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:

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.