Posts From Fintechnews Baltic

Lithuanian PayRay Expands Its Footprint to Latvia

PayRay Bank has continued its planned expansion and has started operations in Latvia. Factoring services and loans are already being offered to the businesses in that country. In the future, the range of services provided to these companies will be

Read More

SME Finance Plans to Launch Neobank in Lithuania

Lithuanian fintech startup SME Finance is planning to launch a neobank targeting small and medium-sized enterprises in mid-2021. The bank will only be operating online via a mobile app, providing financial services such as loans, transfers and deposits. Mindaugas Mikalajūnas,

Read More

Lithuanian Fintech PayRay Throws Its Doors Open as a New Commercial Bank

PayRay, a Lithuanian fintech company, has now launched its banking operations after securing a banking license from the European Central Bank (ECB). The bank will soon start accepting deposits from Lithuanian customers (private individuals), which will be accepted in Euros

Read More

A Biometric Payment for Nordic and Baltic Banks

Norway-based biometric fintech Zwipe and TietoEVRY, a provider of software and digital banking services in the Nordics, have agreed to jointly roll out biometric payment solutions based on the Zwipe Pay ONE platform. With the recent surge in demand for

Read More

Holvi Marketing VP Joins Xolo

Xolo, announced the appointment of Elina Räsänen as their new Chief Marketing Officer starting from November, 2020. The Estonian-based company provides a SaaS platform for solopreneurs aimed at making starting and running a modern microbusiness easier. She brings over a

Read More

Bank of Latvia’s Report Revealed Changes in Consumer Payment Habits Post COVID-19

The September edition of the “Payment Radar” by the Bank of Latvia revealed that the COVID-19 and related restrictive measures significantly affected payment habits in Latvia over this year. The central bank’s report found that the total volume of non-cash

Read More

Bank of Lithuania Seeking to Improve AML Framework With Fintech Partnerships

The Bank of Lithuania, together with ACAMS Baltics Chapter, Fintech Hub LT and the Association of Lithuanian Banks, organised a virtual international conference to discuss topical issues and ways for further improving the AML/CTF framework. The “Anti-Money Laundering and Counter Terrorist

Read More

Paysera Switches up to Trade in Physical Gold

Lithuanian payment processor Paysera announced that the company has started trading in physical gold, actual bars and coins rather than units of this precious metal sold on the exchanges. Buyers will be able to store their gold, purchased via the

Read More

Bank of Lithuania Reports Digital Payments Pace Accelerating Despite COVID-19

In the first half of 2020, the number of payment transactions and income of electronic money and payment institutions (EMIs/PIs) has continued to grow at a rapid pace despite the pandemic. “The trends observed in the first half of the

Read More

Klarna Becomes Highest-Valued Fintech Unicorn in Europe At $10.65 Billion Valuation

Stockholm based Fintech Klarna became the highest-valued private fintech in Europe after raising US$650 million in a funding round, at a post money valuation of $10.65 billion. The funding round was led by Silver Lake, technology investing firm with more than

Read More