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    lithuania fintech industry 2020
    Lithuania

    Lithuania’s Fintech Industry in 2020: Review of This Year’s Key Developments

    Fintechnews BalticDecember 23, 2020

    Lithuania’s fintech ecosystem continued to grow in 2020 on the back of government-led initiatives, favorable regulations, and booming digital finance…

    Fast-Growing, Promising Fintech Startups in Baltics
    Various

    2020 Baltic Startup Scene Report Names 11 Fast-Growing, Promising Fintech Startups

    Fintechnews BalticDecember 21, 2020

    Startup Wise Guys and EIT Digital have released their annual Baltic Startup Scene report, outlining the state of the Baltic…

    Lithuanian E-Money Transactions Skyrocket in 2020
    Lithuania

    Lithuanian E-Money Transactions Skyrocket in 2020

    Fintechnews BalticDecember 16, 2020

    Over the first three quarters of 2020, the total number of payment transactions as well as income of electronic money…

    Tink Closes €85 Million Investment Round Extension to Further Fuel Expansion
    Sweden

    Swedish Open Banking Platform Tink Raises Its Valuation to €680 Million

    Fintechnews BalticDecember 14, 2020

    European open banking platform Tink announced it has raised €85 million during an investment round extension, following its €90 million…

    IDEMIA and Rocker partner to offer F.CODE the first biometric card in Sweden
    Sweden

    Swedish Challenger Bank Rocker to Pilot Biometric Card in 2021

    Fintechnews BalticDecember 10, 2020

    In collaboration with IDEMIA, an augmented identification provider, Swedish bank challenger Rocker plans to launch a pilot for debit cards…

    Finnish Startup Rundit Raises €1 Million in Seed Funding
    Finland

    Finnish Wealthtech Rundit Raises €1 Million in Seed Funding

    Fintechnews BalticDecember 9, 2020

    Finland-based startup Rundit, a platform for portfolio management and monitoring, has raised € 1 million in seed funding. The round…

    Swedbank and Meniga Launch Next-Generation Digital Banking Solution to Drive Customer Engagement Through Data Discovery and Improved User Experience
    Nordics

    Swedbank Joins Forces With Meniga to Offer Personalised Banking Services

    Fintechnews BalticDecember 8, 2020

    Meniga, an Iceland based AI-driven digital banking solutions provider, has partnered with Swedbank to launch new services to increase customer engagement.…

    Sberbank, 500 Startups Accelerator Accepts International Entries for its 3rd Batch
    Various

    Sberbank, 500 Startups Accelerator Accepts International Entries for its 3rd Batch

    Fintechnews BalticDecember 7, 2020

    Sberbank, state-owned Russian banking and financial services company, and 500 Startups, early-stage venture fund and seed accelerator, now accepts international…

    Nasdaq Strengthens its Footprint in Vilnius
    Lithuania

    Nasdaq Set to Bolster Its Presence in Lithuania With 100 New Tech Jobs

    Fintechnews BalticDecember 3, 2020

    Nasdaq will expand its footprint in Lithuania by adding up to 100 new technology job at its Vilnius office through…

    European Central Bank Grants Sixth Specialised Bank License to Crius LT, UAB
    Lithuania

    European Central Bank Grants Sixth Specialised Bank License to Crius LT, UAB

    Fintechnews BalticDecember 3, 2020

    The European Central Bank (ECB) granted its sixth specialised bank license to Crius LT, UAB following the assessment and proposal…

    MUFG Investor Services Fintech Limited Plans to Establish a Lithuanian Office
    Lithuania

    MUFG Investor Services Fintech Limited Plans to Establish a Lithuanian Office

    Fintechnews BalticNovember 30, 2020

    MUFG Investor Services FinTech Limited has announced its plans to open a representative office in Lithuania, it’s first office in…

    Bank of Lithuania Grants Electronic Money Licenses to Two UK Companies
    Lithuania

    Bank of Lithuania Grants Electronic Money Licenses to Two UK Companies

    Fintechnews BalticNovember 20, 2020

    The Bank of Lithuania issued electronic money institution licenses to UK companies FIDELIS EUROPE, UAB, and DiPocket, UAB. This authorises…

    10 Latvian Startups to Watch Out for
    Latvia

    2 Fintechs Featured on TechChills’ Top 10 Latvian Startups to Watch Out For

    Fintechnews BalticNovember 13, 2020

    TechChill, a non-profit organisation fostering the Latvian and Baltic startup ecosystem, has singled out ten up-and-coming startups that we should…

    SME Finance Receives EUR 80 Million Funding From European Investment Bank
    Lithuania

    SME Finance Receives EUR 80 Million Funding From European Investment Bank

    Fintechnews BalticNovember 11, 2020

    The European Investment Bank (EIB) has backed Lithuanian-based neobank, SME Finance, with a funding of EUR 80 million. It is…

    Amazon.se Launches in Sweden
    Nordics Sweden

    Amazon Expands Its Footprint to Sweden, Part of Its Europe Expansion Plan

    Fintechnews BalticNovember 3, 2020

    Amazon has launched its first Nordic online store with the domain name of Amzon.se as part of its expansion plan…

    Finland turns billboards into disinfectant terminals for mobile phones
    Finland Nordics

    Finland Billboards Now Double as Disinfectant Terminals for Mobile Phones

    Fintechnews BalticOctober 29, 2020

    Nordic health company Terveystalo has turned billboards into disinfectant terminals that can supposedly clean a phone in only 15 seconds…

    Curve Europe, UAB Gets the Green Light for Electronic Money Institution License
    Lithuania

    Curve Europe UAB Gets the Green Light for E-Money License in Lithuania

    Fintechnews BalticOctober 27, 2020

    The Board of the Bank of Lithuania has granted an electronic money institution license to Curve Europe UAB, a subsidiary…

    Estonian Virtual Cyber Security Hackathon Launched By Garage48 Announces Winners
    Estonia

    Estonian Virtual Cyber Security Hackathon Announces Winners

    Fintechnews BalticOctober 27, 2020

    Estonian startup Garage48 has concluded its 4th Cyber Security Hackathon on the 23rd to 25th of October, announcing the list…

    Lithuanian PayRay Expands Its Footprint to Latvia
    Latvia

    Lithuanian PayRay Expands Its Footprint to Latvia

    Fintechnews BalticOctober 23, 2020

    PayRay Bank has continued its planned expansion and has started operations in Latvia. Factoring services and loans are already being…

    SME Finance Plans to Launch Neobank in Lithuania
    Lithuania Virtual Banking

    SME Finance Plans to Launch Neobank in Lithuania

    Fintechnews BalticOctober 22, 2020

    Lithuanian fintech startup SME Finance is planning to launch a neobank targeting small and medium-sized enterprises in mid-2021. The bank…

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