Posts From Fintechnews Baltic
Bank of Lithuania Grants Electronic Money Licenses to Two UK Companies
The Bank of Lithuania issued electronic money institution licenses to UK companies FIDELIS EUROPE, UAB, and DiPocket, UAB. This authorises them to issue electronic money and provide payment services set forth in the Republic of Lithuania Law on payments. Following
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2 Fintechs Featured on TechChills’ Top 10 Latvian Startups to Watch Out For
TechChill, a non-profit organisation fostering the Latvian and Baltic startup ecosystem, has singled out ten up-and-coming startups that we should keep an eye out for. The two fintech startups that made it on that list includes Nordigen and Jeff App.
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SME Finance Receives EUR 80 Million Funding From European Investment Bank
The European Investment Bank (EIB) has backed Lithuanian-based neobank, SME Finance, with a funding of EUR 80 million. It is said to be the largest investment awarded by EIB to a fintech lender. SME Finance had announced their intentions of
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Amazon Expands Its Footprint to Sweden, Part of Its Europe Expansion Plan
Amazon has launched its first Nordic online store with the domain name of Amzon.se as part of its expansion plan into Europe. “We are thrilled to launch Amazon.se and to be able to offer Swedish customers a selection of more
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Finland Billboards Now Double as Disinfectant Terminals for Mobile Phones
Nordic health company Terveystalo has turned billboards into disinfectant terminals that can supposedly clean a phone in only 15 seconds with UVC light. The billboards are located in Helsinki and Turku in southern Finland. There is a small hatch in
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Curve Europe UAB Gets the Green Light for E-Money License in Lithuania
The Board of the Bank of Lithuania has granted an electronic money institution license to Curve Europe UAB, a subsidiary of Curve OS Limited, an electronic money institution licensed in the UK. This move authorises it to issue electronic money
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Estonian Virtual Cyber Security Hackathon Announces Winners
Estonian startup Garage48 has concluded its 4th Cyber Security Hackathon on the 23rd to 25th of October, announcing the list of winning startups. The hackathon was organised in collaboration with Institute of Computer Science at the University of Tartu, Sentinel,
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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 will be supplemented by other
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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,
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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
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