Fintech Startups in Lithuania- The 2019 List
BANKING
ASHBURN International was founded in 1998, and it is part of the Penki Kontinentai since 2003. Today, software development and payment card authorization solutions are the main area of ASHBURN International activities. The range of services includes installation, updating and maintenance of software solutions adapted to different manufacturers and types of payment terminals. The company also provides billing services in the Baltic States and other regions.
Company is specialized in financial solution development such as systems for electronic payment institution, specialized bank. A specialized bank core system software including client management, IBAN accounts, product management, collateral administration, loan management, accounting and payment service.
BS/2 is part of the Penki Kontinentai group. It specializes in IT outsourcing, software development, banking equipment supplies as well as system integration and technical maintenance services. The company has been working in banking technologies for more than 20 years. It is the exclusive partner of Diebold Nixdorf. BS/2 software solutions and services are available in the world market; they are supplied in 80 world countries.
Contis is the engine powering the banking and payments revolution. Contis offers alternative, end-to-end banking and payments solutions. Whether it is providing alternative banks with a complete current account (with direct debit, Faster Payments, debit card etc), umbrella payroll companies with a remittance platform or companies with access to the Faster Payments infrastructure, Contis provides support every step of the way.
Corporate Solutions is the leading IT solutions and business management consulting group based in Latvia. Our customers are corporate clients, including service providers, banks, as well as public sector.
EPS ELECTRONIC PAYMENT SOLUTIONS
EPS LT has over 20 years of experience in the area of information technology, finance and data processing. Today EPS LT is a reliable and well-known supplier in all Baltic countries, Ukraine and Belarus.
ETRONIKA, a European FinTech company. ETRONIKA develop smart solutions for financial institutions and retail and work with companies that want to be a step ahead in the rapidly advancing worlds of banking, payments, and retail.
Harbortouch is a leading national supplier of point of sale (POS) systems, serving thousands of businesses across the nation. The company offers an unprecedented free point of sale program that supplies a full-featured POS system to restaurants and retail businesses with no up-front costs.
UAB Creditco started its operations in 2014. May. Hercus Card can quickly, reliably and confidentially get major credit and leasing companies’ credits.
OpenWay Group was founded over 15 years ago. Develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.
Paysolut Ltd is serving future unicorns of fintech by providing our mobile banking platform to run their business on. We help to save money and launch faster by acting as the single vendor for the software, know-how, partnerships and even an interim payments institution licence.
Railsbank is an open banking API and platform that gives regulated and un-regulated companies access to global banking with 5 lines of code.
Revel Systems is a feature-rich business platform transforming the way business is done by integrating all operations and customer channels, driven by the Point of Sale, into a single dashboard.
Verifone is transforming every day transactions into new and engaging opportunities for merchants and consumers at the last inch of payments and commerce
Worldline [Euronext: WLN] is the European leader in the payment and transactional services industry. With innovation at the core of its DNA, Worldline’s core offerings include pan-European and domestic Commercial Acquiring for physical or online businesses, secured payment transaction processing for banks and financial institutions, as well as transactional services in e-Ticketing and for local and central public agencies.
BLOCKCHAIN
Ardorgate is a gate between the EURO and the Ardor Ecosystem.
Ardorgate is one of the firsts child chains and its token, AEUR, is directly pegged to the Euro, and provides a quick and simple way for users to purchase cryptocurrency using a Mistertango account
ASSETA
Asseta offers new generation banking services.
Bankera describes itself as a bank for the blockchain era. The company provides the services of a traditional bank, including payment services, loans, deposits, and investments, but caters its services to the blockchain community. Founded in 2017, Bankera raised US$100 million in its initial coin offering (ICO) from 80,000 contributors.
Crypto payment solution for all e-commerce platforms & e-shops with integrated major cryptocurrencies.
BitSugar is an EU licensed lending company. Bitsugar are both KYC and AML certified with a robust lending policy and credit department that is in compliance with European financial directives.
