Lithuania

10 Women Leaders in the Lithuanian Fintech Ecosystem

As the fintech sector continues to evolve in Lithuania, a growing number of women in leadership roles are helping propel the country’s most promising and fastest-growing fintech startups ahead in exciting new directions. We’ve curated a list of 10 of

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Fintech Unicorn Drivewealth Opens EU HQ in Vilinius

DriveWealth, a global embedded finance pioneer that powers equity investing for fintechs,  announced the opening of its first international entity to serve the European market. Based in Vilnius, Lithuania, the new DriveWealth Lithuania subsidiary will create innovative new partnerships with

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Taiwanese Blockchain Company Joins Lithuania’s Fintech Ecosystem

XREX, a Taiwanese blockchain Fintech company, has chosen Lithuania as its entry point to the EU market. After recently becoming a crypto asset service provider in Lithuania, the company plans to entrust operations, AML, and other functions to its Lithuanian

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Payment Processing Fintech Paystrax to Double Headcount in Lithuania

Paystrax, a payment processing solutions provider, is planning to expand its team in Lithuania. With offices in Vilnius, Klaipėda, Reykjavik in Iceland, and Brighton in the UK, the company is looking to double its current 30-strong team in Lithuania over

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Bank of Lithuania Seeks to Strengthen the Country’s Financial Market

The Bank of Lithuania has entrusted development issues to a specialised Centre for Financial Market Development in order to promote the continued successful growth of the country’s financial market. It will look for ways to strengthen the existing financial market

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Fintech Funding Momentum Continues This Year in Baltic States

2021 was a record breaking year for the Baltic States’ startup landscape with a total of EUR 1.6 billion in capital raised, an amount that’s nearly three times the sum secured by the region’s startups in 2020, data from local

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In the Baltics, Estonia Has Minted the Most Fintech Mini and Unicorns

In the Baltic region, Estonia is emerging as a fintech powerhouse, having minted the most fintech unicorns and being home to the largest number of fintech minicorns, or startups on the rise to becoming billion dollar companies. A new infographic

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Payment Firms Dominate Mastercard’s Lighthouse FINITIV 2022 Programme

Five payment acceptance startups were among the 15 selected to meet Mastercard in the Lighthouse FINITIV programme. Since its launch in 2018, Lighthouse FINITIV has created a forum for selected startups to enter partnership discussions with Mastercard and its largest

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Lithuania Fintech Report and Map 2022

2021 was a successful year for Lithuania’s fintech industry with record funding volumes, an expanding startup ecosystem, and strong revenue growth for companies in the sector. The momentum is set to continue this year on ward, a new report says.

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AlternativePayments Now Offers iDenfy for Merchant Identity Verification

AlternativePayments, a leading FinTech company and local payment solution provider based in Vilnius, Lithuania, and iDenfy, also based in Lithuania, announced the availability of iDenfy’s identity verification solution. Mindaugas Rizgelis, CEO of AlternativePayments, stated that this will ensure a smooth

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