Posts From Vincent Fong

Revolut Bank Launches in Lithuania

Four years ago, Revolut set out to build a new kind of bank. The kind of bank that solves your problems and treats you fairly. And starting today, Revolut takes the first step as they launch Revolut Bank to their

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Lithuania Has More Than 1000 Startups

Today, the Lithuanian startup ecosystem, which has been demonstrating rapid development rates for some time and can boast of successful results. According to the “Startup Lithuania” database, the number of innovative businesses registered in Lithuania already reached 1021. The number

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Estonian Startup Help: Raise €250K Or More

The emergency situation, remote working, the aim of avoiding physical contacts are making companies to adapt their products and services to the current situation. Estonian startup sector has responded fast and vigorously to the changing socioeconomic situation caused by the

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Strong Together; Drones, Corona-Online-Hackathons and other Activities During Vilnius Lockdown

Because of the coronavirus pandemic, Lithuanian government has imposed quarantine – and people in the capital Vilnius reacted with solidarity and speed. In the first week of quarantine thousands of volunteers offered their help, entrepreneurs have raised large sums for

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Xolo Launches Business Banking for e-Residents in Estonia

Xolo will offer all new customers of Xolo Leap a fully-licensed German bank account, available online through the platform. The banking functionality is provided by Wirecard. This removes the last obstacle for a quick and seamless launch of an EU company through

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Estonian Real Estate Crowdfunding Aggregator Wins Fintech Battle Pitch Competition at TechChill

Leading startup and tech conference in the Baltics TechChill sets records and gathers over 2300 attendees from across the globe. Estonian startup wins TechChill 2020 pitch competition and receives the main prize. The lucky winner took home 10 000 EUR,

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First Ever Latvia Fintech Startup Map Draft Released

Like other Baltic nations, Latvia has witnessed the steady growth of a fintech scene. Today, the country is home to 33 fintech startups and has rapidly expanding blockchain and alternative lending segments, according to the Fintech Latvia Startup Map 2020.

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Fintech Startup PayRay Got a Lithuanian Banking Licence

Following the assessment and proposal of the Bank of Lithuania, the European Central Bank (ECB) granted PayRay, UAB a banking licence, authorising it to receive deposits and other repayable funds. The company is currently providing factoring services and microcredits to

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Digital Banks – A Common Practice Or The Distant Future?

Ten years ago we probably haven’t even thought of the possibility to order a bank card online and that there will be no longer need for us to go to the bank unit where, in the end, the number of

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The 9 Hottest and “Coolest” Fintechs in Iceland

Iceland’s financial services industry has changed rapidly over the past couple of years with fintech solutions at the forefront of these changes. Innovative fintech solutions are provided by the three largest commercial banks in the country, namely Landsbankinn, Íslandsbanki, and

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