Posts From Fintechnews Baltic

Stripe Launches in the Baltic

Stripe officially launches its services in Estonia, Latvia and  Lithuania helping internet businesses in these countries to start, grow, and scale their business globally and accept money from anywhere in the world.  They also started their services in five other

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Lithuania Issues 2 Electronic Money Institution Licence

The Board of the Bank of Lithuania issued two electronic money institution licences to SumUp and Goopal Pay, UAB. The licensed companies will be able to offer electronic money issuance (redemption) and certain payment services. Having secured the licence, SumUp

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Vilnius Factoring Company to Issue €10 million in New Microloans with EU Support

Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking business funding opportunities

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Real Estate Crowdfunding Startup From Lithuania Raises Over €5m

One year in the market, and the real estate investment start-up Profitus is already counting its achievements and envisaging future challenges. The crowdfunding platform Profitus just raised over €5,315,000 and funded 28 real estate projects. The founder and head of

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Estonia Seeking to Make e-Residency More Efficient for Entrepreneurs

The Estonian government approved the e-Residency 2.0 action plan at a Cabinet meeting last Thursday, with the objective of making the e-Residency program more secure, more beneficial for Estonian entrepreneurs, and more convenient for the e-residency community. Prime Minister Jüri

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Nets Sells its Account-to-Account Payment Business to Mastercard for 2.85b Euro

Nets, a European PayTech company and Mastercard  announced that Mastercard has entered into agreement to acquire Nets’ account-to-account based services including clearing and instant payment services, and e-billing solutions for €2.85 billion. The transaction is fully aligned with Nets’ European

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The World’s First Digital Collector Coin is Under Way in Lithuania

The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020. “We are moving from an idea to its

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Following On The Steps Of Neighbor Estonia, Lithuania Introduces E-Residency Program

Lithuania is following on the steps of its Baltic neighbor Estonia and introduced an e-residency program for foreigners. According to a report by LRT, the Lithuanian government has passed a legal amendment allowing foreign nationals to obtain the status of

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Fintech Infographic of the Week: Denmark’s Fintech Startup Scene

In recent years, the Danish fintech sector has experienced significant growth, facilitated by a highly educated and digitally literate population, the support of specific government policies aimed at promoting financial innovation, and the development of Copenhagen as an international fintech

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The Collaboration of 6 Nordic Banks Results in a Joint KYC Company

Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop a platform for handling KYC (Know

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