Tag "SME Finance"
Lithuania’s SME Finance Expands its Footprint to Finland
Lithuanian financing platform SME Finance has opened for business in Finland to provide loans to smaller businesses, including those with trading histories of under two years. Finland has a highly concentrated banking sector, with the top three banks controlling 80%
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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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Lithuanian Neobank SME Finance Reported 57% Revenue Increase In 2020
Lithuanian-based neobank SME Finance has reported that it chalked up fiscal revenues of EUR 7.7 million in 2020, which showed a 57% increase from the previous fiscal year. The neobank said that its growth was driven primarily by a significant
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SME Finance Receives EUR 80 Million Funding From European Investment Bank
The European Investment Bank (EIB) has backed Lithuanian-based neobank, SME Finance, with a funding of EUR 80 million. It is said to be the largest investment awarded by EIB to a fintech lender. SME Finance had announced their intentions of
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SME Finance Plans to Launch Neobank in Lithuania
Lithuanian fintech startup SME Finance is planning to launch a neobank targeting small and medium-sized enterprises in mid-2021. The bank will only be operating online via a mobile app, providing financial services such as loans, transfers and deposits. Mindaugas Mikalajūnas,
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