Tagged: lithuania

Property Platform EstateGuru Added to Bank of Lithuania List of Approved Crowdfunding Operators

Short term real estate financing platform EstateGuru has been added to the list of approved crowdfunding platforms by the Bank of Lithuania, according to a release. The company has been operating since 2014, connecting an international group of investors and businesses to real estate backed… Read More

AML: Lithuania Amends Existing Laws to Regulate Cryptocurrency Sector

Lithuania’s previously unregulated cryptocurrency sector will now have to abide by provisions set out in the Fifth EU Anti-Money Laundering Prevention Directive, Lithuanian news outlet Delfi reports. Amendments to existing laws, made last Wednesday by members of the the Lithuanian cabinet, oblige all crypto businesses… Read More

Lithuanian Fintech Evarvest Crowdfunds on Seedrs, Preps Global Trading App Including Commission Free Trades in US Market

Evarvest, a startup that is striving to “unite the worlds stock exchanges, making it simple to invest” is crowdfunding on Seedrs. Evarvest is looking to raise a minimum amount of £75,000 at a pre-money valuation of £1.175 million. As of today, Evarvest has raised over… Read More

To Align With EU and FATF Anti-Money Laundering Directives, Lithuania Ups Crypto Regulations

EU coins money Europe

Lithuania has been moving for some time to establish itself as a Fintech leader in the Baltics. According to the previous reporting at Crowdfund Insider, the country registered 35 new Fintechs in 2017, and in early 2018, Invest Lithuania Managing Director Mantas Katinas promoted the… Read More

Crypto OTC Trading and Wallet Firm Blockchain Opens Lithuania Office

Blockchain, an early Bitcoin wallet startup that has lately expanded its services to include institutional crypto trading services, has announced it is “thrilled” to be opening a fifth location in Vilnius, Lithuania. Blockchain says that after considering “several options,” Vilnius was selected for its, “vibrant… Read More

Lithuania: London’s Status as the Financial Capital of the Old World is Less Relevant After Brexit

Lithuania wants to be the leading Fintech hub in Europe. Beginning in 2013, the small Baltic nation decided to take action and become one of the EU’s “hottest destinations for Fintech.” Mantas Katinas, MD of Invest Lithuania – the public entity leading the Fintech charge in… Read More

Google Receives Electronic Money Institution License from Bank of Lithuania

Last month, Google – or Alphabet (NASDAQ:GOOG) was approved for an Electronic Money Institution license from the Bank of Lithuania. The license will enable Google to issue electronic money, handle electronic money wallets, perform remittances, payment transactions, provide cash deposit and withdrawal services, as well… Read More

Overfunding: Lithuanian P2P Lender NEO Finance Surpasses €200,000 Funding Target on Seedrs

NEO Finance, a Lithuania-based peer-to-peer lending platform, has successfully secured its initial €200,000 equity crowdfunding target on Seedrs. The campaign was launched last month and has attracted nearly 340 investors so far. As previously reported, NEO Finance was founded in 2015 and claims to be the largest… Read More

DESICO Security Token Kicks Off Public Offering

DESICO, a company that is building a security token platform, launched its own security token offering (STO) this week. As was previously announced, DESICO is issuing the STO under EU law. Operating in both Paris and Vilnius, Lithuania, DESICO is said to be compliant with… Read More

Lithuanian P2P Lender NEO Finance Now Seeking €200,000 Through Seedrs Funding Round

NEO Finance, a Lithuania-based peer-to-peer lending platform, is now seeking €200,000 through UK’s equity crowdfunding platform, Seedrs. Founded in 2015, NEO Finance claims to be the largest P2P lending platform in Lithuania and is operating under the name, Paskolų klubas. The lender noted it offers investors… Read More

European Tokenized Security Platform DESICO Plans Own STO

DESICO, a platform designed issue and trade tokenized securities that says it is in full compliance with the law, will issue its own security token offering (STO). The “DESI” tokens will be issued under EU law as DESICO is based in both Paris and Vilnius. DESICO… Read More

DESICO is the Next Platform to Attempt to Enter the Security Token Offering Sector

DESICO, based in Paris and in Vilnius,  wants to join the growing group of platforms seeking to issue and trade security tokens. DESICO is also issuing its own “DESI Token” as part of its platform. Even while the initial coin offering (ICO) market stumbles, security… Read More

Crypto Startup Orca Partners with MisterTango on SEPA Payments

Fintech Orca has signed a partnership with MisterTango. Orca wants to be a bridge between crypto and traditional finance or “one app to build your own bank.” MisterTango is a payments platform. The agreement enables ORCA to have the ability to develop solutions for SEPA payment account… Read More

Lithuania Posts Initial Coin Offering Guidelines

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

Lithuania Wants to Become First Country to Enable Companies Registered & Managed Using Blockchain or “Virtual Limited Liability Companies”

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

Lithuanian United Colors of Benetton Now Accepting Cryptocurrencies via CopPay: Fashion Forward

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

Lithuania Registered 35 New Fintech Companies in 2017

Fintech

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

LATTICE80 Forms New Partnership with Lithuania Agency for Science, Innovation and Technology

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

ECN Convention Debates Technology & Cross-border Future in EU Alternative Finance & Crowdfunding

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

Lithuanian Fintech Platform Bankera Announces Upcoming Pre-ICO Round

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

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