Posts From Fintechnews Baltic

Fintech Funding in Lithuania Nosedives 97% YoY

In 2023, Lithuania fintech startups secured a mere EUR 7.2 million in venture capital (VC) funding, a figure which represents a staggering 97% year-on-year (YoY) decline from EUR 222.6 million, new data released by Dealroom show. The sum makes fintech

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6 Lithuanian Fintech Startups to Watch in 2024

Over the past years, Lithuania has emerged as a significant player in the European fintech sector, an industry that has grown on the back of a burgeoning startup ecosystem, a favorable regulatory environment and robust infrastructure. As of the end

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Core Banking Provider Tuum Grabs 25M EUR Series B Led by Commerzventures

Tuum, a Tallinn and London based core banking provider, announced that it has raised EUR25m, in a series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors. Tuum has expanded rapidly since signing its first client

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TransferGo Strengthens Leadership Team for Global Expansion

TransferGo, a global fintech creating a fairer world for millions of hard-working migrants, announced the addition of three professionals to its executive team to spearhead global expansion and consolidate its presence in existing markets. With their extensive experience and expertise,

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Top 14 Fintech Events in the Baltics and the Nordics to Attend in H1 2024

Over the years, the Nordic and Baltic regions have emerged as vibrant hubs for fintech innovation, fueled and facilitated by advanced digital infrastructure and digitally literate populations, government support, and strong collaboration between traditional financial institutions, startups and technology companies.

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First Fintech Board Members Academy to Be Launched in Latvia

Latvia is set to host the first “Fintech Board Members Academy” at the end of this month. This crafted, two-day, in-person event is tailored for industry leaders, offering a comprehensive program that explores critical topics shaping the future of the

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What Was 2023 Like for Lithuanian Fintech Companies and What to Expect in 2024?

With the world becoming increasingly digital each year, the role of fintech companies providing nextgen financial services has been growing. Hardly anyone remembers the days when, for example, you had to go to a bank branch to solve your banking

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Fintechs Will Get Access to Latvia’s Central Bank Retail Payment System

The Council of Latvijas Banka has approved an initiative that will enable non-bank payment service providers – payment and e-money institutions – and in the future also crypto-asset service providers to open an account with Latvijas Banka for the segregation

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Lithuania New 2023-2028 Fintech Strategy Puts Emphasis on Quality

Lithuania’s new 2023-2028 fintech strategy is putting a focus on attracting fintech leaders and supporting the qualitative development of the Lithuanian fintech sector in a bid to become a leading European fintech hub and center of excellence. Released on October

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Lithuanian Regtech AMLyze Partners With Shufti Pro to Enhance AML Screening Service

Shufti Pro, an identity verification service provider announced its strategic partnership with Lithuanian based AMLYZE, a RegTech company specialising in anti-financial crime solutions for FinTechs, neo-banks, and crypto businesses. This collaboration brings together the best of both companies’ expertise to

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