Posts From Fintechnews Baltic

10 Reasons to Work and Start a Business in Vilnius

As businesses become more global, companies planning to relocate or expand are looking for cities that are attractive both for economic reasons and for the wellbeing of their employees. Finding locations matching these criteria may not be easy, but Vilnius

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Zurich Insurance Group to Acquire Estonia’s AI Firm AlphaChat

Zurich Insurance Group has agreed to acquire Estonia-based conversational AI company AlphaChat. AlphaChat’s customer service automation technology will help to enhance Zurich Insurance Group’s conversational AI capabilities, and support the development of Intelligent Virtual Assistants for both internal and external

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Revolut Granted Lithuanian Banking License by the European Central Bank

Revolut has received a banking license issued by the European Central Bank, following a proposal by the Lithuanian central bank. The company will now provide payment services in addition to its current activities of accepting deposits and granting loans in

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Estonian Investment Marketplace Raison Valued at US$11.5 Million After Seed Funding

Estonia-based late venture investment marketplace Raison has secured US$900,000 in a seed funding round. The round values the company at US$11.5 million, and was led by family office Server Partners, according to a statement by the company. The company will

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E-Payment Transactions in Lithuania Grew to EUR157.6 Billion in Q3

The value of payment transactions by electronic money and payment institutions in Lithuania grew 6.3x year on year, and their income from licensed activities grew 4.8x, in Q3 this year. According to the Bank of Lithuania, the value of payment

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Spend Management Startup Pleo Extends Series C With Additional US$200 Million

Denmark-based B2B spend management service Pleo has raised US$200 million in a Series C extension round. It now brings the company’s total Series C round to US$350 million. The round was raised at a valuation of US$4.7 billion, according to

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The Biggest Fintech Funding Rounds of 2021 in the Nordics

The fintech industry in the Nordic region, which comprises Denmark, Finland, Iceland, Norway and Sweden, saw strong funding growth in 2021 with record deal amounts. Out of the ten biggest funding rounds announced this year, Sweden leads the chart with

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Finnish Card Issuer Enfuce Picks Up EUR 45 Million to Drive Global Growth

European Card-as-a-Service (CaaS) platform Enfuce has raised EUR45 million in a Series C round. The round was led by growth investor Vitruvian Partners, with participation from Tencent, a statement from the company said. The funding will be used to drive

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E-Money Institutions Leads Lithuania’s Booming Fintech Sector

Fintech companies in Lithuania are among the best and fastest adapters to the Covid-19 pandemic. Fintech Hub LT statistics show that Electronic Money Institutions (EMIs) have made the most progress. The latter have demonstrated excellent turnover and profitability figures, which

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Multi-Cloud Security Firm vArmour Sets up Development Center in Lithuania

vArmour, a provider of application relationship management software, has just announced the establishment of their latest development center in Vilnius, Lithuania. The development center in Lithuania will be at the forefront of vArmour’s core development efforts and become one of

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