CoinGate is a Lithuanian cryptocurrency startup. It provides exchange and merchant payment services. The company’s mission is to provide a simple way for any online or retail businesses to accept Bitcoin and other digital currencies. CoinGate offers payouts in Bitcoin as well as real-time settlements in euros. Integration tools it has developed include an API, 10+ shopping cart integrations (modules), payment buttons and Point-of-Sale apps for retail stores.
Entry is a blockchain-based platform empowered by smart contracts; which not only acts as a bank by offering easy deposits, payment and lending services, cross border payments, ATM facility/convenient withdrawals, but also a cryptocurrency exchange for the business and consumer world.
Globitex team has created a professional Bitcoin marketplace to fill the need for institutional grade exchange platform with advanced IT solutions, suitable for both individual and institutional Bitcoin market participants.
HODL Finance is the European digital lending company.
HODL Finance issues loans backed by cryptocurrency and other digital assets. Founded by the shareholders of the peer-to-peer lending platform, SAVY, HODL Finance now serves clients around the world.
Kaiserex provides premium investment and exchange services. Consultation services for investing in cryptocurrencies. Cryptocurrency exchange services for investors and institutional traders
Lympo is making the world healthier by rewarding people for exercising and leading healthier lives. With the help of blockchain technology and fitness gamification, users are rewarded with LYM tokens through the Lympo Run app, for completing walking and running challenges. These tokens can then be used to purchase quality sporting goods by top global brands in Lympo Shop – the first-ever online shop to accept fitness token payments.
Monetha is creating a universal, transferable, immutable trust and reputation system combined with a payment solution. Decentralised, empowered by the Ethereum blockchain.
Free digital passport to the World Wide Web. With Mysterium Network’s VPN you can unblock, stream and download content anonymously – anywhere, anytime.
Spectro Finance Ltd is developing innovative solutions for electronic payments. Currently, its portfolio consists of SpectroCoin.com – cryptocurrency exchange, blockchain wallet, prepaid card solution and payment processing.
Universa Blockchain is a new generation blockchain protocol and platform, defined as a set of protocols and data formats, which enable smart contracts owned and controlled by organizations and natural persons through a decentralized notary cloud certifying each transaction. The platform was designed with a focus on scalability, speed and cost-efficiency. It describes itself as a fast and reliable blockchain protocol for businesses and apps. Universal Blockchain raised US$28.8 million in an ICO last December.
INSURANCE
EIS Group is the technology innovator for insurance. Our digital insurance platform is built to move carriers closer to their customers. Cloud-enabled and mobile-ready, the unified platform of core, experience and insight solutions empowers insurers to digitize core insurance operations, create the essential data foundation and deliver easier-than-easy experiences that attract a new generation of customers.
What initially came out as an IT system turned into what is now Mobassurance – a hybrid between technology provider to the insurance sector and specialist insurance distributor working specifically with mobile network operators.
Switch4sure mission is to ensure a cheaper and more reliable insurance coverage. Our innovative solutions allow everyone to switch insurance companies easily while paying one third less for our services.
Tia is a leading provider of customer-centric, integrated policy administration and claims management solutions – with a 100% success rate. Tia offers the industry’s most flexible and comprehensive integrated suite of core insurance applications for property/casualty and composite insurers.
INVESTMENT
Evarvest unites the worlds stock exchanges, making it simple to invest in the brands you know, love and trust, commission free.
Nordstreet is a p2p real estate financing platform, radically changing investment opportunities in real estate. From now on, real estate investments are no longer available only to venture capital companies or extremely wealthy individuals: everyone has the opportunity to choose a reliable real estate project and have the ability to invest.
Esame PROFITUS komanda, kurianti investavimo į nekilnojamąjį turtą platformą. Sekame pasaulines tendencijas, todėl čia diegsime naują požiūrį į investavimą ir nekilnojamąjį turtą. Suteiksime galimybę kiekvienam iš jūsų investuoti į nekilnojamojo turto projektus. Pritrauksime kapitalą ir nekilnojamojo turto savininkams, norintiems greičiau realizuoti savo verslo idėjas.
Real estate is one of the main asset classes which, unlike shares or bonds, for a long time was accessible only to professional investors. By employing technologies, we change the standards and open the door for everyone to enjoy the benefits of real estate investments.
