Lithuania

Lithuanian SME Lender Noviti Finance Bags €700K From Belgian Fund Helenos

Noviti Finance, a provider of alternative business financing, has received an investment of €700,000 from Belgian private equity fund Helenos. The company said that the new funds will be used to strengthen its position in the local market but also

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Accenture Expands Footprint in the Baltics With Plans for Lithuanian ICT Center

Global professional services company Accenture has announced plans to establish a new ICT service center (Advanced Technology Center) in Lithuania’s capital, Vilnius. The center will open later in 2021 with the recruitment of a few dozen employees and the number

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Lithuania’s Paysera to Offer Payments via Neobank N26 in 18 European Countries

Lithuanian payment processor Paysera announced that it has integrated the German neobank N26 into its payment gateway and this service will cover 18 European countries. Now merchants that Paysera provides payment processing services to, will be able to accept payments

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Lithuanian Civinity’s Investment Arm Sets Aside €15 Million to Fund Proptech Startups

Civinity, a Lithuanian facility management and engineering groups in the Baltics, announced the launch of an investment management firm Pentaframe Capital that will focus on investments into real estate, facility management, and smart city tech startups. In the following five

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Bank of Lithuania Examines Use of Open Banking Solutions for Fintech Supervision

A feasibility study carried out by the Bank of Lithuania has shown that one of the key elements in open banking, the account information service, could be used in supervision of electronic money and payment institutions (EMIs and PIs). The

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Bank of Lithuania Pens a “Dear CEO” Letter to Payment Firms to Enhance Compliance

The Bank of Lithuania has penned a Dear CEO letter to the managers of electronic money and payment institutions operating in Lithuania to strengthen its compliance culture. The Dear CEO letter is one of the supervisory instruments planned for this

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Former Invest Lithuania Advisor Leads Launchpad Capital’s Baltics Operations

Launchpad Capital, a new early-stage venture capital firm led by long-time San Francisco-based fintech investor and entrepreneur Ryan Gilbert, will be investing in early-stage Lithuanian startups targeting North America. The firm plans to target 5 early-stage investments in 2021 ranging

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Stripe Rolls Out Issuing Service in Baltics

U.S.-based fintech Stripe announced that it has launched its issuing services across 20 European countries. Stripe Issuing is now available in Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia,

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Lithuania’s Bankera Enables SEPA Instant Payments for Businesses

Lithuania-based Bankera, a fintech focused on serving blockchain businesses, recently announced support of the SEPA Instant payments. With this move, both personal and business clients have access to instant transfers within more than 2,300 banks and financial institutions among the

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ArcaPay Granted Payment Institution License by Bank of Lithuania

ArcaPay UAB, the subsidiary of ArcaPay, a UK-based and FCA regulated cross-border payments platform, has been granted a payment institution license by the Bank of Lithuania. The company, founded in London in 2011, is opening a new base in Lithuania

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