Posts From Fintechnews Baltic
In Lithuania, Changes to Legislation are Expected to Attract Fintech Talent
Earlier this year, the Lithuanian parliament approved amendments to the Labour Code, a development which the government hopes will help attract more highly qualified technology specialists from abroad but also entice highly skilled Lithuanian citizens who have left the country
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UBS Chooses Regula’s Identity Verification Solutions to Automate Onboarding
UBS has partnered with Latvian identity verification company Regula to create a fully automated and 24/7 account opening process for new customers. Instead of real-time video interviews, which were previously required by UBS to verify new customers, the enrollment process now
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Estonia’s Kriptomat Partners Volt for A2A Payments for Crypto Trading
Estonian crypto platform Kriptomat has partnered with UK payment gateway provider Volt to enable customers to make real-time account-to-account payments to buy, sell and exchange cryptocurrencies. Prior to integrating with Volt, Kriptomat customers used bank transfers, credit cards and e-wallets
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Estonia’s Mifundo Raises €1.2 Million in Pre-seed Funding Round
Estonian cross border lending platform Mifundo has raised €1.2 million in pre-seed funding led by Opus11 VC, with angel investors LHV Bank’s Jüri Laur and Iizi Kindlustusmaakler’s Kaido Kepp. Mifundo aims to build a platform to enable people to apply
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Estonian Freelancers, SMEs Can Now Invest in the Global Stock Market via Lightyear
London-based investing app Lightyear has launched business accounts in Estonia to enable freelancers and small business owners to invest in the global stock market. Estonian businesses will be able to invest in stocks and ETFs from the US and Europe
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Paysera Clients Can Now Send Money to 149 Countries With Airwallex
Lithuanian payment processor Paysera has partnered with payments infrastructure platform Airwallex to enable its clients to send money to 149 countries and open IBAN accounts of 9 countries. Paysera is a licensed e-money institution providing payment gateways, currency conversion, payment
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Wise Secures License to Operate Investment Services in Estonia
The Estonian Financial Supervisory Authority or Finantsinspektsioon has granted TINV Europe, a part of the Wise group which provides online money transfer service, a license to provide investment and ancillary services in the country. Wise is now allowed to accept
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Cross-Border Payments Platform ArcaPay Enters the Latvian Market
UK-based cross-border payments platform ArcaPay has entered the Latvian market to provide SMEs with trading partners outside the eurozone an alternative to commercial banks. ArcaPay specialises in cross-border payment, foreign exchange and currency risk management solutions. Its services are built
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Striga Secures VASP License Under Estonia’s Enhanced Regulations
Striga, formerly known as Lastbit, is the first company to be awarded a virtual asset service provider (VASP) license in Estonia under the amended Money Laundering and Terrorist Financing Prevention Act. Founded in 2018, Striga is building a crypto-native banking
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Latvian Central Bank: Non-Cash Payments Account for 71% of Transactions
The central bank of Latvia’s semi-annual “Payment Radar” report found that the ratio of non-cash and cash payments in the country stood at 71% to 29% as at August 2022. The ratio of cash and non-cash payments in the previous
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