Lithuania
Lithuanian Payments Firm kevin. Secured US$10 Million in Seed Funding
Lithuanian payments startup kevin. announced that it has has secured US$10 million of new capital in a seed funding round, bringing its total funds raised to US$14 million. The funding round was co-led by OTB Ventures and Speedinvest, European venture
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Luminor Bank Partners Ondato for Remote Opening of Business Accounts in Latvia
Luminor Bank has partnered with Ondato, a Lithuanian provider of compliance-as-a-service, to allow companies to remotely open business accounts at the bank in Latvia. Ondato’s identification platforms will enable Luminor’s business customers to open a new account from anywhere in
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Lithuania Issues Peer-To-Peer Insurance Guidelines
Bank of Lithuania published the peer-to-peer (P2P) insurance guidelines, which present its assessments, insights and recommendations on InsurTech financial innovations to the financial market, potential providers of P2P insurance services and consumers. “The purpose of the guidelines is to promote
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Lithuania’s 5th Edition Fintech Inn Set to Kick off This Week
The international Fintech Inn 2021 is organised by Lithuania’s Agency for Science, Innovation and Technology (MITA) is back on 21-22 October 2021 in a fully virtual format. The event aims to bring together 250+ enterprises and start-ups, as well as
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Money Transfer Startup TransferGo Secured US$50 Million in Series C Fundraise
TransferGo announced that it has secured US$50 million during a Series C funding round, bringing its total funds raised to US$77 million so far. The funding round was led by Elbrus Capital Fund III and Black River Ventures and joined
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SME Finance Raises EUR 120 Million Investment From UK Fund
Lithuanian fintech SME Finance announced that it has raised a 120 million euro investment from an alternative asset management company in the United Kingdom. The company is planning to increase its loan portfolio to 200 million euros this year with
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Digital Identity Firm Signicat Acquires Lithuania’s Dokobit for Eastern Europe Push
Norwegian digital identity company Signicat has acquired Dokobit, a Lithuanian electronic authentication solutions provider with a presence in Estonia, Latvia and Iceland, for an undisclosed sum. This marks the third acquisition by Signicat following that of Encap Security, a Norwegian
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London Fintech Curve Appoints CEO and Head of Lithuania To Drive Growth in Europe
Curve, a London-based fintech that allows consumers to store their payment cards in a single location, announced the appointment of Renata Sumskaite as CEO and Head of Curve Lithuania, in a move that cements its growth strategy from an EU-licensed
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Lithuania’s Paysera Gets Green Light to Operate in Ukraine
The National Bank of Ukraine has given the green signal to Lithuania-based fintech startup Paysera to operate in the country. Paysera has been included in the country’s Register of Payment Systems and after technological arrangements, it will offer money transfers
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Bank of Lithuania Warns Binance for Unlicensed Services, Misleading the Public
The Bank of Lithuania has warned a virtual currency exchange operator Binance about its unlicensed investment services provided in Lithuania and ordered the company to ensure that its publicly available information is not misleading. The Bank of Lithuania has also
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