StockInvest.us is fully owned by Exigam, a Vilnius, Lithuania based IT company. We analyses more than 5.000 companies every day traded at the Nasdaq Stock Exchange providing in-depth analysis and clear recommendations based on technical signals. Our goal is to give the common investor a user-friendly tool in the decision-making process when to buy and sell shares.
Synergy Finance – tai Lietuvos Respublikoje įregistruota bendrovė, kuriai Lietuvos bankas yra išdavęs valdymo įmonės licenciją (licencijos numeris VĮK-020). Ši licencija bendrovei suteikia teisę valdyti kolektyvinio investavimo subjektus, investuojančius į kitus kolektyvinio investavimo subjektus, valdyti kitų asmenų finansinių priemonių portfelius bei konsultuoti investavimo į finansines priemones klausimais (investicijų portfelio formavimas, finansinių priemonių parinkimas, investavimo krypčių peržiūrėjimas ir pan.). Be pagrindinės veiklos bendrovė taip pat rengia mėnesinius finansų rinkų investicinius tyrimus bei organizuoja mokymus.
Welltrado is a tool to track and monitor investments across multiple P2P lending platforms
LENDING
Aventus Group is innovative, dynamic and successful payday lender holding the leading position in Poland, Latvia, Czech Republic, Ukraine, Kazakhstan, Moldova and Russia markets. Profitable from its first year of operation in Lithuania (2009).
Fintech contributions and innovative solutions, as well as profound knowledge of the markets and strong management skills, affected dynamic development of Aventus Group.
Blender is a global e-lending platform that provides cross-border lending services. Blender operates as a direct lender or as a cross-border marketplace.Blender aims to become vastly common global consumer lending channel, where people across the globe will be able to apply for a loan through one single mobile app.
Founded in 2015, Debifo offers an invoice finance solution for small and medium-sized enterprises (SMEs) in Lithuania. The platform enables them to free up frozen working capital by providing funds based on outstanding invoices. Debifo’s invoice finance solution allows to shorten receivable payment terms from 30 – 120 days to only a few days. Debifo does not require long-term contracts or collateral, and has no hidden fees. After completing a short registration form, clients can raise invoices for financing and receive the funds they need within a few days.
Debitum Network is an hybrid ecosystem for small business financing that utilizes the Ethereum blockchain to secure and distribute fiat financing to SMEs. The platform is designed to unite borrowers and those who help them apply: investors (lenders), risk assessors, document validators, insurers, etc. Companies or individual professionals who work in the alternative finance space can connect-in to the network for free and immediately begin facilitating cross-border deals. Debitum Network raised US$16 million in its ICO earlier this year.
Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.
FinBee is peer-to-peer lending platform providing services to individuals and companies in Lithuania and Czech Republic since 2015.
First Finance yra UAB “SOSCREDIT” prekinis ženklas, kuris buvo sukurtas siekiant pasiūlyti inovatyvius finansavimo sprendimus verslui. Nuo 2012 m. veikianti įmonė veiklos padžioje dirbo vartojimo kreditų rinkoje, tačiau siekiant stabilumo ir ilgalaikės strategijos kūrimo buvo nuspręsta teikti tik paskolas verslui.
IPF Digital provides fast, flexible and convenient credit solutions under the Hapiloans, Credit24, Sving and Creditea brands to retail customers in Finland, Estonia, Latvia, Lithuania, Poland, Spain, Mexico and Australia.
LENDSTREAM is designed for mortgage/consumer/micro lending, leasing and loan broker companies, which have out-dated, few non-integrated CRM, ERP systems and willing to have one solid system within shortest implementation period possible.
Lenndy group is focused on FinTech and non-banking lenders development. Infrastructure of non-banking lenders allow individuals and businesses directly lend their money to ohers. Lenndy group provided effective business model for lending market development and diversification across the world.
MANU is a community that believes in bringing together individuals, fostering trust, cooperation and realization of dreams by borrowing and investing their money directly to each other – without help of traditional faceless financial institutions.
