Lithuania news and trends

Baltics Accelerate Real-Time Adoption Amid Faster Payment Headwinds in Europe
Real-Time Payments // March 05, 2023

The Baltic region, with a population of over 6 million, has grown into a thriving FinTech hot spot in Europe and a regional frontrunner in digital payments adoption. And when it comes to real-time payments, countries in the region were among the first to join...

EU Crypto Exchanges Capitalize on Post-FTX Uncertainty to Attract Users
Cryptocurrency // January 12, 2023

The EU cryptocurrency ecosystem has welcomed two new cryptocurrency exchanges this month. Following the sector’s renewed focus on risk management after the spectacular collapse of FTX in November, VoltCoins and Finst both announced their launch earlier this week, affirming their commitment to security and accountability....

Report: Lithuanian Apparel Resale Site Vinted Aims for US After Dominating Europe
Retail // November 28, 2022

The fastest growing apparel reseller in Europe is looking to bring its game to the U.S. market. This, as Vinted is expanding beyond its base in Lithuania, after successfully building out its brand across several of Europe’s largest markets where it has quietly become the...

FinTech Banks Fill SME Funding Gap Created by Russia-Ukraine Conflict
Digital Banking // August 22, 2022

In the post-Brexit scramble to maintain their European footholds and take advantage of European passporting rules, a slew of U.K. businesses turned to FinTech-friendly Lithuania, catapulting the small Baltic state and its capital city, Vilnius, into a leadership position on Europe’s FinTech scene. Read more:...

Interviews & Exclusives
FinTech Banks Fill SME Funding Gap Created by Russia-Ukraine Conflict

August 22, 2022
In the post-Brexit scramble to maintain their European footholds and take advantage of European passporting rules, a slew of U.K. businesses turned to FinTech-friendly Lithuania, catapulting the small Baltic state and its capital city, Vilnius, into a leadership position on Europe’s FinTech scene. Read more: As Brexit Looms, FinTech Firms Scramble For Lithuanian Licenses According […]

Quick Reads
UK-Based Embedded Finance Platform Railsr Sold to Consortium

March 09, 2023
Railsr, formerly known as Railsbank, has been sold to a consortium of global investors. The change of control of the embedded finance platform has been approved by the United Kingdom’s Financial Conduct Authority (FCA), so Railsr’s customers and end-users will see business continuity, Railsr said in a Thursday (March 9) press release. “A huge number […]

Report: Lithuanian Apparel Resale Site Vinted Aims for US After Dominating Europe

November 28, 2022
The fastest growing apparel reseller in Europe is looking to bring its game to the U.S. market. This, as Vinted is expanding beyond its base in Lithuania, after successfully building...

Lithuanian FinTech kevin Nets $65M for A2A Infrastructure

May 04, 2022
Lithuanian fintech kevin., which provides an A2A payment infrastructure intended to replace card transactions, has gotten Series A funding for $65 million, a report says. The funding comes after the...

As Brexit Looms, FinTech Firms Scramble For Lithuanian Licenses

February 08, 2019
With Britain set to leave the European Union on March 29, financial companies from Britain and elsewhere are scrambling to secure electronic money institution licenses in FinTech-friendly Lithuania to make...