Lithuania
Plug and Play Startup Accelerator Expands to Lithuania
Plug and Play is set to collaborate with innovative startups in Lithuania. This landmark collaboration entails an investment of EUR 5.9 million to nurture a minimum of 45 startups over the span of three years. “We are creating additional opportunities
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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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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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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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HK Fintech Unicorn Airwallex Plans Growth in Lithuania
Motivated talent and a forward-thinking regulator – that is what a leading financial technology platform Airwallex cites among the reasons for establishing operations in Lithuania. After obtaining an electronic money institution (EMI) licence from the Bank of Lithuania, the company
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The Future of Travel is Here: Are Businesses More Open to Crypto Payments?
Technology is something that tends to introduce itself to our lives first in the realm of conversation, whether it is as the result of the announcement of a new product or a prediction by an expert as to what will
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Practica Capital Closes €70M Early-Stage Baltic Entrepreneurs Fund Raise
Vilnius-based Practica Capital announced the first closing of its €70M target size Practica Venture Capital III fund at €32M. The fund will focus on backing the Baltic founders from pre-seed to A round, making it the biggest such dedicated vehicle
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