MOKILIZINGAS is one of the oldest and leading consumer finance companies in Lithuania, operating from 1999. Company provides Consumer loan services in Lithuania and Leasing services in Lithuania as well as in Latvia.
NEO Finance is the largest P2P lending platform in Lithuania, operating under the name of Paskolų klubas.
PRASISKOLINAU is a mediator, a broker, a consultant, a debt refinancer and a spokesman for the hardest part of debt – stress.
Percentas is a peer-to-peer borrowing platform that connects people who want to borrow money and others that are looking for new investment opportunities. Procentas acts as a intermediary between the borrowers and the investors.
RATO Credit Union (formerly Vilnius Regional Credit Union) is one of the longest operating credit unions in Lithuania. The union has been striving to provide the best financial offers to its members and to become a reliable partner in your daily business and business.
Savy is a peer-to-peer lending platform for consumer loans and the first to launch in Lithuania back in 2014. Since then, the company has relocated to the UK but still serves the Lithuanian market. The platform connects investors with borrowers across Europe. Unlike other lending platforms, Savy does not use deposit account to collect money or distribute payments. The platform connects investors and borrowers directly via their bank accounts.
SIMPLEFIN provides short-term loans for small and medium-sized businesses, according to the invoices issued to large and stable operating companies.
SME Finance has a vision to help business grow as smoothly as possible by offering quick and easy funding solutions through invoice finance (factoring) and business loans. These are the alternative financing facilities, already appreciated by SME entrepreneurs, largely because of their diversity and flexibility.
Vilnius Factoring Company operates in the field of working capital financing, established in Lithuania from July 2018.
OTHERS
B1.lt – an online accounting system designed to meet the immediate need to simplify bookkeeping and reduce the cost to businesses of purchasing expensive accounting software. B1 has all the necessary modules for comprehensive bookkeeping for both trading and service companies as well as manufacturing and transport companies.
Provide intelligent information, software and analytic solutions to facilitate access to finance.
Dealoyal is a cash back offer marketplace for brick and mortar businesses linked directly to a user’s payment card.
Fitek is the market leader in financial automation processes. Fitek lowers the costs of customers by optimizing and accelerating their financial processes.
Inform Debtor – revolutionizes debt collection on a global scale. It allows you to inform debtors in the easy, quick and affordable way. By giving you a borderless access to partners who take care of debt administration and collection, ID solves fundamental problems creditors face.
RoboLabs provides modern accounting, document processing and business intelligence services throughout Lithuania.
PAYMENTS
Alternative Payments is the leading local payment methods service provider processing for 18.000+ active eCommerce merchants offering the most comprehensive portfolio of local payment methods.
ArcaPay (formerly MB Transfers) provides foreign exchange, international payment and currency risk management services to small & medium sized businesses.
Cardinity is a secure and reliable online payment platform. We offer ecommerce merchants the possibility to accept credit and debit card payments from buyers anywhere in the world. With Cardinity online merchants are able to charge all the major credit and debit cards such as Visa, MasterCard, Maestro, Carta Si, Diners Club International, etc. in any currency.
Founded in 2016, Caspero is a payments startup providing users with a digital wallet that allows them to shop online conveniently and send money to their friends and families instantly. For online businesses, Caspero offers a payment platform that’s easy to integrate and which allows them to accept payments online. The platform has two-step verification and cross-site scripting for all users.
As one of the world’s leading financial advisory organisations, deVere Group prides itself on providing high-class, professional advice to expatriate clients and investors all over the world.
Finolita is a one stop solution for merchants to receive banking services of IBAN accounts, money transfers, FX options & acquiring.
Foxbox is a self-service payment terminals providing different services, including paying your bills in cash.
Google Pay is the fast, simple way to pay in millions of places – online, in stores, and more. It brings together everything you need at checkout and protects your payment info with multiple layers of security. Plus, you can manage your account wherever you want – on the web or in the app.
International Business Settlement (IBS) devotes itself to constructing a global cross-border payment clearing and settlement network with regional clearing circles, realizing a rapid, safe and low-cost direct payment channel between local currencies and Chinese Yuan (CNY).
