Lithuania

Lithuanian Startup Kevin Raises €1.5 Million to Break Into New European Markets

kevin., a Lithuanian payments startup, announced that it has raised €1.5 million in seed funding to scale into new markets in Europe. The funding came from a number of European business angels from the finance and insurance industries. kevin. currently

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Lithuanian Payments Firm Paysera Expands Its Footprint to Spain

The Lithuanian-based e-payment network Paysera has announced its expansion plans to Spain, where the company Paysera España was established in the city of Valencia. Financial services and a trademark developed in Lithuania are brought to Spain by the owners of

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Baltic Banks Embrace Open Banking

In the Baltic region, banks are embracing open banking with most of the major ones giving third-party providers regulated access to account information through developer portals. Data from Latvian open banking startup Nordigen and Openbankingtracker.com suggest that at least 11

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UK Open Banking Fintech Yapily Plans to Set up Hub in Lithuania

Yapily, a London-based fintech startup, has announced plans to set up in Vilnius, Lithuania which is the company’s third European office. Yapily joins a growing number of UK fintechs including Revolut, Curve and Square that chose Lithuania as the location

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Bank of Lithuania to Double Down on Payment Service Providers

Bank of Lithuania reported that the number and value of payments made through its payment system CENTROlink had doubled in 2020, while instant payments increased by more than four times. Keeping in this mind, Bank of Lithuania has changed the

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Lithuanian Paysera Raises Its Authorised Capital to € 7 Million

Paysera, a Lithuanian payment processor with a dominant presence in the Baltics, has raised its authorised capital from EUR 3 million up to EUR 7 million. The capital was raised from the accumulated profit. “Paysera has become a well-known financial

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Lithuanian Online Compliance Startup Ondato Raises $2 Million

Ondato, a Lithuanian digital and biometric authentication startup, raised $2 million in seed funding and announced its expansion into Europe naming London as its new headquarters. The business will now be based in London’s Canary Wharf district. Following the capital

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Juni Fuels Its Expansion Plan With New Lithuanian Hub

Juni, a Swedish-based banking platform for e-commerce and online marketing companies, has announced plans to establish a product development hub in Vilnius, Lithuania due to its large pool of tech talent and a close-knit fintech ecosystem. The company also plans

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Lithuania’s Fintech Industry in 2020: Review of This Year’s Key Developments

Lithuania’s fintech ecosystem continued to grow in 2020 on the back of government-led initiatives, favorable regulations, and booming digital finance activities caused by the COVID-19 pandemic. As of Q3 2020, Lithuania is home to more than 200 fintech companies and

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Lithuanian E-Money Transactions Skyrocket in 2020

Over the first three quarters of 2020, the total number of payment transactions as well as income of electronic money and payment institutions (EMIs/PIs), which holds a significant share of the Lithuanian fintech sector, has continued to grow according to

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