This article showcases our top picks for the best Lithuania based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Lithuania Fintech (Financial Technology) Companies
Bankera is building the digital bank for the blockchain era, with the aim of integrating traditional and crypto economies and becoming the one-stop-shop for all financial services. The idea for Bankera began in 2013 with SpectroCoin – a cryptocurrency brokerage service.
While operating in the financial sector for the last six years, SpectroCoin developed the core infrastructure comparable to traditional banks. The natural extension of SpectroCoin was to go beyond payment processing by leveraging the existing technology and expertise to build Bankera.
Bankera will offer traditional and crypto-friendly financial services to individuals and businesses across the world. – Payments: including payment accounts with personal IBAN, debit cards, interbank foreign exchange rates, and payment processing for both fiat and cryptocurrencies; – Exchange solutions: comprising of cost-effective peer-to-peer blockchain asset trading services, as well as fiat and crypto brokerage services; – Loans and deposits: including crypto-backed loans for individuals and businesses; – Investment solutions: consisting of low-cost investment products such as exchange-traded funds (ETFs), crypto-funds (a portfolio of various cryptocurrencies and crypto tokens), as well as robo-advisory solutions for wealth management..
kevin. is a payments fintech that provides a secure and developer-friendly payments infrastructure accessible via an API.
We give businesses the ability to accept payments directly from banks, cutting out the card networks and making payments process cheaper, faster, smoother and more convenient. Our aim is to disrupt the payments sector, unlocking the potential of open banking to a wide range of market players.
Our banking payments solutions outcompete card networks on both quality and price, and are fully compliant with the PSD2 framework. kevin.
is licensed to operate across the EEA and is supervised by the Bank of Lithuania. This year kevin.
was named the best fintech in the Baltics in the prestigious Mastercard Lighthouse program.. .
Decentralized applications (dapps) are applications that run on peer-to-peer computer networks, with open source code and deployed via blockchain. DappRadar, founded in 2018, tracks over 2,900 dapps across multiple blockchains, including Ethereum, EOS, and TRON, ranked by specific metrics such as daily users, daily volume and more with plans to expand to others.
They filter through dapp data, remove fake and irrelevant activity and provides actionable market intelligence. In 2019 its team raised capital, including €2 million seed funding led by Naspers Ventures..
HES is a financial software vendor and technology consultant. The company provides the technology backbone to power the full loan lifecycle – from origination, underwriting, and servicing to collections and pipeline performance tracking.
We provide configurable Loan Origination, Loan Servicing, and Debt Collection Software and deal with custom or configured software development for banking, commercial, consumer, P2P, POS mortgage, and microfinance lending. Designed with customization and scalability in mind, HES lending software provides a unique lending experience for fintech startups and Fortune 500 companies alike, allowing customers to stay ahead of changing markets and client demands.
It can be explicitly tailored to reflect your brand identity and comply with legal requirements. HES software is a solid alternative to proprietary loan origination solutions and in-house development efforts.
Key advantages: – High level of customization – Short time-to-market (3-4 months for the software to go live) – No payments for growth – No vendor lock-in.. .
Paysera provides services to both private and business clients who mostly value the company for approach: to their best to provide the client not only with a quality service, but also with a fair price for it. In the Baltic States, Paysera is known as the leader in e-commerce and a reliable partner to execute and receive online payments (Checkout service).
In addition to daily banking services, the company constantly improve exclusive products, such as the ticketing system, SMS payments platform, individual solutions for business. The company is supervised and audited by the Bank of Lithuania, where is the international security technology and process standard PCI DSS confirms that Paysera meets all the safety requirements.
The company has representatives in Latvia, Estonia, Poland, Bulgaria, Romania.. .
CoinGate is a Lithuanian-based cryptocurrency payments company. Our mission is providing a simple way for any online or retail businesses to accept Bitcoin and other digital currencies as a means of payment.
CoinGate offers payouts in Bitcoin as well as real-time settlements in Euros, safeguarding the merchant from crypto price volatility. Integration tools we have developed include a simple but powerful API, 10+ shopping cart integrations (modules), payment buttons and Point-of-Sale apps for retail stores..
