Lithuania

kevin. raises $65m in Series A

Payments infrastructure start-up kevin. secures $65m Series A funding

The funding will be used to double the size of its team and develop new products.

SH Payments

SH Payments hires Irmantas Kamienas as new CEO to drive European expansion

Kamienas joins from financial group SEB and will be tasked with expanding the company’s European footprint.

Lithuania’s Fintech HUB LT appoints new board and chairwoman, Asta Grigaitytė

Grigaitytė joins from the Bank of Lithuania where she worked on payment system CENTROlink.

Paysera appoints new CEO, awaits banking licence

Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.

EU’s first blockchain financial institution BENKER receives EMI licence

BENKER CEO sees the introduction of blockchain to banking as the beginning of a “New World Order”.

Case study: Covery helps GlobalNetInt automate transaction monitoring

How Covery helped GlobalNetInt become one of the five most rapidly growing Lithuanian EMI institutions.

Signicat acquires e-signature firm Dokobit

The deal is Signicat’s third acquisition this year and fourth in two years.

w1tty

Former EU commissioner joins fintech start-up W1tty ahead of planned launch

W1tty’s finance app is set to launch in Poland and Lithuania this autumn.

Launchpad Capital unveils $35m fund with Lithuanian fintech focus

Vilnius has dubbed itself the “the G-spot of Europe” since 2018.

Luminor Bank selects FIS Ambit Focus for risk management

Estonian bank aims to optimise its liquidity and manage risk.

Lithuanian fintech SH Payments picks Nano as new core system

Baltic Amber Systems beat “several” competitors to the deal.

SumUp acquires Lithuanian core banking firm Paysolut

SumUp continues its acquisitive spree, buying its fourth firm since 2018.

Lithuanian paytech kevin. raises €1.5m in seed funding

Lithuanian firm plans availability across Europe by Q4 2021.

European Investment Bank invests $80m in Lithuania’s SME Finance

The firm is charged with backing Baltic enterprises through the COVID-19 pandemic.

Bank of Lithuania calls for parity in EU digitalisation

Lithuanian central bank wants a more unified approach to innovation in the EU.

Web browser Opera to buy digital challenger Fjord Bank

In December 2019, the digital challenger landed a specialised bank licence.

Lithuania’s central bank launches e-shop for digital collector coins

Some 4,000 digital LBCOINs will go on sale via the bank’s e-shop from 23 July.

Baltic bank Luminor signs on FA Solutions to simplify cross-border ops

Luminor has been working on centralising its IT systems.

OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services

The services will help develop APIs alongside evolving regulations.

Revolut launches deposit-insured bank in Lithuania

Revolut says it also plans to roll out consumer lending services to the region.

Bank of Lithuania opens up reporting API tests to three local fintechs

ConnectPay, Interpaylink and Paysolut will all be part of the regtech sandbox.

Why has Lithuania become a key destination for licensing in Europe?

As part of its newly devised strategy, Lithuania put several tools in place.

Bank of Lithuania pits IBM against Tieto for new blockchain project

Two technology firms go head to head in final sandbox stage.

How to thrive in an ever changing market, a conversation with the COO of Qualco

Spyros Retzekas, COO at Qualco says agility is the key.

Thought Machine deploys Vault core platform at SEB innovation hub

SEB’s studio set to experiment with cloud-based core system

Lithuania seeks to attract more fintech firms

Thought leaders in Vilnius wish to increase their C-suite intake.

EBRD partners with Swedbank to boost Lithuanian start-ups

The new innovation hub will focus on fintechs.

Evarvest prepares new type of stock trading app

Inspired by social media apps, for ease of use.

Swedbank to acquire Vilnius’ Barclays Operations Centre in Lithuania

Banks are planning to complete this transaction by 1 July 2019.

Europe’s dance of fintech hubs

As a strong and united ecosystem, the European fintech scene can finally discover its true potential.

Ibanera signs for iSignthis banking and payment tech

iSignthis’ subsidiaries Probanx and BSS will provide CorePlus and CoreConnect systems.

Factris has X factor for Lithuanian expansion

Its investment plans follow on from Debifo acquisition last month.

iSignthis muscles into Lithuania’s paytech space with BBS acquisition

iSignthis will pay €150,000 upfront for BBS (half in cash and half in issued shares) and then a further earn-out fee.

Announcing Genome beta launch at White Nights Berlin 2019

Genome opens for public beta in Berlin on 12 February 2019 introducing a unified finance ecosystem like no other.

Licence lust lets Lithuania’s fintech sector soar

Sector expanded by 45% in 2018 as Google and Revolut were awarded licences.

Factris acquires Lithuanian lendtech Debifo

As it makes its way through Europe.

Google gets e-money licence in Lithuania

The Bank of Lithuania keeps boosting its fintech ecosystem.