June 12, 2018 @ 8:03 am By JD Alois  |  

Lithuania has published a set of guidelines seeking to provide greater clarity for cryptocurrencies and initial coin offerings (ICOs). Vilius Šapoka, the Lithuanian Minister of Finance, wrote that his country has seen an ” explosion of ICOs and blockchain based projects.” This explosion has created… Read More

April 17, 2018 @ 3:34 pm By JD Alois  |  

Lithuania has announced the creation of “Virtual Limited Liability Companies” (VLLCs). These companies would be registered and managed all using blockchain technology. The Baltic country expects to be the first country to offer this type of service and it expects to allow VLLCs as soon… Read More

March 29, 2018 @ 10:46 am By Erin Hobey  |  

Progressive fashion line United Colors of Benetton in Lithuania has officially started accepting cryptocurrencies via CopPay, a Lithuanian-based multiсryptocurrency payment platform for businesses, consumers and community. CopPay’s international payment processing system aims to help store owners avoid losses due to the volatility of the exchange rate… Read More

February 8, 2018 @ 10:49 am By Samantha Hurst  |  

This week, Invest Lithuania released the Lithuania Fintech Report 2017, which revealed that a total of 117 fintech companies were operating in the country in 2017, with 35 of them being registered last year. According to Invest Lithuania, which is the co-author of the new report, the reasons… Read More

December 10, 2017 @ 8:00 pm By JD Alois  |  

LATTICE80 and Lithuania’s Agency for Science, Innovation and Technology (MITA) have parnered up on startup incubation. The largest Fintech hub in the world will help Lithuania accelerate growth of Fintech including AI, Blockchain and Cyber security. partner on startup incubation MITA was established on in… Read More

October 25, 2017 @ 3:29 pm By Therese Torris  |  

Two main topics of the 6th Annual Convention of the European Crowdfunding Network (ECN) on October 19th and 20th were technology innovation and cross-border finance. The discussions showed that alternative finance has only scratched the surface of its technological innovation’s potential ‒ the potential to… Read More

August 30, 2017 @ 1:30 pm By Samantha Hurst  |  

Lithuanian digital fintech solution platform, Bankera, announced on Tuesday it is planning to launch an upcoming pre-ICO round. The presale will reportedly take place on SpectroCoin. Launched earlier this year, the company, which calls itself a bank for the blockchain era, states its services include the following: Payment accounts… Read More

August 8, 2017 @ 3:28 pm By JD Alois  |  

  Lithuania is the latest country joining the Fintech revolution by recognizing the importance of fostering a regulatory environment that is conducive to change and challenges established norms. The Bank of Lithuania is out with a statement regarding the launch of a sponsored Fintech Sandbox…. Read More

May 9, 2017 @ 7:47 am By Erin Hobey  |  

Singapore-based Senjō Group, a leading privately-held payments platform operator and active Fintech investor, has successfully secured a Payment Institution (PI) license in Lithuania, according to news services. The company received permission from the Bank of Lithuania to acquire Lithuanian payment institution Finolita Unio, thereby gaining access to… Read More

April 7, 2017 @ 4:23 pm By Therese Torris  |  

  Jevgenijs Kazanins of Twino introduces the Baltic tech scene at EXEC Fintech in Berlin Those familiar with the European fintech sector may have wondered for some time about why the Baltic States, which are among the smallest countries of Europe, are producing so many… Read More

April 3, 2017 @ 8:29 am By Samantha Hurst  |  

Nordic peer-to-peer lending platform for property loans, EstateGuru, announced on Monday it launched in the Lithuanian market and funded its first investment in the area last month. The online lender claimed that the launch makes it the only platform to facilitate property-backed businesses loans in… Read More

April 2, 2017 @ 8:02 am By JD Alois  |  

  After several years of hosting their annual conference in Paris for several years, the European Crowdfunding Network (ECN) has moved locations for the event to Vilnius the capital of Lithuania. The Baltic region has been boosting its entrepreneurial credibility during the past several years… Read More

March 21, 2017 @ 7:47 am By JD Alois  |  

UK based Madiston has shared that FinBee, the first licensed peer to peer lender for SMEs in Lithuania, has launched using Madiston tech. FinBee has already been in operation providing consumer loans using the Madiston platform. The company is extending the arrangement to move into… Read More

November 3, 2016 @ 8:34 am By JD Alois  |  

The Republic of Lithuania has just announced updated regulations designed to facilitate the growth of investment crowdfunding. Vytautas Šenavičius, a partner at the law firm of TVINS and Chairman of the Board of Lithuanian Crowdfunding and P2P Lending Association, told Crowdfund Insider; “Today the Parliament… Read More

September 20, 2016 @ 6:05 am By Erin Hobey  |  

BLender, the Israel-based P2P lending platform, announced the first milestone in its global expansion, opening new offices in Milan, Italy, and Vilnius, Lithuania to serve customers in Italy and the Baltic region. “Offering multi-national P2P lending has been our vision since BLender’s establishment,” BLender CEO… Read More

January 21, 2016 @ 6:02 am By Erin Hobey  |  

Capitalia, represented in NASDAQ Riga stock exchange, is the leading alternative financing provider for small and medium enterprises in Latvia and Lithuania.  This January Capitalia  obtained necessary permits to broaden its services to the Estonian market. Citing the current financial conditions that cause banks to be more cautious when financing… Read More

October 19, 2015 @ 7:05 am By JD Alois  |  

Madiston LendLoanInvest is entering the Lithuanian market having partnered with Finbee on a joint venture to offer peer to peer lending services.  Madison has provided Finbee with its lending software and has become a shareholder in the company. This is the second P2P lender to… Read More

August 20, 2015 @ 12:48 pm By Erin Hobey  |  

Last week, CEO Laimonas Noreika led the launch of Finbee, the second peer-to-peer lending platform to launch in Lithuania.  Lithuanian and British-owned, Finbee opened its P2P lending service to international investors today. Lithuania is a country that is aggressively courting businesses as a country that is… Read More

May 21, 2015 @ 10:33 am By Erin Hobey  |  

The Latvian P2P lending marketplace Mintos announced its both its expansion and new offering of  P2P loans, secured by cars as collateral to borrowers in Lithuania,  the third country Mintos operates in addition to Latvia and Estonia. Mintos is open to international investors from Europe.  The platform’s website… Read More