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    Estonia

    Estonian Verification Startup Closes $100M Series C Funding Round

    Company AnnouncementJanuary 27, 2022

    Veriff announced that they have raised $100M in Series C financing, co-led by Tiger Global and Alkeon, joined by existing…

    BENKER to Launch as Europe’s First Officially Licensed Blockchain Neobank
    Lithuania

    Lithuania’s BENKER Set to Launch as Europe’s First Licensed Blockchain Neobank

    Fintechnews BalticJanuary 26, 2022

    BENKER, developed by BEM Europe that is headquartered in Lithuania, has been officially licensed to be what has been touted…

    Bolt Secures €628m Funding in the Largest Investment Round to Date
    Estonia

    Bolt Secures €628M Record-Funding- Valuation €7.4B

    Company AnnouncementJanuary 11, 2022

    Bolt announced the closing of their latest €628M round of funding — the largest to date. The investment round was…

    10 Reasons to Work and Start a Business in Lithuania’s Capital
    Lithuania

    10 Reasons to Work and Start a Business in Vilnius

    Fintechnews BalticJanuary 3, 2022

    As businesses become more global, companies planning to relocate or expand are looking for cities that are attractive both for…

    Estonia

    Zurich Insurance Group to Acquire Estonia’s AI Firm AlphaChat

    Fintechnews BalticDecember 20, 2021

    Zurich Insurance Group has agreed to acquire Estonia-based conversational AI company AlphaChat. AlphaChat’s customer service automation technology will help to…

    Revolut Granted Banking License by Bank of Lithuania
    Lithuania

    Revolut Granted Lithuanian Banking License by the European Central Bank

    Fintechnews BalticDecember 17, 2021

    Revolut has received a banking license issued by the European Central Bank, following a proposal by the Lithuanian central bank.…

    Estonian Investment Marketplace Raison Valued at $11.5m After Seed Funding
    Estonia

    Estonian Investment Marketplace Raison Valued at US$11.5 Million After Seed Funding

    Fintechnews BalticDecember 17, 2021

    Estonia-based late venture investment marketplace Raison has secured US$900,000 in a seed funding round. The round values the company at…

    E-Payment Transactions in Lithuania Grew to EUR157.6 Billion in Q3
    Lithuania

    E-Payment Transactions in Lithuania Grew to EUR157.6 Billion in Q3

    Fintechnews BalticDecember 16, 2021

    The value of payment transactions by electronic money and payment institutions in Lithuania grew 6.3x year on year, and their…

    B2B spend management startup Pleo extends Series C by US$200 million
    Denmark Nordics

    Spend Management Startup Pleo Extends Series C With Additional US$200 Million

    Fintechnews BalticDecember 13, 2021

    Denmark-based B2B spend management service Pleo has raised US$200 million in a Series C extension round. It now brings the…

    Denmark Finland Nordics Sweden

    The Biggest Fintech Funding Rounds of 2021 in the Nordics

    Fintechnews BalticDecember 10, 2021

    The fintech industry in the Nordic region, which comprises Denmark, Finland, Iceland, Norway and Sweden, saw strong funding growth in…

    CaaS platform Enfuce picks up EUR45m to drive global growth
    Finland Nordics

    Finnish Card Issuer Enfuce Picks Up EUR 45 Million to Drive Global Growth

    Fintechnews BalticDecember 6, 2021

    European Card-as-a-Service (CaaS) platform Enfuce has raised EUR45 million in a Series C round. The round was led by growth…

    Lithuania

    E-Money Institutions Leads Lithuania’s Booming Fintech Sector

    Fintechnews BalticNovember 29, 2021

    Fintech companies in Lithuania are among the best and fastest adapters to the Covid-19 pandemic. Fintech Hub LT statistics show…

    Bank of Lithuania Continues Digital Euro Experiments by Engaging Market Participants
    Lithuania

    Bank of Lithuania Continues Digital Euro Experiments

    Company AnnouncementNovember 26, 2021

    The Bank of Lithuania invites payment market participants and technology companies to participate in an experiment and together develop a…

    Lithuania

    Multi-Cloud Security Firm vArmour Sets up Development Center in Lithuania

    Fintechnews BalticNovember 23, 2021

    vArmour, a provider of application relationship management software, has just announced the establishment of their latest development center in Vilnius,…

    SME Bank Backed by the EU to Offer €100 Million in Financing for Lithuanian SMEs
    Lithuania

    SME Bank Backed by the EU to Offer €100 Million in Financing for Lithuanian SMEs

    Fintechnews BalticNovember 23, 2021

    Lithuanian financial intermediary SME Bank has signed a guarantee agreement with the European Investment Fund (EIF) to support local small…

    Estonia

    Estonian Bank LHV Offers Crypto Trading on Its App

    Fintechnews BalticNovember 23, 2021

    Estonian banking and financial services company LHV announced that its customers are now able to trade major crypto assets on…

    Lithuanian Startup Okredo Raises €1 Million Ahead of EU’s Open Data Directive Launch
    Lithuania

    Lithuanian Startup Okredo Raises €1 Million Ahead of EU’s Open Data Directive Launch

    Fintechnews BalticNovember 19, 2021

    Open data startup Okredo has closed a €1 million seed funding round led by the Lithuanian Business Angels Fund and…

    Lithuania

    InRento Scales Abroad With Spain Expansion and Buys Estonia’s BitOfProperty

    Fintechnews BalticNovember 17, 2021

    Lithuania’s buy-to-let crowdfunding platform InRento is scaling abroad by expanding its operation to Spain and acquiring Estonian real estate marketplace…

    Nordics Sweden

    IKEA Inks Partnership With Trustly to Enhance Global Payment Experience

    Fintechnews BalticNovember 16, 2021

    Trustly, a global payments platform for digital account-to-account transactions, has announced a partnership with IKEA. Through the partnership, Trustly will…

    Fintech Funding Stalls in the Baltics
    Baltic

    Fintech Funding Stalls in the Baltics

    Fintechnews BalticNovember 12, 2021

    Funding activity is stalling in the Baltics’ fintech sector as startups are failing to raise considerable rounds this year, data…

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