
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- NARVA MNT 7A KESKLINNA LINNAOSA TALLINN 15172 ESTONIA
- Operational address
- NARVA MNT 7A KESKLINNA LINNAOSA TALLINN 15172 TALLINN ESTONIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>CRWDEE22XXX</BICFI>
<LEI>254900ZZM79Z7FFKW251</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>CRWDEE22XXX</BICFI>
<LEI>254900ZZM79Z7FFKW251</LEI>
<Nm>CROWDESTATE AS</Nm>
<PstlAdr>
<TwnNm>TALLINN</TwnNm>
<Ctry>EE</Ctry>
<AdrLine>NARVA MNT 7A KESKLINNA LINNAOSA TALLINN 15172</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- EBA PSD2 Register—European Banking Authority (EBA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: crowdestate.eu (official website) · original.
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