ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Šiaulių Bankas aims to leverage Temenos’ tech to double its number of clients to one million by 2029.
The UK-based fintech says the hire marks its latest effort to “spearhead rapid global expansion”.
Lithuania’s ambitious journey in fintech and sustainability with vice minister of finance, Vaida Česnulevičiūtė Markevičienė.
The fine relates to alleged AML failings over a period between 2021 and 2022.
Bendras finansavimas, the operator of Savy, is expected to utilise all of Amlyze’s core modules.
The payment service provider is to deploy the regtech’s solutions to enhance its customer onboarding processes.
It is the fifth industry partnership for Amlyze this year and succeeds its $1 million pre-seed funding round in May.
SME Finance CEO says the agreement with EIF allows it to offer financing to businesses “on significantly better terms”.
UAB TransferGo Lithuania has already submitted a plan to the central bank to remedy the deficiencies.
With a presence in Lithuania, the company hopes to gain more business in the Baltic region.
The central bank says it took the decision due to “serious, systematic and multiple violations of legal acts”.
The latest funding brings the total committed from Fasanara to €240 million.
The Telegraph reports that Railsr’s Lithuanian subsidiary is being investigated by the country’s central bank.
The partnership will help Finora Bank manage fraud risks and gain insights into its financial operations.
Regnology will help the central bank transform its data management capabilities and regulatory reporting platform.
Founded in 2019, OKEO provides payment services and IBAN accounts for businesses in Europe.
The new offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics.
The funding will be used to double the size of its team and develop new products.
Kamienas joins from financial group SEB and will be tasked with expanding the company’s European footprint.
Grigaitytė joins from the Bank of Lithuania where she worked on payment system CENTROlink.
Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.
BENKER CEO sees the introduction of blockchain to banking as the beginning of a “New World Order”.
How Covery helped GlobalNetInt become one of the five most rapidly growing Lithuanian EMI institutions.
The deal is Signicat’s third acquisition this year and fourth in two years.
W1tty’s finance app is set to launch in Poland and Lithuania this autumn.
Vilnius has dubbed itself the “the G-spot of Europe” since 2018.
Estonian bank aims to optimise its liquidity and manage risk.
Baltic Amber Systems beat “several” competitors to the deal.
SumUp continues its acquisitive spree, buying its fourth firm since 2018.
Lithuanian firm plans availability across Europe by Q4 2021.
The firm is charged with backing Baltic enterprises through the COVID-19 pandemic.
Lithuanian central bank wants a more unified approach to innovation in the EU.
In December 2019, the digital challenger landed a specialised bank licence.
Some 4,000 digital LBCOINs will go on sale via the bank’s e-shop from 23 July.
Luminor has been working on centralising its IT systems.
The services will help develop APIs alongside evolving regulations.
Revolut says it also plans to roll out consumer lending services to the region.
ConnectPay, Interpaylink and Paysolut will all be part of the regtech sandbox.
As part of its newly devised strategy, Lithuania put several tools in place.