Archive
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
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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
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2020 Baltic Startup Scene Report Names 11 Fast-Growing, Promising Fintech Startups
Startup Wise Guys and EIT Digital have released their annual Baltic Startup Scene report, outlining the state of the Baltic startup ecosystem and the progress made over the past year. Amid COVID-19, the Baltics’ fintech sector saw a particular increase
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Lithuanian E-Money Transactions Skyrocket in 2020
Over the first three quarters of 2020, the total number of payment transactions as well as income of electronic money and payment institutions (EMIs/PIs), which holds a significant share of the Lithuanian fintech sector, has continued to grow according to
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Swedish Open Banking Platform Tink Raises Its Valuation to €680 Million
European open banking platform Tink announced it has raised €85 million during an investment round extension, following its €90 million investment round in January. This brings the total invested in Tink this year to €175 million. The investment round boosting
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Swedish Challenger Bank Rocker to Pilot Biometric Card in 2021
In collaboration with IDEMIA, an augmented identification provider, Swedish bank challenger Rocker plans to launch a pilot for debit cards with fingerprint ID as part of its strategy to offer smart payment solutions across platforms by the first quarter of
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Finnish Wealthtech Rundit Raises €1 Million in Seed Funding
Finland-based startup Rundit, a platform for portfolio management and monitoring, has raised € 1 million in seed funding. The round was led by two new angel investors, including Pierre Weimerskirch, board member of several PE and VC funds and the
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Swedbank Joins Forces With Meniga to Offer Personalised Banking Services
Meniga, an Iceland based AI-driven digital banking solutions provider, has partnered with Swedbank to launch new services to increase customer engagement. The new digital banking solution is now live at all of Swedbank’s markets in Sweden, Estonia, Lithuania and Latvia. Utilising
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Sberbank, 500 Startups Accelerator Accepts International Entries for its 3rd Batch
Sberbank, state-owned Russian banking and financial services company, and 500 Startups, early-stage venture fund and seed accelerator, now accepts international entries for its third IT startup accelerator. The closing date for applications is January 10, 2021. The accelerator is a
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Nasdaq Set to Bolster Its Presence in Lithuania With 100 New Tech Jobs
Nasdaq will expand its footprint in Lithuania by adding up to 100 new technology job at its Vilnius office through an initiative with Invest Lithuania, a non-profit organisation owned by the Ministry of Economy of the Republic of Lithuania. Since
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