Posts From Fintechnews Baltic
Lithuania’s Ecosystem Confirms New National Fintech Guidelines for 2023-2028
The main institutional actors in Lithuania’s Fintech ecosystem signed a Memorandum of Understanding confirming the National Fintech Guidelines for 2023-2028. The Guidelines, which consist of five separate directions, are aimed at improving the conditions for businesses and continuously developing an
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Lithuanian Regtech Company Amlyze Secures $1M Pre-Seed Funding
AMLYZE, a Vilnius-based RegTech firm specializing in anti-financial crime solutions for FinTechs, neo-banks, and crypto businesses, has successfully concluded a $1 million pre-seed investment round. The round was led by Practica Capital, with participation from the Firstpick accelerator and venture
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Estonia Tightens Authorization of Virtual Asset Services
After the amendments to the Money Laundering and Terrorist Financing Prevention Act took effect on 15 March 2022, the validity of 389 authorisations has expired, either based on the decision of the Financial Intelligence Unit or at the request of
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Angel Investing Platform Funderbeam Bags US$40M Funding Led by VentureWave
Funderbeam, an Estonian angel investing and trading platform, has received US$40 million investment led by Irish Venture capital firm VentureWave. VentureWave said that it will take an active and strategic leadership role in scaling Funderbeam’s technology across venture assets. The
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Estonian Crowdfunding Platfom Estateguru Gets EU Crowdfunding Licence
Estateguru has announced that the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) has granted the platform its European Crowdfunding Service Providers for business (ECSPR) licence, allowing it to operate as a crowdfunding service provider across all European Union (EU) member
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What or Who is the GovTech Innovation Bank in Lithuania?
GovTech Innovation Bank is a pool of digital innovations – products, services – developed or planned to be launched by companies, startups, academia, or other innovation teams. Registered innovations will be presented to public sector organizations that plan to improve
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Lithuanian Fintech’s Growth Momentum Continued in 2022 Despite Market Conditions
Despite turbulent market conditions, the Lithuanian fintech sector demonstrated resilience in 2022, recording strong revenue growth and sustained startup funding activity, new data from Invest Lithuania, the country’s agency for foreign direct investment and business development, show. The Fintech Landscape
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Sweden Leads Nordic Insurtech Scene with 60% Market Share
With 19 insurtech startups, Sweden is the biggest insurtech market in the Nordics, hosting 60% of all of the region’s insurtech companies, a report by Sollers Consulting, an international operational advisory and software integrator, reveals. The Nordic Insurtech Report, released
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Finnish Fintech Saldo Bank Launches Banking Operations in Lithuania and Plans Further Expansion
Fintech Fintech company Saldo Bank UAB has announced the launch of banking operations in Lithuania. Having built regulatory readiness after obtaining a specialised bank licence from the European Central Bank, Saldo Bank will introduce term deposits and continue providing loans
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Fintech Lithuania Market Insights: Fewer Investments, but We Will Strengthen Competitiveness
The financial technology sector in Lithuania continues to develop. There is a steady increase in the number of people employed, the turnover of companies, and more taxes are being paid. However, it is predicted that in the background of global
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