Lithuania
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
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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
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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
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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
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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
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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
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Lithuanian Regtech Company Amlyze Secures $1M Pre-Seed Funding
AMLYZE, a Vilnius-based RegTech firm specializing in anti-financial crime solutions for FinTechs, neo-banks, and crypto businesses, has successfully concluded a $1 million pre-seed investment round. The round was led by Practica Capital, with participation from the Firstpick accelerator and venture
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What or Who is the GovTech Innovation Bank in Lithuania?
GovTech Innovation Bank is a pool of digital innovations – products, services – developed or planned to be launched by companies, startups, academia, or other innovation teams. Registered innovations will be presented to public sector organizations that plan to improve
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Lithuanian Fintech’s Growth Momentum Continued in 2022 Despite Market Conditions
Despite turbulent market conditions, the Lithuanian fintech sector demonstrated resilience in 2022, recording strong revenue growth and sustained startup funding activity, new data from Invest Lithuania, the country’s agency for foreign direct investment and business development, show. The Fintech Landscape
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Finnish Fintech Saldo Bank Launches Banking Operations in Lithuania and Plans Further Expansion
Fintech Fintech company Saldo Bank UAB has announced the launch of banking operations in Lithuania. Having built regulatory readiness after obtaining a specialised bank licence from the European Central Bank, Saldo Bank will introduce term deposits and continue providing loans
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