Posts From Company Announcement
LPB Bank Transitions to Magnetiq Bank, Shifting Focus to Fintech and e-Commerce Industries
AS LPB Bank officially changed its legal name to AS Magnetiq Bank, while also introducing a new brand visual identity. The renaming and rebranding of the bank are based on an acquisition deal concluded at the end of 2023, in
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A Team From Latvia Wins the International Fintech Hackathon Open Finhack
The international financial technology hackathon “Open FinHack” ended with the victory of the Latvian team “Frankey.” The competition was fierce—231 participants from 38 countries applied for the hackathon. As part of the hackathon “Open FinHack”, participants searched for both B2B
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Noda Partners to Lead Open Banking in the Baltic Gaming Sector
Noda, a leader in instant transaction facilitation, proudly announces its market expansion alongside Wargaming into the Baltic region, including Lithuania, Latvia, and Estonia. Starting in January 2024, this strategic partnership will bring innovative Open Banking payment solutions to online gamers
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AlternativePayments Now Offers iDenfy for Merchant Identity Verification
AlternativePayments, a leading FinTech company and local payment solution provider based in Vilnius, Lithuania, and iDenfy, also based in Lithuania, announced the availability of iDenfy’s identity verification solution. Mindaugas Rizgelis, CEO of AlternativePayments, stated that this will ensure a smooth
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Lithuanian Crowdfunding Startup Merges With Europe’s Largest Real Estate Aggregator
Lithuanian start-up InRento has merged with EvoEstate, the largest real estate aggregator in Europe, and has become the largest licensed buy to let crowdfunding platform in Europe further operating under the name of InRento. According to Gustas Germanavičius, founder and
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Lithuania Introduces Unique Business Expansion B2B Matchmaking Tool
Lithuania introduced a new business partnership and business networking platform “B2Lithuania” to boost export and facilitate international partnerships with foreign companies. The platform, which is free of charge, displays over 2,600 profiles of Lithuanian export companies operating in high-tech engineering, ICT, life
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Intergiro.3d: Banking as a Service Platform Launches in Finland
Intergiro will offer its embedded finance services to clients in the Finnish market Intergiro’s API-suite of offerings includes white label banking services, card issuing, payment processing, and more Client base already includes neobanks, payments institutions and crypto exchanges Sweden-based fintech
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Estonian Verification Startup Closes $100M Series C Funding Round
Veriff announced that they have raised $100M in Series C financing, co-led by Tiger Global and Alkeon, joined by existing investors IVP and Accel. This round brings Veriff’s total funding to $200M and its valuation to $1.5B, as it aims
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Bolt Secures €628M Record-Funding- Valuation €7.4B
Bolt announced the closing of their latest €628M round of funding — the largest to date. The investment round was led by Sequoia and Fidelity Management and increased Bolt’s valuation to €7.4B. Rebuilding cities for people, not cars For the
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Bank of Lithuania Continues Digital Euro Experiments
The Bank of Lithuania invites payment market participants and technology companies to participate in an experiment and together develop a payment solution that enables instant settlements in digital euro at points of sale. “The Bank of Lithuania is constantly assessing
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