Fintech

Lithuania. The EU entry-point for your fintech

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.

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Here’s what they have to say

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.

  • ICT Specialists
    42,100
    ICT professionals
    Source: Government Strategic Analysis Center, 2020
  • 2,500
    new IT specialists graduating from retraining programs
    Source: Infobalt, 2018
  • Graduates
    2,000
    IT university graduates annually
    Source: Ministry of Education Science and Sport, 2020
  • Female Executive
    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:

  • Emoney License
    E-money, payment institution licenses

    valid across the EU issued in 6 – 9 months.

  • Lite Bank License
    "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

Centrolink Chart

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Gintarė Bačiulienė
Head of Tech team
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    Gintarė Bačiulienė Head of Tech team
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