Tagged: lithuania

May 6, 2021 @ 9:35 am By JD Alois  |  

EstateGuru, a Lithuania-based debt crowdfunding platform, is returning to Seedrs to raise up to €1 million in equity capital. The offering went live in private mode on May 5th and quickly topped €500,000 in funding. EstateGuru previously raised just under one million euros in June… Read More

May 1, 2021 @ 3:56 pm By Omar Faridi  |  

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

April 25, 2021 @ 2:26 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, reveals that March 2021 was a “challenging” month for the platform but the team still reportedly managed to achieve several key milestones. Debitum writes in a blog post update that at the end of March 2021, the… Read More

April 3, 2021 @ 7:24 pm By Omar Faridi  |  

Lithuania, which has one of the fastest-evolving Fintech sectors in the EU, is experiencing a transformative shift from traditional banking service providers, a trend that’s being supported by the growing number of digital transactions and the launch of new virtual payments startups. The Baltic nation,… Read More

April 1, 2021 @ 9:49 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform. Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without… Read More

March 16, 2021 @ 1:32 am By Omar Faridi  |  

Peer-to-peer lending marketplace Mintos reveals that on 1 March 2021, Mogo Latvia had issued bonds valued at €30 million, thus managing to successfully complete the largest bond issue in recent years by a private firm via the Nasdaq Riga Stock Exchange. On March 11, 2021,… Read More

March 13, 2021 @ 8:44 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, notes that many people are now beginning to understand that making smart investments can be a good way save money for later or for making bigger purchases. However, Debitum claims that companies or businesses “rarely” think about… Read More

February 24, 2021 @ 1:05 am By Omar Faridi  |  

After a proposal from the Bank of Lithuania, the European Central Bank (ECB) has reportedly issued a specialized banking license to the Lithuanian capital company UAB SME Digital Financing. It’s now expected that after acquiring such a permit, UAB SME Digital Financing will begin accepting… Read More

February 23, 2021 @ 10:56 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, notes that December 2020 was the month that “concluded a great year” for the platform. During 2020, Debitum managed to reach several key milestones: more than 3 million EUR outstanding portfolio, more than 20 million EUR of… Read More

January 27, 2021 @ 3:17 pm By JD Alois  |  

kevin., a Lithuania-based Fintech startup, has raised €1.5 million in seed funding to further develop its “first of its kind” P2D2 product for mobile payments. kevin.’s solution is a PSD2-based open banking API that has been used to directly compete with card networks for mobile… Read More

January 15, 2021 @ 8:38 am By JD Alois  |  

Open banking Fintech Yapily, a London-based startup, will open an office in Vilnius, Lithuania, the company’s third European office. Yapily notes that it joins a number of UK Fintechs including Revolut, Curve, and Square that have operations in Lithuania. The company says it will hire… Read More

January 13, 2021 @ 11:35 pm By Omar Faridi  |  

Bank of Lithuania, the nation’s central bank, has revealed that the number and value of payments completed via its platform, CENTROlink, had doubled last year, while instant payments surged by around four times (when compared to previous years). Keeping these developments in mind, Bank of… Read More

January 2, 2021 @ 1:11 am By Omar Faridi  |  

The Lithuania-based Debitum platform, which offers borderless small business financing, was closed on December 31, 2020, for maintenance. Debitum’s management noted that as we enter the new year, Debitum also has “something new.” Debitum added that they had already informed their investors and business partners… Read More

November 22, 2020 @ 9:57 pm By Samantha Hurst  |  

  Digital-only bank platform N26 recently announced it is bringing Google Pay to customers in Austria, Estonia, Greece, Lithuania, Latvia, the Netherlands, and Portugal. The company made Google Pay available to customers starting in 2018, with the first launches in Belgium, Ireland, Slovakia, and Spain…. Read More

November 7, 2020 @ 12:10 pm By Omar Faridi  |  

  We recently connected with Dave Hodgson, Chief Investment Officer at NEM Group and Managing Director NEM Ventures. NEM (XEM) is a major blockchain or distributed ledger technology (DLT) based platform for building and deploying decentralized applications (dApps). Hodgson’s role encompasses group investment management, jurisdictional… Read More

September 12, 2020 @ 5:00 pm By Xu Gao  |  

CBIRC: Increasing Efforts to Crack Down on New Types of Illegal Commercial Insurance Activities Recently, the Anti-Illegal Financial Activities Bureau of China Banking and Insurance Regulatory Commission (CBIRC) published an article entitled “Analysis of Illegal Commercial Insurance Activities and Regulatory Suggestions” in “Observation of Insurance… Read More

August 19, 2020 @ 8:20 am By Omar Faridi  |  

Tallinn-based EvoEstate has reportedly secured €140,000 in additional capital through a pre-seed extension. The Fintech firm has now closed its €320,000 pre-seed investment round. EvoEstate aims to offer an innovative investment platform that’s supported by Lithuanian startup Wise Guys, which is a Hong Kong-based stealth… Read More

July 10, 2020 @ 4:20 pm By Omar Faridi  |  

The developers of Oslo, Norway-based Opera Browser revealed that they will be launching their first consumer Fintech offering for the European market. Opera, which is now Chinese-owned, said it will be acquiring Fjord Bank, which will help the internet browser developer with accelerating the launch… Read More

May 23, 2020 @ 4:24 pm By Omar Faridi  |  

The global economy has slowed down considerably during the past few months due to COVID-19. Many businesses and industries have been negatively affected, including financial services providers. The pandemic has destabilized private capital markets. Investments in new initiatives and early-stage companies have decreased significantly. During… Read More

May 4, 2020 @ 7:28 am By JD Alois  |  

Revolut, a digital bank with 12 million users worldwide, is taking the next step in becoming a true bank by utilizing its European bank license in Lithuania. Previously, Revolut has been offering most services with an e-Money license. Revolut said it intends to passport its… Read More