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    Lithuanian Fintech PayRay Throws Its Doors Open as a New Commercial Bank
    Lithuania

    Lithuanian Fintech PayRay Throws Its Doors Open as a New Commercial Bank

    Fintechnews BalticOctober 15, 2020

    PayRay, a Lithuanian fintech company, has now launched its banking operations after securing a banking license from the European Central…

    TietoEVRY and Zwipe join forces to deliver biometric payments to banks in the Nordic and Baltic regions
    Baltic Nordics

    A Biometric Payment for Nordic and Baltic Banks

    Fintechnews BalticOctober 9, 2020

    Norway-based biometric fintech Zwipe and TietoEVRY, a provider of software and digital banking services in the Nordics, have agreed to…

    Elina Räsänen joins Xolo as Chief Marketing Officer
    Estonia

    Holvi Marketing VP Joins Xolo

    Fintechnews BalticOctober 6, 2020

    Xolo, announced the appointment of Elina Räsänen as their new Chief Marketing Officer starting from November, 2020. The Estonian-based company…

    Payment Radar of Latvijas Banka- the COVID-19 pandemic changes payment habits
    Latvia

    Bank of Latvia’s Report Revealed Changes in Consumer Payment Habits Post COVID-19

    Fintechnews BalticOctober 2, 2020

    The September edition of the “Payment Radar” by the Bank of Latvia revealed that the COVID-19 and related restrictive measures…

    Public private partnership as a vitamin boost for an enhanced AML system More: https://www.lb.lt/en/news/public-private-partnership-as-a-vitamin-boost-for-an-enhanced-aml-system
    Lithuania

    Bank of Lithuania Seeking to Improve AML Framework With Fintech Partnerships

    Fintechnews BalticOctober 2, 2020

    The Bank of Lithuania, together with ACAMS Baltics Chapter, Fintech Hub LT and the Association of Lithuanian Banks, organised a…

    Fintech Paysera Starts Trading Physical Gold
    Lithuania

    Paysera Switches up to Trade in Physical Gold

    Fintechnews BalticSeptember 28, 2020

    Lithuanian payment processor Paysera announced that the company has started trading in physical gold, actual bars and coins rather than…

    Electronic Money and Payment Institutions Managed to Withstand the Shock of COVID-19
    Lithuania

    Bank of Lithuania Reports Digital Payments Pace Accelerating Despite COVID-19

    Fintechnews BalticSeptember 28, 2020

    In the first half of 2020, the number of payment transactions and income of electronic money and payment institutions (EMIs/PIs)…

    EstateGuru Announces Key Appointments in Latvian Region
    Latvia

    EstateGuru Announces Key Appointments in Latvia

    Company AnnouncementSeptember 23, 2020

    EstateGuru, a cross-border marketplace for short-term property backed SME loans, has announced a series of executive appointments in line with…

    Klarna announces $650M funding round to further accelerate global growth
    Nordics

    Klarna Becomes Highest-Valued Fintech Unicorn in Europe At $10.65 Billion Valuation

    Fintechnews BalticSeptember 15, 2020

    Stockholm based Fintech Klarna became the highest-valued private fintech in Europe after raising US$650 million in a funding round, at…

    Fintech company Factris has closed a new EUR 50m secured financing agreement with asset manager NN Investment Partners
    Lithuania

    Invoice Factory Fintech Factris Closes EUR 50M Secured Financing Agreement

    Fintechnews BalticSeptember 10, 2020

    Fintech company Factris has closed a new EUR 50 million secured financing agreement with asset manager NN Investment Partners (NN…

    Establishing a ‘Sustainable Fintech Bridge’ Between Singapore and Denmark
    Denmark Nordics

    UN Agencies Partners With Denmark to Leverage on Singapore’s Fintech Hub

    Fintechnews BalticAugust 27, 2020

    Multiple UN agencies have joined hands with Copenhagen Fintech to bring Nordic fintech startups to Singapore to promote the exchange of…

    Bank of Lithuania urges electronic money and payment institutions to comply with capital requirements
    Lithuania

    Bank of Lithuania Urges Electronic Money Institutions to Comply With Capital Requirements

    Fintechnews BalticAugust 27, 2020

    The Bank of Lithuania urges electronic money and payment institutions (EMIs/PIs) to adhere to the established laws and capital requirements…

    Voi: First Bonus Miles E-Scooter Credit Card for Europe
    Sweden

    Voi: First Bonus Miles E-Scooter Credit Card for Europe

    Company AnnouncementAugust 26, 2020

    Swedish e-scooter rental company Voi is now offering its own Mastercard credit card issued by Advanzia Bank as part of…

    The 20 Biggest Fintech Startups and Companies in Finland in 2020
    Finland

    The 20 Biggest Fintech Startups and Companies in Finland in 2020

    Fintechnews BalticAugust 14, 2020

    Fintech Farm Helsinki came up with an updated listing of the largest fintech companies in Finland based on the recently…

    Announcing the Top 10 Finalists of Latitude59 Pitching Competition
    Estonia

    Latitude59’s Pitching Competition Finalists Lack Fintech Representation

    Fintechnews BalticAugust 11, 2020

    Latitude59 x EstBAN Pitching Competition’s pre-finals took place last week with over 50 early-stage startups competing for the chance to pitch in…

    A Quick Guide to Estonia’s Crypto License and New Requirements
    Estonia

    A Quick Guide to Estonia’s Crypto License and New Requirements

    Fintechnews BalticAugust 7, 2020

    In 2017, Estonia became amongst the first countries in Europe to provide a legal framework for business activities involving virtual…

    Latvia Fintech Map 2020
    Latvia

    Swedbank Releases Latvia Fintech Report 2020

    Fintechnews BalticJuly 30, 2020

    The finance industry in Latvia in general, and it’s capital Riga in particular, has been traditionally strong. Financial services have…

    Lithuania

    Bankera Starts Offering Business Loans for Digital SMEs

    Fintechnews BalticJuly 29, 2020

    Bankera, a Lithuanian fintech startup, has started to offer business loans for small and medium-sized enterprises (SMEs). The model for…

    Bank of Lithuania Issues LBCoin – the World’s First Digital Collector Coin
    Lithuania

    Bank of Lithuania Issues LBCOIN– the World’s First Digital Collector Coin

    Company AnnouncementJuly 23, 2020

    Today the Bank of Lithuania issued its digital collector coin LBCOIN. Tthis is not only the first digital coin issued…

    The World's First Blockchain-based Digital Collector Coin Buyers will be Identified Using Artificial Intelligence
    Lithuania

    An AI-Based Biometrics KYC Verification To Purchase Central Bank’s Digital Coin

    Fintechnews BalticJuly 23, 2020

    iDenfy announced a partnership with the Bank of Lithuania to offer digital coin buyers a convenient ID verification process based…

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