InstaReM has created a unique payment mesh in Asia, which is being leveraged by financial institutions, SMEs and individuals to make fast and low-cost cross-border payments to more than 60 countries across the globe.
International Fintech was founded based on a unique model: to serve as a one-stop shop that synthesizes technology, regulation, banking, compliance, technology, marketing and expertise.
Founded in 2013, iyzico is the brainchild of German-born Turks, Barbaros Özbuğutu and Tahsin Isın, who moved from Germany to Turkey to set up the business. Started out with 3 people, iyzico is now Turkey’s fastest growing fintech company composed of more than 130 people providing secure payment solutions to online sellers of different sizes as well as online shoppers.
A good idea is all that matters, but often it is not enough. kevin. is working on a constantly growing array of ready-to-use services for businesses that already know what they want to offer for the market but have no necessary resources in terms of time, know-how, the team of professionals, and funds. Build a platform from scratch or compliment the already working platform with the services made by fintech professionals who know how your business work.
LITUVOS PASTAS is a company with the densest network of postal services in the country.
Majestic is trusted global transaction banking platform for communities of common business interests.
Our experience and community focused work has started in 1996 – “Mano bankas” has grown up from “Mano unija”, the biggest and most successful credit union in Lithuania. In October 2018, after more than 20 years of outstanding performance, European Central Bank has granted us with the first special bank licence in European Union.
UAB Ignitis (formerly Lietuvos energijos tiekimas) provides the easiest way to handle all your electricity and gas issues.
Mistertango is the first fintech company offering dedicated IBAN accounts to individuals and businesses.
Innovative service of mobile payments allows making fast and secure payment settlements using mobile phones with the operation of contactless NFC (Near Field Communication) technology.
Moneta provides a unique and innovative business-to-business payments and cash management platform.
Mobile Payments is a company founded by the three largest Lithuanian mobile operators, who created and manages MoQ, the first mobile billing platform in the Baltic States. MoQ is an e-wallet on your smartphone that enables you to instantly pay for and receive payments for goods and services on the Internet and at points of sale, and to transfer money between you 24 hours a day, seven days a week and during the holidays.
OPAY is a secure and convenient Payment Collection System (Payment Gateway) providing innovative solutions for the e-commerce by not only allowing to collect the payments, but also having a rich set of sales promoting features.
Based on the booming Fintech, as well as the globalization of trade and social connection, especially the sustainable soaring from China to the world, PanPay Group is committed to providing the figure-tips professional, trusted and transparent international financial service to empower the SMEs and individuals into a seamless global economy arena.
Paysera LT is a licensed electronic money institution providing online payment services globally. It has developed Paysera system which offers simple and convenient methods to perform payments at lower rates and faster than at a bank.
Paystra is an innovative Financial Technology company which provides European merchants with state-of-the-art solutions for all their electronic transaction needs. The company offers multi-currency settlement and transaction services for POS terminals, e-commerce, m-commerce and mail/phone orders, in addition to services such as DCC, tokenisation, fraud and chargeback management. No matter how or where you sell your goods or services, we help you get your payments as quickly, securely and cost-efficiently as possible.
Pervesk UAB is a licenced Electronic Money Institution based in Lithuania and regulated by the Bank of Lithuania. Our cutting-edge FinTech solutions are readily available for you, your business, and your brand.
Ibanera (formerly Phoenix Payments) is licensed and regulated from Central Bank of Lithuania. Ibanera’s main activity is the issuance, distribution and redemption of Electronic Money. We offer to international corporate clients a range of financial solutions for managing funds and global payments. We are connected with banks, Payment Service Providers and card processing companies who complete the infrastructure for these services.
Plexian re-imagines what it means to have a loyalty program and how to become a loyalty company. The Swedish FinTech company builds mobile wallets and digital loyalty programs. The traditional model where loyalty is associated with transactions is changing and instead focus is put on building genuine and honest relations.
Prowallet is e-wallet, which offers wide range of services for business and personal users. Our customers will be able to use such services like IBAN adress, SEPA payments, currency tranfers, money collecting. We will be offering debit cards to our custmers as well.
