FinTech Companies in Lithuania

Lithuania has the largest and fastest growing FinTech scene in the Baltic region if not Europe.
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Long standing strengths in large scale, high-grade IT exist, including R&D, development and service operations for the Nordic banks, NASDAQ and Barclays to name but a few.
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Payments is another strength thanks to long-standing global players such as Western Union, homegrown talent such as Worapay and a growing list of foreign investors attracted by the Central Bank's fast-track approval process for EMI licenses. In 2018 Revolut, Google and Wirecard selected Lithuania as their new domicile post-Brexit.
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Crypto was a booming sector, with over EUR 500m raised in ICO's in 18mths to mid 2018. Tougher regulation of that sector and P2P/Crowdfunding mean the growth trajectory of these segments is less clear.
Here are the main players in Lithuanian FinTech:
AI GANG
ICO funded venture aiming to disrupt insurance with Blockchain, smart contracts and AI.
Insurance, Blockchain, Crypto
AIG
Global Insurer with large shared service centre in Vilnius. May relocate activities from LT.
Insurance
ALGORITHMIC TRADING PLATFORM
Open ended hedge fund using algorithmic trading across multiple asset classes.
ALTERNATIVE PAYMENTS
Global payment infrastructure to assist e-commerce, HQ in Vilnius
ARCA PAY
UK based FX and Payments solution provider for business, under Lithuanian management.
Payments
ASHBURN
Payments and POS solution provider.
Payments
AVENTUS GROUP
Consumer credit firm active across Europe, IT hub in Lithuania.
Lending
B1.lt
Free online accounting software for SME’s.
F&A
BALTIC AMADEUS
Custom software house with references in Banking, leasing and RPA
BALTIC BANKING SERVICE
Solutions include core banking, loan management, payments and e-bank.
BALTIC SANDBOX
Vilnius based accelerator primarily focused on growing SaaS and Fintech startups.
Other
BANKERA
ICO funded start-up digital bank, will its service match the slick marketing, lets see!
Crypto
BARCLAYS
Global bank with large IT shared service centre in Vilnius since 2009. Over 1,500 employees.
Banking
BAS (Baltic Amber Systems)
Core banking, payment and client engagement solutions.
Banking
BETTAFUNDING
Equity crowd funding for start-ups.
BITCOINUS
ICO funded crypto payment solution for e-commerce platforms and e-shops.
Crypto
BLENDER
P2P lender, subsidiary of Israeli parent.
Lending/Credit
BLOCKCHAIN
Wallet solution for digital assets, 33m clients worldwide. IT development centre opened in Feb 2019 is one of 5 globally.
BLUE BRIDGE GROUP
Software house with a number of insurance applications and implementations.
BS2
Software plus ATM and Payments hardware solutions.
Banking
CALL CREDIT GROUP
UK group with over 150 IT, data analyses, digital marketing and customer service roles.
CARDINITY
Credit and debit card payment service provider for e-commerce.
Payments
CFLOW
Accounting software.
F&A
CHINA BINARY NEW FINTECH GROUP
Hong Kong listed online payments group with Lithuanian subsidiary since Aug 2019.
Payments
CLAIMS CONTROL
Platform connecting clients, insurers, brokers, loss adjusters and other claim handling process participants.
Insurance
CLEARSHIFT
Global currency payment provider with EMI from Lithuania.
Payments
COINGATE
Bitcoin payment and POS solutions for individuals and retailers plus Bitcoin conversion in to EUR and USD.
Cypto
COMPLYTECH
Startup launched in Jan 2019 offering KYC as a service to FI's, crypto, payment providers, etc
RegTech
CONNECTPAY
Multi-currency IBAN accounts within 48 hours for business and persons
Payments
CONTIS GROUP
UK banking and payments firm establishing a programming centre in Vilnius
CREDITAL VERSLUI
Online consumer lender.
Lending
CREDITINFO GROUP
Icelandic owned credit data and solution provider with sizeable ops in Lithuania.
Credit Scoring
CRYPTO ECONOMY ORGANISATION
Organisation uniting all interested stakeholders in Crypto.
