Lithuania

Fintech Week Lithuania Goes Online

Fintech Inn, the largest Fintech conference in the Baltic region, has been postponed to 28-29 April 2021 due to the Covid-19 pandemic. However, the organisers have come up with an online alternative this summer. Fintech Week Lithuania, taking place on

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Covid-Support: Genome Is Waiving Service Fees for All Low-Risk Businesses

Genome, a Lithuanian fintech company that operates as a financial ecosystem for personal and business use announced that it is showing support for all businesses that will struggle with the retailing of physical goods while switching to e-commerce. For all

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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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Revocation of Bruc Bond, UAB Payment Licence for Serious Violations of National Legislation

The Board of the Bank of Lithuania has revoked the payment institution licence held by Bruc Bond, UAB (formerly UAB Moneta International). Such a decision has been taken in view of non-compliance with the requirements pertaining to its existing licence

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Revolut Transferring Business Customers to Lithuanian Entity

You might have seen some updates from Revolut about account migration to their new European license. Revolut’s intention is to make sure that the client experience isn’t interrupted and that Revolut can be used normal. So that Revolut is fully

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30 Years of Lithuanian independence- How Lithuania Got Good at (Fin)Tech

The fall of the Soviet Union brought about more than a dozen sovereign nations, each taking a distinct path from the other. Lithuania, the first country to regain its independence on March 11, 1990, has already developed its fair share

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Mambu is Opening its Prime Engineering Centre in Lithuania

Mambu, an innovative cloud platform for banks, Fintechs and financial service providers, is establishing an engineering centre in Lithuania. The new Vilnius team, which is expected to grow to 100 employees within 3 years, will serve as one of 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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Lithuania’s Fintech Landscape in 2019 and 2020 Startup Map

2019 was a key year for Lithuania’s fintech sector, with the number of companies in the sector rising to more than 200 and the country being recognized as one of the most dynamic fintech hubs globally, according to a new

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