Lithuania
Vilnius Ranked as No. 1 City in Tech Startups
Financial Times’ fDi Intelligence division announced the list of 30 cities that have attracted the most greenfield Foreign Direct Investment (FDI) projects of tech startups per capita during the years 2016-2018. Vilnius was ranked as the leading city and outranked cities like Singapore, Tel
Read More
Bank of Lithuania in Final Sandbox Testing with IBM and Tieto for LBChain
The Bank of Lithuania has chosen IBM Polska and Tieto Lietuva, UAB to proceed to the next stage of its endeavour to create LBChain, a blockchain-based technological platform. The winner of the project will be revealed after the final testing
Read More
Bank of Lithuania Provides Recommendations on Raising Capital Through STOs
The Bank of Lithuania has issued the Guidelines on Security Token Offering (STO) which provide greater regulatory clarity and aim at higher investor protection. “The current focus on security token offerings is taking over the waning interest in initial coin
Read More
The Largest Fintech Conference in Northern Europe in Lithuania this November
European and global fintech companies, investors and everyone interested in the latest financial technology will turn their attention to Lithuania. Here the largest financial technology conference Fintech Inn in Northern Europe and the Baltic States will be held for the
Read More
Railsbank is Expanding its Vilnius Engineering Team
Railsbank, a London-based leading global open banking and RegTech platform that has opened an office in Vilnius in 2018 announces that it has raised $10m in a Series A funding round, led by Moneta Capital and joined by CreditEase, Clocktower
Read More
Paysera Introduces Google and Samsung Payments
From now on, Paysera VISA payment cards can be linked to Google Pay and Samsung Pay to purchase goods and services simply by holding a smart device to a contactless card reader. “Mobile payments are not a new thing –
Read More
Stripe Launches in the Baltic
Stripe officially launches its services in Estonia, Latvia and Lithuania helping internet businesses in these countries to start, grow, and scale their business globally and accept money from anywhere in the world. They also started their services in five other
Read More
Lithuania Issues 2 Electronic Money Institution Licence
The Board of the Bank of Lithuania issued two electronic money institution licences to SumUp and Goopal Pay, UAB. The licensed companies will be able to offer electronic money issuance (redemption) and certain payment services. Having secured the licence, SumUp
Read More
Vilnius Factoring Company to Issue €10 million in New Microloans with EU Support
Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking business funding opportunities
Read More
Real Estate Crowdfunding Startup From Lithuania Raises Over €5m
One year in the market, and the real estate investment start-up Profitus is already counting its achievements and envisaging future challenges. The crowdfunding platform Profitus just raised over €5,315,000 and funded 28 real estate projects. The founder and head of
Read More