Estonia · Payments & e-money
Modena Payments OÜ
Modena Payments OÜ is a private limited company based in Tallinn, Estonia. The Estonian Financial Supervision Authority (Finantsinspektsioon) authorises it as a payment institution under licence 4.1-1/99, covering payment initiation and account information services. Sakari Ventures OÜ holds all of its shares. Under the Modena brand it provides bank-link and card payment services to online merchants. Its sister company Modena Estonia OÜ provides the brand's consumer credit and buy-now-pay-later financing under a separate creditor licence.
Licences and registrations
Held by Modena Payments OÜ (LEI 894500MOIA1IHWUWS627). 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 Authority | Payment institutionPayment Institution | 16330975 | Estonia | Active | 2022-05-30 | — |
|
Search the register ↗ |
- 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.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Privately held
100% Sakari Ventures OÜ
Firm type
Open banking
Trades as Modena
- Standing
- The Estonian e-Business Register shows that a notice about the deletion of the firm has been published in the official gazette Ametlikud Teadaanded. Its register status still reads "Entered into the register", and it filed its 2025 annual report on 25 June 2026. The date, content and grounds of the notice could not be confirmed.
- Ownership
- Sakari Ventures OÜ (registry code 16317957) holds 100% of the firm's share capital of EUR 50,000. The register names management board members Oliver Matt and Mattias Mölder as beneficial owners in their role as senior managing officials.
- Direct parent
- Sakari Ventures OÜ ↗, Estonia 100%
- Head office
- Veerenni tn 38b, 10138 Tallinn, Estonia
- Company register
- Estonian e-Business Register 16330975
- Incorporated
- 1 Oct 2021
Online
- Websites & references
- modena.ee ↗
partner.modena.ee ↗ merchant partner portal (Modena brand) - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗
Sources · 10 pages consulted
- ariregister.rik.ee/eng/company/16330975/Modena-Payments-O%C3%9C
- fi.ee/en/payment-services/payment-services/payment-institutions/estonian-payment-institutions/m
- fi.ee/en/payment-services/payment-services/payment-institutions/estonian-payment-institutions/m
- uzraudziba.bank.lv/en/market/payment-service-providers/payment-institutions/service-providers-from-the-eea/f
- lb.lt/en/sfi-financial-market-participants/modena-payments-ou
- modena.ee/makseteenused
- modena.ee/ariklient/makseteenused
- modena.ee/ariklient/modenast
- modena.capital/about/
- ellex.legal/project/modena-payments-ou-was-granted-the-payment-institution-license/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
Finantsinspektsioon authorises the firm as a payment institution under licence 4.1-1/99, granted on 30 May 2022, for payment initiation and account information services. Latvijas Banka and the Bank of Lithuania list it as an Estonian payment institution providing services without a branch.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Estonian Financial Supervision Authority (Finantsinspektsioon) Estonia | Payment institution activity licence (payment initiation services; account information services) | 4.1-1/99 | In its own name | Active | 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.
Products and markets
Researched 29 Sep 2026 · Sources
It offers online merchants bank-link payments based on payment initiation, along with card payment acceptance. The Modena brand bundles these with financing products supplied by Modena Estonia OÜ.
It serves merchants mainly in Estonia. It has notified cross-border provision of its services to Latvia and Lithuania under its Estonian licence.
- Revenue
- EUR 82,800
- Sells to
- Small businesses · Consumers
- Serves customers in 3 countries
- Estonia · Latvia · Lithuania
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Oliver Matt Management board member; Tegevjuht (chief executive) of Modena
- Executive
- Mattias Mölder Management board member; Chief Development Officer (Modena)
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
Latvijas Banka recorded the firm as providing payment initiation and account information services in Latvia without a branch from 14 August 2023.
uzraudziba.bank.lv ↗
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
- Licence no. · EBA-PSD2
- 16330975
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- 72aef7a72768
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.
- Main licence class
- Payment Institution
- Activities
- Payment services
- Payment initiation
- Account information
- Licensed in
- Estonia · Europe & Central Asia
- First registered
- 2022-05-30
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
- Direct parent
- Sakari Ventures Oü · Estonia894500QM0BO25T3Z3N65 ↗
Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- A. H. Tammsaare tee 56, Tallinn, 11316
- Country
- Estonia
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<LEI>894500MOIA1IHWUWS627</LEI>
<Nm>Modena Payments OÜ</Nm>
<PstlAdr>
<PstCd>11316</PstCd>
<TwnNm>Tallinn</TwnNm>
<Ctry>EE</Ctry>
<AdrLine>A. H. Tammsaare tee 56</AdrLine>
</PstlAdr>
</FinInstnId>- CBPR+ does not accept the character Ü in names and addresses. Transliterate before sending.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
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 →Register for this page
- EBA PSD2 Register—European Banking Authority (EBA) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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