FinTech Companies in Lithuania
Lithuania has the largest and fastest growing FinTech scene in the Baltic region if not Europe.
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.
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.
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: