--- title: "Crowdestate AS SWIFT/BIC code CRWDEE22XXX · Estonia | Elucidate" description: "Licensed in Estonia: Payment institution (Estonian Financial Supervision Authority). SWIFT/BIC code CRWDEE22XXX for Crowdestate AS, Estonia. Head-office BIC." url: https://elucidate.co/directory/crowdestate-as-crwdee22 --- 1. [Directory](https://elucidate.co/directory) 2. [Estonia](https://elucidate.co/directory/country/ee) 3. Crowdestate AS ![Crowdestate logo](https://elucidate.co/images/banks/e9/e91f748e1070c66c.webp) 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. Register status Licensed in Estonia Payment institution · Estonian Financial Supervision Authority Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/crowdestate-as-crwdee22#licences) BIC **CRWDEE22XXX** LEI **[254900ZZM79Z7FFKW251](https://search.gleif.org/#/record/254900ZZM79Z7FFKW251)** [Licence no. **14773059**](https://elucidate.co/directory/crowdestate-as-crwdee22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/crowdestate-as-crwdee22#claim) ## 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 Register](https://elucidate.co/directory/register/eba-psd2) Estonian Financial Supervision Authority Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Payment institutionPayment Institution | 14773059 | [Estonia](https://elucidate.co/directory/country/ee) | Active | 2021-06-21 | — | - Payment services | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | - 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 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](https://elucidate.co/directory/crowdestate-as-crwdee22#overview-sources) Customers Not published Employees 3 FTE · This entity · 31 Dec 2025 · [annual report ↗](https://crowdestate-reports.s3.eu-west-1.amazonaws.com/Crowdestate_AS_Annual_report_EN_2025.pdf) 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 ↗](https://crowdestate.eu/) [blog.crowdestate.eu ↗](https://blog.crowdestate.eu/) company blog (legacy investor communications) [Wikipedia ↗](https://et.wikipedia.org/wiki/Crowdestate) group article - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/crowdestate-eu) · [X ↗](https://twitter.com/Crowdestate_eu) · [Facebook ↗](https://www.facebook.com/crowdestate) · [Instagram ↗](https://www.instagram.com/crowdestate.eu/) Sources · 11 pages consulted 1. [ariregister.rik.ee/eng/company/14773059/Crowdestate-AS](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) 2. [fi.ee/en/payment-services/payment-services/payment-institutions/estonian-payment-institutions/c](https://www.fi.ee/en/payment-services/payment-services/payment-institutions/estonian-payment-institutions/crowdestate) 3. [fi.ee/et/uudised/finantsinspektsioon-tunnistas-kehtetuks-crowdestate-uhisrahastusteenuse-osutaj](https://www.fi.ee/et/uudised/finantsinspektsioon-tunnistas-kehtetuks-crowdestate-uhisrahastusteenuse-osutaja-tegevusloa) 4. [crowdestate.eu/](https://crowdestate.eu/) 5. [crowdestate.eu/reports](https://crowdestate.eu/reports) 6. [crowdestate-reports.s3.eu-west-1.amazonaws.com/Crowdestate\_AS\_Annual\_report\_EN\_2025.pdf](https://crowdestate-reports.s3.eu-west-1.amazonaws.com/Crowdestate_AS_Annual_report_EN_2025.pdf) 7. [blog.crowdestate.eu/en/crowdestate-is-shutting-down/](https://blog.crowdestate.eu/en/crowdestate-is-shutting-down/) 8. [crowdestate.eu/support/payments](https://crowdestate.eu/support/payments) 9. [fi.ee/et/uudised/crowdestate-sai-makseasutuse-tegevusloa](https://www.fi.ee/et/uudised/crowdestate-sai-makseasutuse-tegevusloa) 10. [err.ee/1610002018/uhisrahastusplatvormina-porunud-crowdestate-tahab-jatkata-makseasutusena](https://www.err.ee/1610002018/uhisrahastusplatvormina-porunud-crowdestate-tahab-jatkata-makseasutusena) 11. [ee.linkedin.com/company/crowdestate-eu](https://ee.linkedin.com/company/crowdestate-eu) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/crowdestate-as-crwdee22#overview-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 ↗](https://www.fi.ee/en/payment-services/payment-services/payment-institutions/estonian-payment-institutions/crowdestate) | | 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 ↗](https://www.fi.ee/et/uudised/finantsinspektsioon-tunnistas-kehtetuks-crowdestate-uhisrahastusteenuse-osutaja-tegevusloa) | 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](https://elucidate.co/directory/crowdestate-as-crwdee22#overview-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. [crowdestate-reports.s3.eu-west-1.amazonaws.com ↗](https://crowdestate-reports.s3.eu-west-1.amazonaws.com/Crowdestate_AS_Annual_report_EN_2025.pdf) - **Settlement bank:** LHV Bank AS Estonia [crowdestate.eu ↗](https://crowdestate.eu/support/payments) 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](https://elucidate.co/directory/crowdestate-as-crwdee22#overview-sources) - Payouts and mass payments 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 580,131This entity · 31 Dec 2025 · [annual report ↗](https://crowdestate-reports.s3.eu-west-1.amazonaws.com/Crowdestate_AS_Annual_report_EN_2025.pdf) - **Sells to:** Consumers · Platforms and marketplaces - **Serves customers in 5 countries:** Estonia · Latvia · Romania · Portugal · Finland ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/crowdestate-as-crwdee22#overview-sources) - **Chief executive:** Luís Gonçalo Mota Pimentel Chief Executive Officer and Management Board member Confirmed 29 Sep 2026 · [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) - **Chair:** Loit Linnupõld Chairman of the Supervisory Board Confirmed 29 Sep 2026 · [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) - **Executive:** Silja Saar Management Board member Confirmed 29 Sep 2026 · [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) - **Executive:** Hannes Küün Supervisory Board member Confirmed 29 Sep 2026 · [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) - **Executive:** Rait Ojasaar Supervisory Board member Confirmed 29 Sep 2026 · [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/crowdestate-as-crwdee22#overview-sources) 1. Apr 2026 Leadership Silja Saar joined the management board on 21 April 2026. [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) 2. Apr 2026 Licence Finantsinspektsioon withdrew the firm's crowdfunding service provider licence on 13 April 2026 at the firm's own request. [fi.ee ↗](https://www.fi.ee/et/uudised/finantsinspektsioon-tunnistas-kehtetuks-crowdestate-uhisrahastusteenuse-osutaja-tegevusloa) 3. Jan 2026 Leadership Luís Pimentel joined the management board on 5 January 2026, and the firm later announced him as its new CEO. [ariregister.rik.ee ↗](https://ariregister.rik.ee/eng/company/14773059/Crowdestate-AS) 4. Apr 2025 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 ↗](https://blog.crowdestate.eu/en/crowdestate-is-shutting-down/) 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:** 1. CRWD Bank 2. EE Country · Estonia 3. 22 Location · reverse billing 4. XXX Branch · head office - **Branch description:** Not recorded in the directory - **LEI:** 254900ZZM79Z7FFKW251 - **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/254900ZZM79Z7FFKW251) - **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-money - **Regulation:** Prudential licence - **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/crowdestate-as-crwdee22#licences) - **Activities:** - Payment services - **Licensed in:** [Estonia](https://elucidate.co/directory/country/ee) - **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 ```xml CRWDEE22XXX 254900ZZM79Z7FFKW251 ``` ### 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 ```xml CRWDEE22XXX 254900ZZM79Z7FFKW251 CROWDESTATE AS TALLINN EE NARVA MNT 7A KESKLINNA LINNAOSA TALLINN 15172 ``` 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. ## Related institutions ### Other payments & e-money institutions in Estonia - [Meieni OÜ No BIC Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 12013427 (EBA-PSD2) · LEI 984500E2FFC40C38A712](https://elucidate.co/directory/meieni-ou-683ce2f867e4) - [Adson AS No BIC Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 14892025 (EBA-PSD2) · LEI 98450091766FACAC4451](https://elucidate.co/directory/adson-as-1b0a8e8dffc6) - [AS Creditinfo Eesti No BIC Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 10256137 (EBA-PSD2) · LEI 9845008BFA7E7BB96Q81](https://elucidate.co/directory/as-creditinfo-eesti-ac19726c5917) - [Coop Finants AS No BIC Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 12087992 (EBA-PSD2) · LEI 391200XSEIZIU8SNCW94](https://elucidate.co/directory/coop-finants-as-05fe86f0e435) - [Crumblo OÜ No BIC Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 14534649 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/crumblo-ou-0c86ef4add09) - [Inhouse Pay AS BIC IHPYEE22 Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 14605379 (EBA-PSD2) · LEI 648825NKW56QTH575E23](https://elucidate.co/directory/inhouse-pay-as-ihpyee22) - [Ipf Digital AS BIC IPFDEE22 Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 11034137 (EBA-PSD2) · LEI 984500650D127F436942](https://elucidate.co/directory/ipf-digital-as-ipfdee22) - [Maaelu Edendamise Hoiu-Laenuuhistu BIC MAEHEE21 Payments & e-money Prudential licence Estonia · Licensed by Estonian Financial Supervision Authority · 10575428 (EBA-PSD2) · LEI 64880I7I463DRZT83Y16](https://elucidate.co/directory/maaelu-edendamise-hoiu-laenuuhistu-maehee21) [See all →](https://elucidate.co/directory/search?type=payments&cc=EE) Claim this profile ## Work at Crowdestate AS? Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page. 1. 01 **Submit** Tell us who you are, using your work email. 2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days. 3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time. 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 →](https://elucidate.co/directory/methodology) Credits for this page - **EBA PSD2 Register**—European Banking Authority (EBA) · [register ↗](https://euclid.eba.europa.eu/register/pir/search) 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](https://crowdestate.eu/) (official website) · [original](https://framerusercontent.com/images/h8h0O4avUAAWE8jJZa4DvbGpQY.png). ## Assess the financial crime risk behind a BIC A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.