Posts From Fintechnews Baltic
Baltic Banks Embrace Open Banking
In the Baltic region, banks are embracing open banking with most of the major ones giving third-party providers regulated access to account information through developer portals. Data from Latvian open banking startup Nordigen and Openbankingtracker.com suggest that at least 11
Read More
UK Open Banking Fintech Yapily Plans to Set up Hub in Lithuania
Yapily, a London-based fintech startup, has announced plans to set up in Vilnius, Lithuania which is the company’s third European office. Yapily joins a growing number of UK fintechs including Revolut, Curve and Square that chose Lithuania as the location
Read More
Swedish Minna Technologies Bags €15.5 Million in Funding Round Joined by Visa
Swedish fintech startup Minna Technologies has raised €15.5 million (£14 million) during a Series B fundraising led by Element Ventures with support from MiddleGame Ventures, Nineyards Equity and Visa, to help retail banks enable their subscription management offering. The new
Read More
Bank of Lithuania to Double Down on Payment Service Providers
Bank of Lithuania reported that the number and value of payments made through its payment system CENTROlink had doubled in 2020, while instant payments increased by more than four times. Keeping in this mind, Bank of Lithuania has changed the
Read More
4 Companies to Know in Denmark’s Booming Fintech Sector
The Danish fintech startup scene has grown significantly over the last few years, rising from only 70 fintech companies in 2015 to more than 250 in 2021, according to numbers from industry trade group Copenhagen Fintech. In 2020, Danish fintechs
Read More
Nets’ Subsidiary Inks Agreement to Acquire Checkout Finland
Paytrail, Nets Group’s subsidiary and Finnish online payment provider, has signed an agreement to acquire its competitor Checkout Finland from OP Financial Group. The acquisition supports Nets’ European e-commerce ambitions and further strengthens its presence in Finland. Checkout Finland, part
Read More
Lithuanian Online Compliance Startup Ondato Raises $2 Million
Ondato, a Lithuanian digital and biometric authentication startup, raised $2 million in seed funding and announced its expansion into Europe naming London as its new headquarters. The business will now be based in London’s Canary Wharf district. Following the capital
Read More
Juni Fuels Its Expansion Plan With New Lithuanian Hub
Juni, a Swedish-based banking platform for e-commerce and online marketing companies, has announced plans to establish a product development hub in Vilnius, Lithuania due to its large pool of tech talent and a close-knit fintech ecosystem. The company also plans
Read More
Year End Message to Our Readers – Offline from 24th December to the 3rd January
Fintech News Baltic would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 24th December 2020 to the 3rd January 2021. Until
Read More
Lithuania’s Fintech Industry in 2020: Review of This Year’s Key Developments
Lithuania’s fintech ecosystem continued to grow in 2020 on the back of government-led initiatives, favorable regulations, and booming digital finance activities caused by the COVID-19 pandemic. As of Q3 2020, Lithuania is home to more than 200 fintech companies and
Read More