Lithuania

Fintech Week Lithuania Overview: 5 Insights from Keynote-Speakers

This year the Fintech Week Lithuania took place online, and it still managed to provide a solid discussion platform for experts from all over the world. And the discussion was necessary, as the banking industry, as well as the global

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Winners of Lithuanian Fintech Awards

Fintech Week Lithuania yesterday announced the 2020 winners of the first-ever Lithuanian Fintech Awards. The awards recognise the success stories of the past year across numerous areas in fintech, including payments, lending & investing, KYC and analytics. The awards were

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SWG Launching 4th Fintech Focused Accelerator Program in Vilnius

The European Bank for Reconstruction and Development (EBRD) becomes partners of Startup Wise Guys (SWG) fourth Fintech accelerator program starting in autumn 2020 in Vilnius, Lithuania. This program provides investment of up to 100K EUR and an up to 5

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Bank of Lithuania’s Digital Collector Coin Has Entered Its Final Phase

The world’s first blockchain-based digital collector coin (LBCOIN) created by the Bank of Lithuania as well as its e-shop have entered the final testing phase. Upon its successful completion, the digital coin should be issued by July 2020. “LBCOIN is

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Fintech Week Lithuania Goes Online

Fintech Inn, the largest Fintech conference in the Baltic region, has been postponed to 28-29 April 2021 due to the Covid-19 pandemic. However, the organisers have come up with an online alternative this summer. Fintech Week Lithuania, taking place on

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Covid-Support: Genome Is Waiving Service Fees for All Low-Risk Businesses

Genome, a Lithuanian fintech company that operates as a financial ecosystem for personal and business use announced that it is showing support for all businesses that will struggle with the retailing of physical goods while switching to e-commerce. For all

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Revolut Bank Launches in Lithuania

Four years ago, Revolut set out to build a new kind of bank. The kind of bank that solves your problems and treats you fairly. And starting today, Revolut takes the first step as they launch Revolut Bank to their

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Lithuania Has More Than 1000 Startups

Today, the Lithuanian startup ecosystem, which has been demonstrating rapid development rates for some time and can boast of successful results. According to the “Startup Lithuania” database, the number of innovative businesses registered in Lithuania already reached 1021. The number

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Revocation of Bruc Bond, UAB Payment Licence for Serious Violations of National Legislation

The Board of the Bank of Lithuania has revoked the payment institution licence held by Bruc Bond, UAB (formerly UAB Moneta International). Such a decision has been taken in view of non-compliance with the requirements pertaining to its existing licence

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Revolut Transferring Business Customers to Lithuanian Entity

You might have seen some updates from Revolut about account migration to their new European license. Revolut’s intention is to make sure that the client experience isn’t interrupted and that Revolut can be used normal. So that Revolut is fully

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