Tagged: lithuania

kevin., a Lithuanian Fintech, Celebrates $10M Seed Round

kevin., a Lithuanian Fintech startup providing payment infrastructure for online, mobile, and physical sales, has secured $10 million of new capital in a seed funding round. The investment, which brings the company’s total capital raised to $14 million, was co-led by OTB Ventures and Speedinvest,… Read More

Lithuania’s Financing Platform, Debitum, Will No Longer Offer Cubefunder Loans via their Platform

At the beginning of October 2021, Debitum, a Lithuania-based financing platform, had reportedly asked Cubefunder to repay all the invested amounts and earned interest to their investors. On October 8, 2021, all final payments “were made,” the Debitum team confirmed in a blog post. Therefore,… Read More

CreditOnline and EXE.Legal Say Lithuania May Emerge as European Crowdfunding Hub

This coming November, pan-European rules for investment crowdfunding will become actionable by platforms and issuers. Under the new rules, issuers may raise capital from across all European Union member states. Firms may raise up to €5 million. While these are EU rules, local nuances still… Read More

DelfinGroup, a Non-Bank Consumer Lender in Latvia, Launches its IPO on Nasdaq Riga Stock Exchange

DelfinGroup launched its initial public offering (IPO) of 8 395 000 new shares on the Nasdaq Riga stock exchange this past Tuesday (September 28, 2021), and the public offer prospectus has been released. DelfinGroup’s management noted that the offering is currently available to retail investors… Read More

Legal Entity of Debitum, a European Investment Platform, Receives Brokerage License from Latvia’s Financial and Capital Market Commission

The team at Lithuania-based Debitum, a borderless financing platform, says it’s proud to release asset-backed securities and enter the “regulated financial market.” As mentioned in a blog post by Debitum, dated September 23, 2021,  the company will now be able to continue the journey to… Read More

Kernolab Raises $1 Million Pre-Seed Round Led by Lighthouse Ventures

Kernolab, a firm that seeks to provide embedded finance services as a turnkey solution, has raised $1 million in Pre-Seed Round funding led by Lighthouse Ventures. Startup Wise Guys also joined in the early funding. Kernolab wants to become the bridge between Fintech and non-finance… Read More

Lithuania based Debitum, a Borderless Financing Platform, Shares Latest Financial Report

The team at Lithuania’s Debitum, a borderless financing platform, has shared important information for their investors, the company’s Financial report Q2, 2021. As noted in a blog post by Debitum, the document presents the financial and business performance of the SIA DN Operator (the platform… Read More

Cabital, a Firm that Helps You Generate Income on Crypto, Raises $4 Million in Seed Funding

Cabital, a crypto exchange, wallet, and yield platform, has raised $4 million in seed funding according to a note from the company. Investors include SIG, Dragonfly, and GSR. The post-money valuation was pegged at $40 million. Cabital reports that it previously raised $3 million in… Read More

Lithuania based Debitum, a Borderless Financing and Investment Platform, Shares Product Updates

Lithuania-based Debitum, a borderless financial platform, is pleased to report that their new product on the market “Easy Invest“ has officially been launched. With this new product, Debitum offers investors the same tools that professional investors have been using for a long time – “a… Read More

European Fintech Paysera Added by National Bank of Ukraine to Nation’s Register of Payment Systems

The National Bank of Ukraine has reportedly added Fintech firm Paysera to the nation’s Register of Payment Systems. After carrying out the necessary technical preparations, Paysera will be providing quicker transfers to and from Ukraine to private clients. Transactions will be supported in hryvnias, Euros,… Read More

Lithuania based Debiitum, a Borderless Financing Platform, Reports 7,000+ Users, $8M in Deposits

The team at Lithuania-based financing platform Debitum recently published their platform statistics update for June 2021. As noted in a blog post by Debitum, the month of June was a relatively calm or quiet month for the platform. However, their team continued working hard to… Read More

EstateGuru Reports 80 Loans Financed in June 2021 with a Total of €15.3M Being Funded

The team at EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, notes that even though we’re in the middle of really hot summer days and the start of the holiday season, the platform has still seen… Read More

The Bank of Lithuania Warns Binance on Unlicensed Services

The Bank of Lithuania has issued a warning targeting Binance and its “unlicensed investment services provided in Lithuania.” The Bank did not indicate whether or not it was taking further action to compel Binance to cease any activity within Lithuania. The central bank ordered Binance… Read More

Fintech Software Testing Solution Provider, Exactpro, to Expand Operations into Lithuania, Sri Lanka

Exactpro, an independent provider of software testing solutions for “mission-critical” financial technology, will establish new subsidiaries in Lithuania as well as Sri Lanka. Alexey Zverev, Co-CEO and Co-founder at Exactpro, notes that it’s been a great honor for the company to serve its customers globally… Read More

European Online Lending Platform EstateGuru Shares Externally Audited Report for 2020

The team at EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, notes that as is customary, and as part of their commitment to transparency, they’ve published an “externally audited” annual report for 2020. EstateGuru‘s management writes in… Read More

Estonia’s Bigbank Chooses Nets for Offering Virtual Cards and Mobile Payments Capabilities

Bigbank, a global Estonian-owned bank providing personalized financial products, has selected European payment services firm Nets, to offer issuer processing and digital services, such as virtual cards and mobile payment capabilities. As noted by its management: “We’re a new type of bank – a truly… Read More

Lithuania’s Borderless SME Financing Platform Debitum Explains how Merchant Cash Advances Help Businesses

The team at Lithuania-based financing platform Debitum notes that raising funds for SMEs can be quite a challenging and stressful experience. Until only recently, the choice had been between the different types of loans provided mainly by traditional banking institutions, which involve tedious application processes… Read More

Online Lender EstateGuru Reports that Estonia and Germany were its Most Active Markets in May 2021

The team at Estateguru, an online lending platform that offers retail investors the ability to back loans secured by property, reveals that it financed €16.8M worth of loans last month. As mentioned in EstateGuru‘s loan portfolio overview report, the most active markets were Estonia and… Read More

EstateGuru Board Member Gabriella Kindert Shares Why She Became Interested in Debt Markets

Gabriella Kindert, who is considered an expert in private debt markets and has reportedly managed billions (currently serving as a Board member at EstateGuru), says that she encourages investors to check out different lending platforms. In a recent interview, Kindert talked about  how they should… Read More

Lithuanian Financing Platform Debitum Reports that Over €10M in Investments Now Made via its Auto-Invest Tool

The team at Lithuania’s Debitum, which offers borderless SME financing services, notes that another month has passed and they would like to provide a platform update for May 2021. Debitum’s management writes in a blog post that they’re pleased to report the positive sentiments in the… Read More

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