Estonian Fairmus acquires Distrus

Estonian streaming platform Fairmus raised in a seed round of €120K this year and in the summer acquired Estonian music digital distribution platform Distrus. 

Fairmus was founded in 2020 by Tõnis Kivisild, Juko-Mart Kõlar, Kristjan Ulst, and Reigo Ahven. The company participated in Tehnopol's Startup Incubator program. Fairmus charges each listener a monthly fee that is distributed among the musicians whose music they listen to. 

Distrus was founded by Stig Rästa and Fred Krieger. 

In April 2023, Fairmus acquired 100% of the Estonian music copyright marketplace Fanvestory.



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Fintech Monese merges with UK-based company Pockit

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London-based fintech Monese , founded by Estonian entrepreneur Norris Koppel, has merged with UK-based company Pockit . The deal will see Monese's minority shareholder, Estonian Tera Ventures , take a stake in Pockit. In addition, Pockit and London-based VC Puma Growth Partners will invest £15M in the integration of the two fintech companies. Further financial terms of the deal were not disclosed. 
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