Crypto
CRYPTODUS
Smart contract an Blockchain based advisory and development company.
Blockchain
CRYPTOVOICES
Cutting edge market commentary and data on the crypto scene, broadcasting from Vilnius, US and Brazil
Crypto
DANSKE BANK
Programming, NPD, customer service and more in large shared service centre.
Banking/API
DEALOYAL
Delivers consumer loyalty and rewards via payment card and platform.
DEBIFO
Fast growing online invoice finance solution for SME’s Exit to Factris (NL) in Jan 2019.
Lending/Credit
DEBITUM
Platform to invest into SME loans in Lithuania, Romania, Germany and Belgium. EUR 12.4m funded as at Dec 2019.
Lending/Credit
DESICO
Trading of tokens issued by Blockchain startups.
Crypto, Blockchain
DE VERE EMONEY
E-money and prepaid card operation of international financial group DeVere.
EARTHPORT
UK headquartered and listed Payments and FX firm, establishing operation in LT for post-Brexit world.
Payments
EDGELESS
Cryptocurrency casino based on Ethereum blockchain.
Crypto, Blockchain
EIS GROUP
US insurance solutions group with operations in Lithuania.
Insuretech
EMQ
Chinese payments group with European license in Lithuania.
Payments
ENTRY.MONEY
ICO funded venture seeking to introduce Blockchain bank.
Crypto, Blockchain
EPS (Electronic Payment Solutions)
Payments solutions, with specialisation on cards.
Payments
ETRONIKA
Specialists in E-banking, including UX and digital identity.
EUROKREDITAS
Online consumer lender.
Lending
EVARVEST
Start-up aiming to provide access to global equity markets via an App.
WealthTech
FASTINVEST
Pan-European P2P lenders, HQ in UK under Lithuanian management, IT development in Kaunas.
P2P
FIN.DO
Startup offering peer-to-peer payments between Mastercard accounts via a mobile app.
Payments
FINBEE
Peer-to-Peer consumer lending platform launched in 2015.
Lending/Credit
FINPASS
Financial passport solution provider.
Credit Scoring
FINTECH LITHUANIA
Representative body for FinTech companies.
Other
FINTEGRY
Software development company with multiple FinTech solutions.
Customised
FIRST FINANCE
Online consumer lender.
Lending
FLYWIRE
UK headquartered Payments company establishing in LT for post-Brexit world.
Payments
FITEK
Automation of financial processes such as Purchase-to-Pay and Order-to-Cash.
F&A
FORBIS
Established software provider to banks, credit unions, treasury and other segments.
Core Banking
FOXBOX
Payment system for online shops or websites.
Payments
GATEPOOL
Investors and advisors in the decentralised economy.
Crypto, Blockchain
GOOGLE PAYMENT LTD
Subsidiary of Alphabet, EMI license in Lithuania.
Payments
GLOBITEX
ICO funded global Bitcoin exchange.
Crypto, Blockchain
H PAY & GO
Dutch owned payments provider with Lithuanian license.
Payments
HANSAB
Software house with numerous banking, finance and payments projects.
Customised
HASLLE
Company spend capture, analysis and payment cards.
F&A
HERCUSCARD.COM
Credit card provider.
Lending
HEAVYFINANCE
Crowdfunding of heavy agri and industrial machinery
Lending
IDENFY
ID verification using IDcard scanning or facial recognition
Identity
IDENTIWAY
Two-minute, pure digital on-boarding solution for finance and gambling companies
Identity
INFORM DEBTOR
International debt collection platform active in UK under Lithuanian management.
F&A
INSTAREM
Global payments providers with EU license out of Lithuania.
Payments
INTERNATIONAL BUSINESS SETTLEMENT
P2P marketplace where investors can invest in personal and corporate loans, primary and secondary markets.
INTERNATIONAL FINTECH
e-money, e-payments and payment processing services for online merchants.
Payments
INTERNATIONAL PAYMENTS UNION
Payment and current solutions for trade and investment, focus on Europe-Asia, licensed in Lithuania.
