Archive
E-Money Institutions Leads Lithuania’s Booming Fintech Sector
Fintech companies in Lithuania are among the best and fastest adapters to the Covid-19 pandemic. Fintech Hub LT statistics show that Electronic Money Institutions (EMIs) have made the most progress. The latter have demonstrated excellent turnover and profitability figures, which
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Bank of Lithuania Continues Digital Euro Experiments
The Bank of Lithuania invites payment market participants and technology companies to participate in an experiment and together develop a payment solution that enables instant settlements in digital euro at points of sale. “The Bank of Lithuania is constantly assessing
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Multi-Cloud Security Firm vArmour Sets up Development Center in Lithuania
vArmour, a provider of application relationship management software, has just announced the establishment of their latest development center in Vilnius, Lithuania. The development center in Lithuania will be at the forefront of vArmour’s core development efforts and become one of
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SME Bank Backed by the EU to Offer €100 Million in Financing for Lithuanian SMEs
Lithuanian financial intermediary SME Bank has signed a guarantee agreement with the European Investment Fund (EIF) to support local small and medium sized businesses (SMEs). The agreement is made possible under the “European Guarantee Fund”, an initiative of the EIB
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Estonian Bank LHV Offers Crypto Trading on Its App
Estonian banking and financial services company LHV announced that its customers are now able to trade major crypto assets on its app. Initially, customers will be able to buy and sell eight selected major cryptocurrencies at market prices including Bitcoin
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Lithuanian Startup Okredo Raises €1 Million Ahead of EU’s Open Data Directive Launch
Open data startup Okredo has closed a €1 million seed funding round led by the Lithuanian Business Angels Fund and Presto Ventures, with support from Startup Wise Guys as well as several angel investors. Okredo said that this round of
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InRento Scales Abroad With Spain Expansion and Buys Estonia’s BitOfProperty
Lithuania’s buy-to-let crowdfunding platform InRento is scaling abroad by expanding its operation to Spain and acquiring Estonian real estate marketplace BitOfProperty, which offers a similar service. InRento said that its expansion into Spain was a natural move as there are
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IKEA Inks Partnership With Trustly to Enhance Global Payment Experience
Trustly, a global payments platform for digital account-to-account transactions, has announced a partnership with IKEA. Through the partnership, Trustly will enable IKEA’s shoppers to pay for their purchases directly from their online bank account. The collaboration also equips IKEA with
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Fintech Funding Stalls in the Baltics
Funding activity is stalling in the Baltics’ fintech sector as startups are failing to raise considerable rounds this year, data from Fintech Global show. In the first nine months of 2021, Baltic fintech companies raised just a little over US$121
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BNPL Giant Klarna Acquires Shopping Comparison Site PriceRunner
Swedish Buy Now, Pay Later (BNPL) platform Klarna announces it has signed an agreement to acquire shopping comparison site PriceRunner. Details of the deal were not disclosed. PriceRunner will bring new features in the form of product reviews, rich product
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