Lithuania

Fintech Funding in Lithuania Nosedives 97% YoY

In 2023, Lithuania fintech startups secured a mere EUR 7.2 million in venture capital (VC) funding, a figure which represents a staggering 97% year-on-year (YoY) decline from EUR 222.6 million, new data released by Dealroom show. The sum makes fintech

Read More

6 Lithuanian Fintech Startups to Watch in 2024

Over the past years, Lithuania has emerged as a significant player in the European fintech sector, an industry that has grown on the back of a burgeoning startup ecosystem, a favorable regulatory environment and robust infrastructure. As of the end

Read More

TransferGo Strengthens Leadership Team for Global Expansion

TransferGo, a global fintech creating a fairer world for millions of hard-working migrants, announced the addition of three professionals to its executive team to spearhead global expansion and consolidate its presence in existing markets. With their extensive experience and expertise,

Read More

Top 14 Fintech Events in the Baltics and the Nordics to Attend in H1 2024

Over the years, the Nordic and Baltic regions have emerged as vibrant hubs for fintech innovation, fueled and facilitated by advanced digital infrastructure and digitally literate populations, government support, and strong collaboration between traditional financial institutions, startups and technology companies.

Read More

What Was 2023 Like for Lithuanian Fintech Companies and What to Expect in 2024?

With the world becoming increasingly digital each year, the role of fintech companies providing nextgen financial services has been growing. Hardly anyone remembers the days when, for example, you had to go to a bank branch to solve your banking

Read More

Lithuania New 2023-2028 Fintech Strategy Puts Emphasis on Quality

Lithuania’s new 2023-2028 fintech strategy is putting a focus on attracting fintech leaders and supporting the qualitative development of the Lithuanian fintech sector in a bid to become a leading European fintech hub and center of excellence. Released on October

Read More

Lithuanian Regtech AMLyze Partners With Shufti Pro to Enhance AML Screening Service

Shufti Pro, an identity verification service provider announced its strategic partnership with Lithuanian based AMLYZE, a RegTech company specialising in anti-financial crime solutions for FinTechs, neo-banks, and crypto businesses. This collaboration brings together the best of both companies’ expertise to

Read More

iDenfy Joins Nomadrem to Facilitate a More Convenient Customer Onboarding Process

iDenfy, a global RegTech startup offering automated identity verification and fraud prevention tools, announced a partnership with NomadRem, a Lithuania-based fintech company, which offers quick money transfers, bill payments, and a variety of other financial solutions. iDenfy’s newly integrated ID

Read More

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

Read More

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

Read More