To be a small country that can punch above its weight, focusing in on one industry you are especially strong at is essential. And for Lithuania, that industry is Fintech. What sets Lithuania apart from other Fintech hubs is the shared strategic outlook found at every level of the ecosystem. From a regulator often named the most progressive in the EU, to a government that understands the value of adapting fast, through to industry associations building a close-knit community, there is a shared commitment to make Lithuania a real home for Fintech. And with a community of 170 plus companies that counts Revolut, Google, Earthport, SumUp and RailsBank within its ranks, this Fintech Hub has become a recognized global player. In fact, Lithuania has been nominated as #4 Fintech hub globally, after US, UK and Singapore.
But it’s the talent that Lithuania has that is its real secret weapon. With 85% English proficiency among young professionals and 52% of the population speaking more than two languages, Lithuania’s talent is truly internationally focused. What’s more, with quality to cost ratios that are way above the EU average, and with 31.500 IT professionals in the market and 10.900 students in the pipeline, companies can scale up operations when they need to in hand with experiencing double digit growth.
Looking for a place to scale your Fintech? Lithuania would love to help. Come and have a chat with us at Money 2020 Europe.