Lithuania, with its vibrant startup scene, can be called the Silicon Valley of the European Union (EU). Despite being a small country, Lithuania has managed to attract a considerable number of fintech startups due to its progressive regulations and encouraging government policies. In this article, we take a look at some of the most interesting financial services startups from Lithuania, companies that are redefining banking, payments, and other facets of the finance industry.
These companies encompass a wide range of financial services including cross-border payments, loan management, digital banking, identity verification, expense organization and more. Their innovative solutions are not only challenging traditional banking but also paving the way for a more digital, efficient and inclusive financial future.
From helping SMEs with payment solutions, to allowing companies to embed financial features into their product, these startups are pushing the boundaries in every way possible. Let’s discover more about them:
Haslle
Haslle is a SaaS startup that offers a remarkable solution to organize your company’s finances, including payment cards, invoices, expenses, and subscriptions. It was founded by Povilas Žinys, Vladyslav Tkachuk, and Yuriy Rachek.
Kernolab
Co-founded by Vachtangas Babunasvili, Kernolab is a fintech startup that empowers businesses to integrate financial features like loans, payments, and more into their offered products and services.
MANU
Launched by Antanas Kairys, Antanas Krasauskas, and Daumantas Zamalis, MANU applies behavioural analytics to assist financial institutions to reduce onboarding and credit scoring costs.
Mano Bank
Mano Bank offers digital banking services like loans and term deposits for both individuals and businesses. They are committed to providing a seamless banking experience for their customers.
Okeo
Okeo transforms business complexity into intuitive payment and banking solutions for entrepreneurs and businesses, providing a more user-friendly experience, inspiring innovation and growth.
Ambr Payments
Specializing in cross-border transactions and payments, Ambr Payments is a fintech company perfect for businesses with a global presence.
Paylar
Founded by Jonas Udris, Paylar provides different financial services including accounting and debit cards.
Lendstream
Lendstream is a lending management software provider that caters to the needs of financial enterprises.
Rockit
Rockit is an innovation firm offering financial technologies and aiming to drive sustainability in the fintech world.
BigWallet
BigWallet offers a variety of financial services with an emphasis on user-friendly internet-based operations.
UAB Pervesk
Co-founded by Darius Kulikauskas, Mantas Mockevičius, and Vytautas Karalevicius, UAB Pervesk is an electronic money institution regulated by the Bank of Lithuania for efficient virtual currency operations.
Mark ID
Started by Markas Krasovskis and Nerijus Rimdzius, Mark ID offers a universal identity verification and eSignature gateway providing secure and reliable fintech solutions.
myTU
myTU, launched by Raman Korneu and Tomas Navickas, is a digital banking platform that caters to individual and business clients offering payment and marketplace solutions.
70Ventures
70Ventures, founded by Gytenis Galkis, Jean-Baptiste Daguene, and Per Møller, accelerates revenue for early-stage B2B Startups and provides critical funds for fledgling businesses in these early growth stages. Check them out here.
Nikulipe
Founded by Frank Breuss, Nikulipe provides local payment expertise and access to fast-growing and emerging markets.
These innovative Lithuanian financial startups are offering unprecedented financial services, driving Europe’s economy and bridging financial divides. Watch this space as we continue to showcase the rising stars of the EU startup scene.
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