US fintech giant Robinhood is set to expand into Lithuania after the country’s central bank granted a brokerage licence to its European division.
“The Bank of Lithuania has issued an A-category brokerage license to Robinhood Europe, a wealth tech company,”
the central bank announced.
Robinhood Europe is part of Robinhood, the US-based fintech brokerage group founded in 2013. With this approval, it becomes the 14th company to receive a brokerage licence in Lithuania.
According to the central bank, wealth tech firms licensed in the country now serve “more than 6 million clients across the European Union.”
A few weeks prior to the announcement, Simonas Krėpšta, a board member at the Bank of Lithuania, hinted that
“the arrival of a fintech giant in Lithuania would soon be announced.”
Krėpšta added that Lithuania’s fintech sector is “experiencing a golden age,” with local companies providing services to “about 30 million clients across Europe.”
He also highlighted that “a number of globally recognised players are operating in the country” and that the industry “continues to grow.”
At the start of 2025, around 270 fintech companies were active in Lithuania, including 120 payment institutions licensed and supervised by the Bank of Lithuania. Of these, 43% are foreign-owned.
According to industry association Fintech Hub LT, the sector employs approximately 7,400 people in Lithuania, offering an average gross monthly salary of €3,900.
Featured image credit: edited from freepik
