Tagged: lithuania

January 16, 2020 @ 11:14 am By Omar Faridi  |  

The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More

October 24, 2019 @ 8:54 am By Cali Haan  |  

The Bank of Lithuania, the country’s central bank, has issued guidelines intended to, “provide greater regulatory clarity and aim at higher investor protection,” in the country’s security token offering (STO) market. Lithuania has been working hard to establish itself as a Fintech leader in the… Read More

October 21, 2019 @ 8:24 am By JD Alois  |  

Vilnius, the capital of Lithuania, is topping far more established innovation hotbeds when it comes to tech startups and greenfield Foreign Direct Investment (FDI) projects, on a per capita basis. According to the Financial Times’ fDi Intelligence division, Vilnius beat out Tel Aviv, Singapore and… Read More

September 8, 2019 @ 12:10 pm By Omar Faridi  |  

DappRadar, a Lithuania-based Fintech firm that tracks data for decentralized applications (dApps), raised $2.33 million in a recent seed funding round. DappRadar, which lists current data for leading blockchain networks including Ethereum, EOS, Tron, IOST, and Ontology, received funding from South African media group Naspers,… Read More

July 22, 2019 @ 7:25 am By JD Alois  |  

Evarvest, a Lithuania-based startup that is preparing to launch a new trading app, has easily topped its €75,000 goal on Seedrs to raise €235,000. Evarvest sold equity in the company at a pre-money valuation of €1.175 million. Evarvest plans to launch the app later in… Read More

July 8, 2019 @ 11:00 am By JD Alois  |  

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

June 17, 2019 @ 3:48 pm By Cali Haan  |  

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 Lithuanian cabinet, oblige all crypto businesses in… Read More

May 21, 2019 @ 8:36 am By JD Alois  |  

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

April 8, 2019 @ 10:58 pm By Cali Haan  |  

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

February 21, 2019 @ 8:43 am By Cali Haan  |  

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

January 5, 2019 @ 4:20 pm By JD Alois  |  

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

January 4, 2019 @ 8:42 am By JD Alois  |  

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

November 15, 2018 @ 12:00 pm By Samantha Hurst  |  

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

November 9, 2018 @ 2:17 am By JD Alois  |  

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

October 22, 2018 @ 11:28 am By Samantha Hurst  |  

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

October 22, 2018 @ 3:00 am By JD Alois  |  

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

September 4, 2018 @ 5:42 pm By JD Alois  |  

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

August 27, 2018 @ 11:14 pm By JD Alois  |  

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

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