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
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.
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42,100ICT professionalsSource: Government Strategic Analysis Center, 2020 -
2,500new IT specialists graduating from retraining programsSource: Infobalt, 2018 -
2,000IT university graduates annuallySource: Ministry of Education Science and Sport, 2020 -
63%of fintech companies have at least one female executiveSource: 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:
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E-money, payment institution licensesvalid across the EU issued in 6 – 9 months.
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"Lite" bank license for challenger banks.5 times lower initial capital requirement.
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AML Centreis dedicated to fighting money laundering and terrorist financing by bringing together the efforts of both state institutions and market participants.
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Regulatory sandbox environmentallows 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.
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Crowdfundingplatform operators benefit from choosing Lithuania as a gateway to access the European market under the new EU regulation.
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CENTROlinkA 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
