Posts From Fintechnews Baltic
Lithuania Fintech Report and Map 2022
2021 was a successful year for Lithuania’s fintech industry with record funding volumes, an expanding startup ecosystem, and strong revenue growth for companies in the sector. The momentum is set to continue this year on ward, a new report says.
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Intergiro and Incharge Partner to Release Banking App for Ukrainian Refugees
In an effort to support Ukrainians fleeing the conflict, Incharge, a company built using Intergiro’s Banking as a Service solution “Intergiro.3d”, has created a banking services app specifically for refugees. The app will offer free banking services and physical or
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Lunar Raises €70 Million in Series D-2
Lunar, Nordic-based fintech company focused on the future of money for consumers and businesses, announced a €70 million Series D-2 funding round. It brings the Series D total to €280 million. Existing investors participated in the funding round following on
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Lithuania’s BENKER Set to Launch as Europe’s First Licensed Blockchain Neobank
BENKER, developed by BEM Europe that is headquartered in Lithuania, has been officially licensed to be what has been touted as the first blockchain neobank in Europe. Receiving the approval from the Bank of Lithuania on January 13, 2022 to
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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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