Revolut is a UK- based financial technology startup that allows you to set up an app-based current account in 60 seconds, spend abroad in over 130 currencies with no fees using a contactless MasterCard or Visa debit card, hold and exchange 25 currencies in-app and send free domestic and international money transfers with the real exchange rate. The Revolut app also enables users to purchase device and travel insurance as well as get exposure to crypto-currencies in the fastest and most convenient way.
SatchelPay is a unique financial company with multiple licenses that was build in order to serve today’s needs for private individuals and international businesses.
Seven Seas Finances offers safe, low-cost and easy-to-use online financial services needed for trading Businesses and Consumers around the globe.
Shift Financial Services ltd provides safe and fast money transfer services to consumers who are not fully served by traditional financial institutions.
Simb is a multi-banking app for families who want to get control over their finances. It shows balances of all family members in one place, presents the spending overview at the household level, and enables children to bank safely with their own debit cards equipped with a set of parental controls.
Simplex is an EU licensed financial institution that provides an online fraud-free payment processing solution.
TBF Finance service allows you to accept eCommerce merchants any kinds of online payments via credit cards and by the foremost popular electronic payment systems.
Transactive offers faster, easier and less expensive access to instant payment systems in multiple countries, enabling businesses, banks, and fintech disruptors to send funds faster and more easily than ever before.
Trustcom Financial is the online bank that offers flexible and safe online bank accounts for people and companies as well.
TurboTransfers is a licensedpayment institution supervised by the Bank of Lithuania, which is subject to most of the same security requirements as commercial banks.
Valyuz UAB is a cutting-edge payment service provider regulated by the bank of Lithuania which offers alternative solutions to traditional banking for clients world-wide.
Vericents is a regulated electronic money institution from Lithuania that operates a payment gateway for online businesses. The platform is fully PCI DSS Level 1 compliant, so all data and traffic are encrypted and protected, while access to customer data is severely monitored and restricted. Additionally, with Vericents, customers get pre-authorization and capture of transactions, recurrent billing, and the ability to message (email or SMS) a client about a payment.
ViaCorex is a cloud-based e-procurement platform which streamlines and centralizes procurement processes.
Viena sąskaita is one of the billing methods, with which all monthly bills can be paid in one single transfer.
UAB VPO is one of the first companies in Lithuania which created and implemented a new generation, electronic trading system, which covers sales, management and implementation. Today by providing payment collection services, VPO cooperates with UAB Lietuvos spauda, UAB Vaskota and UAB EVP International, through which online payment system Mokėjimai.lt fees are collected free of charge.
VTEAM FINANCIAL TECHNOLOGY SERVICE CORP
leading brand of Supply Chain Finance/Innovative A/R Operation in the Greater China region. A hybrid of FinTech and financial service company, the Group is specialized in full-service FinTech provider in Supply Chain Finance.
Wallter is an EMI with a LT license. We provide customers (Corporations and Sole Traders) with better payments solution.
Black Banx provides digital banking solutions to private individuals, institutional and corporate clients worldwide.
WioPay (formerly WoraPay), is the payments without the queues platform founded in 2012 and specialising in helping retailers to increase sales and profit by allowing their customers to avoid the need to queue to pay.
SECURITY
Arxan, the global trusted leader of application protection solutions, delivers the confidence to build, deploy, and manage an organization’s most innovative and valuable applications.
CyberGym is the global leader in cyber security training & coaching solutions for critical and sensitive environments.
IDenfy is an online identity verification company, helping to reduce frauds and makes business smoother and more profitable. We created our product to help businesses comply with Know Your Customer (KYC) rules and support electronic identity verification requirements (eIDV).
Dokobit (formerly isign) is the biggest electronic signature solutions provider in the Baltics enabling e-signing and e-identification as an everyday service.
NCC Group is a global expert in cyber security and risk mitigation, working with businesses to protect their brand, value and reputation against the ever-evolving threat landscape.
Cyber security technology consulting, incident response and applied research company.
Smart-ID can be used to log in to e-services, for online banking and for signing documents.
