Founded in Estonia in 2021, Depowise in April 2024. The fintech--which offers a platform with AI-powered solutions that automate functions like oversight, transaction monitoring, compliance and record-keeping--is expanding its team in the grand duchy with the arrival of Amit Halbhavi as customer success leader. He’ll be responsible for customer onboarding, smooth rollouts and working with financial institutions, said a press release.

“Amit knows exactly what it takes to help financial institutions evolve and will play a huge role in Depowise’s next growth phase,” commented Moos.

Prior to joining Depowise, Halbhavi worked at KPMG and Deloitte in Luxembourg, I3 Consulting and Cedar Management Consulting International in the United Arab Emirates, and EY in Bangalore. He has a master’s degree in global business from SP Jain School of Global Management.

“I absolutely love the vibe of this city. Luxembourg has given Depowise a warm welcome, the Lhoft [Luxembourg House of Financial Technology] has opened its doors to us and the community has embraced us with growing trust in every collaboration,” Halbhavi said. And when it comes to Depowise’s technology itself, he added, “Every new customer doesn’t just get a best-in-class AI-driven solution. They contribute governance insights and best practices that make the platform stronger for everyone.”

Besides Tallinn and Luxembourg City, Depowise also has offices in London and Frankfurt. Representatives of the fintech visited Hong Kong in March, said the company, adding, “Asia is next.” “The demand is massive, and the timing is perfect,” said co-founder and co-CEO Artur Reiter. “New regulations are shaking up the industry. Compliance is getting tougher…Tech adoption isn’t optional--it’s essential. The big players know it, and we’re here to deliver.”