Payments
INVOICEPOOL
Working capital solution for businesses
Lending/Credit
ITAX
Accounting and business management software solutions for SMEs.
F&A
IYZI PAYMENTS
Turkish company with EU payments license granted in Lithuania.
Payments
KAISEREX
Cryptocurrency exchange offering best price based on aggregation of 30+ partners.
Crypto
KEVIN.
Cards, Payments and Bank Account aggregation.
Payments
LENNDY
The first real estate crowdfunding platform in Lithuania.
Lending/Credit
MAJESTIC
Omnibank payment platform covering 17 currencies for individuals and businesses.
Payments
MANU
Peer-to-Peer consumer lending platform launched in 2016.
Lending/Credit
MAMBU
Global leader in cloud based banking systems, hiring an IT team of 100+ in Vilnius from 2020.
BankTech
METASITE
Customised applications and UX engineering for financial institutions.
MISTER TANGO
Payment accounts and Mastercard solution for individuals and e-commerce firms.
Payments
MOBASSURACE
Mobile, on-demand travel insurance solution.
Insurance
MOKILIZINGAS
Car leasing and consumer lending operator.
Lending
MOKIPAY
Mobile payments system providing fast and secure payment settlements using mobile phones.
Payments
MOMENT CREDIT
Online consumer lender.
Lending
MONETA INTERNATIONAL
Payment speciialist, predominantly in e-commerce.
MONETHA
ICO funded marketplace on the Blockchain.
Crypto, Blockchain
MOQ
Nationwide mobile payments system backed by three Lithuanian mobile network operators.
Payments
MYSTERIUM NETWORK
ICO funded ventures seeking to build a secure transport protocol and decentralised network.
Crypto, Blockchain
NASDAQ
IT and Business Support centre in Vilnius since 2015. 130 employees
Capital Markets
NAYAX EUROPE
Global leader in cashless payments, telemetry systems and management tools, utilise LT as hub for EEA.
Payments
NEO FINANCE
Peer to peer consumer lending platform. Seed investment from Dutch VC.
P2P
NORDSTREET
Real estate crowdfunding platform
Crowdfunding
ONDATO
Digital identity solutions driven by AI
KYC
OONIQ
P2P and Crowd insurance company utilising Blockchain technology.
InsureTech
OPAL TRANSFER
UK payments company with 300,000+ globally, EMI license in Lithuania since Oct 2019.
Payments
OPAY
Online payment collection system (gateway) for e-commerce.
Payments
OPTIMALUS KREDITAS
Peer-to-Peer consumer lending platform launched in 2015.
ORCA ALLIANCE
ICO funded venture seeking to build an open banking platform merging traditional and new finance.
Crypto
PANPAY
Chinese payments provider with EU license out of Lithuania.
Payments
PASKOLU KLUBAS
Peer-to-Peer consumer lending platform launched in 2015.
Lending/Credit
PAYDOO
Payment services provider.
Payments
PAYSERA
Payments and currency exchange for business and personal clients via online, SMS and card channels.
Payments
PAYSOLUT
Mobile banking platform provider with license in Lithuania.
Payments
PAYSTRA
Icelandic payment group establishing an operation in Vilnius.
Payments
PAYTECH TECHNOLOGY
Chinese financial services group using LT as hub for European operations.
Payments
PCS TRANSFER
US FinTech with EMI license.
Payments
PERVESK
SEPA area payments provider licensed in Lithuania.
Payments
PLEXIAN
Swedish digital bank licensed out of Lithuania.
Banking
PROFITUS
Crowdfunding of real estate, EUR 9m funded as at Dec 2019.
RAILSBANK
Award winning UK open banking and RegTech specialist with development centre in Vilnius.
Banking, RegTech
RED DOT PAYMENT
Singapore headquartered Payments group using LT as base for EC activities.
Payments
REVEL SYSTEMS
Point of sale solutions including software, hardware and payments.
Payments
REVOLUT
UK based payments provider establishing a programming centre in Vilnius.
Payments
ROCKIT
Workspace for start-ups, sponsored by Swedbank and EBRD following Barclays exit from the market.
