Fintech in Lithuania | Invest Lithuania

Fintech in Lithuania
at a glance

A leader in continental Europe by the number of licensed e-money and payment institutions, Lithuania is ranked in the TOP10 of the Global Fintech Index. With a continuous focus on improving its business and regulatory environment, Lithuania has strengthened its position as one of the top ecosystems globally for developing and rapidly scaling innovative fintech solutions. Lithuania offers a business-friendly regulatory environment with efficient licensing processes and a rich talent pool in software development, AML / Compliance, customer support and operations.

Already here

Here’s what they have to say

After my first visit to Vilnius I just felt that this city is a small version of Silicon Valley and this was absolutely unexpected. The city, its infrastructure, the prevalence of technology made an impression on me.

Jared Isaacman, CEO of Shift4Payments

Great people with relevant degrees and remarkable opportunities to source other European languages were the main driving force. We have been able to find great people who are dedicated and are looking to grow within our company.

Leslie Leaf,
Chief Customer Officer, Revel Systems

Lithuania was Mambu’s choice for our new engineering centre because of the country’s reputation of focusing its business environment on the needs of specific industries, including Fintech. Besides, developing, improving and maintaining our platform requires the sharpest people available, and we believe that Lithuania’s highly educated talent pool is one of the best in Europe.

Andrius Bagdonavicius,
Managing Director of Vilnius Engineering Centre, Mambu

Reasons to choose Lithuania

1. Multidisciplinary talent for Fintech growth

At the heart of every Fintech stand people, able to co-create and deliver success. Technically minded, multilingual, and diverse Lithuania’s talent pool is here to benefit your growth.

42,100

ICT professionals

Source: Government Strategic Analysis Center, 2020
2,500

new IT specialists graduating from retraining programs

Source: Infobalt, 2018
2,000

IT university graduates annually

Source: Ministry of Education Science and Sport, 2020
63%

of fintech companies have at least one female executive

Source: The Fintech Landscape in Lithuania report, 2020

2. Regulator at the frontier of innovation

Lithuania’s cooperative approach to licensing offers local infrastructure with European reach and efficient licensing solutions to fuel your growth:

E-money, payment institution licenses

valid across the EU issued in 6 – 9 months.
"Lite" bank license for challenger banks.

5 times lower initial capital requirement.
AML Centre

is dedicated to fighting money laundering and terrorist financing by bringing together the efforts of both state institutions and market participants.
Regulatory sandbox environment

allows potential and existing financial market participants to test financial innovations in a real-life environment under the guidance and supervision of the Bank of Lithuania.
Crowdfunding

platform operators benefit from choosing Lithuania as a gateway to access the European market under the new EU regulation.
CENTROlink

A unique payment system operated by the Bank of Lithuania that provides technical access for all types of payment service providers licensed within the European Economic Area (EEA), enabling them to send and receive Single Euro Payments Area (SEPA) payments and issue IBAN accounts.

CENTROlink in numbers

Related materials to download

What's happening
in the sector

Tech

Lab-H9 Announces Expansion to Lithuania: Bringing AI Innovation to New Horizons

May 15, 2024

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Fintech

Fintech in Lithuania at a glance