ROKKEX
Cryptocurrency exchange
Crypto
RÖNTGEN
Real estate crowdfunding platform
Crowdfunding
SAFEIN
Identity and KYC solution secured by the Blockchain.
Identity
SATORU ANALYTICS
Predictive analytics, leveraging big data to personalise retail banking customer experience.
SAVY
Consumer and real estate lending Peer-to-Peer platform
Lending/Credit
SCORIFY
Forecasting of corporate credit risk using data analysis and prediction technologies.
Credit Scoring
SEB
Nordic bank with large shared service operation in Vilnius.
Banking
SENJO GROUP
Singapore payments provider and fintech investor using Lithuania as hub for European payments. Acquired Finolta.
Payments
SEVEN SEAS FINANCE
Hong Kong international banking platform with payments licensed out of Lithuania.
Payments
SHIFT 4 PAYMENTS
US POS specialist with IT and client support centre in Vilnius, rebranded from Harbourtouch
Payments
SIMPLEFIN
Online invoice financing for SMEs.
Lending
SIMPLEX
Israeli owned fintech providing cyber and anti-fraud solutions for payments, cryptocurrency and e-commerce.
RegTech
SME FINANCE
Online business financing, quick turnaround times and low collateral offered.
Lending
SMS CREDIT
Online consumer lender, part of 4FINANCE group.
Lending
SONECT
Swiss FinTech with EEA license out of Lithuania.
Payments
SPECTROCOIN
Bitcoin exchange, wallet and debit card provider, for individuals and merchants.
Crypto
STOCK INVEST.US
Analysis of over 5,000 securities listed to NYSE and NASDAQ.
WealthTech
STOREBRAND
Norwegian financial services firm with large shared service operation in Vilnius.
SUMUP
UK headquartered company providing card acceptance services globally.
Payments
SWEDBANK
Swedish bank with large shared service operation in Vilnius.
Banking
TIA TECHNOLOGY
Danish InsureTech specialist with programing hub in Lithuania.
Insurance
TRANSACTIVE
UK instant payments provider licensed out of Lithuania.
Payments
TRANSFERGO
International payment service available in over 35 countries globally
Payments
TURBOTRANSFERS
Cross border payments, money collection, mass payouts and other solutions for individuals and business.
Payments
UNIVERSA
ICO funded venture introducing new Blockchain protocol for faster trasnactions and smarter contracts.
Crypto, Blockchain
VANEPAY
Payment company formed by Chinese inward investors in 2017.
Payments
VERICENTS
Credit card acceptances and payments for online businesses.
Payments
VERIFONE
US payments company with operations in Vilnius.
Payments
VERSE
Globally active, Spanish owned P2P group with license in Lithuania.
P2P
VIALET
Digital wallet offering payments, currency exchange and Mastercard, subsidiary of VIA SMS Group
VIENA SASKAITA
Payments bundling solution.
Payments
VIVUS LT
Online consumer lender, part of 4 FINANCE group.
Lending
WE POWER
Blockchain-based green energy trading platform.
Blockchain
WELLTRADO
News, investing strategies and platform comparisons from P2P space.
Crowd/P2P
WESTERN UNION
Global payments provider with large shared service operation in Vilnius.
Payments
WIRECARD
German global payments provider with EMI license in Lithuania.
Payments
WITTIX
Global payments provider with EMI license in Lithuania.
Payments
WORAPAY
Award winning mobile wallet and payment solution for consumers, retailers and banks.
Payments
WORLDLINE
French owned payments and banking solution provider with operations in Vilnius.
Payments, Banking
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Businero, Evoestate, FinnQ, Go&Pay, InsurTech Solutions, OpenWay Group, PayCompliance, Paysolut, Prowallet, Retaileye, Silvergate LT, Smartfin, Taqanun, KP Pay, Vecitum, Kernolab
- notes -
List is updated on a periodic basis, last update 04.04.2020. List contains FinTechs which have Lithuanian operations, management or shareholders thus some may be active outside the country. This is a fast changing segment with high birth rate, failures and foreign investment, as such this list is indicative only.