PROFITUS is real estate investment platform. We change the approach to investing in real estate.
From now on, you can invest in real estate from 50 euros. Moreover, borrowing money for your real estate project is much faster and easier than applying to the bank.
We bring together people who want to invest in real estate and people on the other side – those who are looking for money to implement their real estate idea. The idea of PROFITUS developed slowly.
When working with real estate buyers and sellers and developing real estate projects, more and more people were asking about the possibility of investing their money in real estate. And we have in mind not necessarily large sums of money.
To keep money in banks is not a solution because nowadays banks do not pay interest, and investment in shares, with no specific knowledge of this area, is very risky. Yet, real estate is a tangible thing, it protects your money from inflations – in short, real estate is a solution you were looking for.
And one more thing – imagine, your real estate constantly generates additional income. Nothing can be better! However, to be able to buy an apartment or commercial premises, renting them and getting those passive income requires a substantial initial contribution.
H-Finance offers infrastructure and compliance that enables other financial institutions and fintechs to work with digital assets. We enable other institutions to integrate cryptocurrency buying, selling and holding features into their own applications.
Our turnkey solution includes: legal setup, compliance, working capital, and easy to integrate API.. .
Travel Union is the Bank of Choice for Travelers and Travel Partners. Travel Union provides: Modern High-tech Banking Services and its own Payments System; Mobile Banking App; A Unified Loyalty System – with cash-back in Vacation Time that is convertible to cash or points of other loyalty programs.
We are changing existing rules for banking and shaping new ones. Travel Union is simple, efficient to use, transparent and with no hidden fees.
We deliver exceptional banking services and share the benefits with all our stakeholders.. .
ORCA Alliance is the first Open Banking platform merging traditional banking and Crypto services into one interface to deliver effective money management solutions for regular consumers and experienced traders. ORCA is taking advantage of the EU’s revised Directive on Payment Services (PSD2), which empowers account holders with the authority to share data, removing the financial institution’s role as gatekeeper.
ORCA platform will enable its users to select the most appropriate payment services based on their everyday needs at favorable rates from a variety of providers – an alternative previously absent in the European market. On top of broadening the classical banking market for its users, ORCA is incorporating booming crypto-economy into the platform to provide a full spectrum of personalized financial strategies.
ORCA platform will combine otherwise fragmented Crypto services into a single ecosystem – ORCA App Center, a one-stop shop for crypto service development, as well as Quest, a gamified community that fosters innovation of blockchain technology. Moreover, ORCA platform will act as service screening sentinel to grant additional security benefit for inexperienced users.
In addition, ORCA is initiating collective actions around Europe through Universities lectures and round-tables in Brussels with E.U regulators to conduct continuous dialogues between EP, EC, ECB and Blockchain experts. ORCA Alliance acts to facilitate the process of Crypto integration into the European economy.
ORCA has recently announced a sponsorship deal with top French business school EDHEC and together with student associations, will incentivize efforts to educate the public and promote mass Cryptocurrency adoption in the EU.. .
SAVY (https://gosavy.com) is the first peer to peer online lending marketplace in Lithuania focused on unsecured and secured consumer loans. We connect Lithuanian borrowers with European investors.
SAVY enables investors to lend money online and earn higher interest rates. Borrowers can save interest on their loans by borrowing directly from investors rather using more expensive banks or other credit institutions.
Unlike other peer to peer companies, SAVY operates in a different way: SAVY does not use deposit account to collect money or distribute payments. SAVY connects borrowers and investors directly via their bank accounts.
This enables to avoid regulation rules in most of EU countries. Loan agreements are made directly between borrowers and investors.
Loans are structured as annuities, borrowers repay loans back on a monthly basis and returns are transferred to the investors. Loan agreements are made between borrowers and investors, all payments are made automatically..
At Metasite, we do bespoke digital financial platforms and applications design, engineering, integration and support for financial industry leaders and rising fintechs across Europe. Our 100 people strong UK and Baltics-based team has a stellar 23-year track record in delivering custom web applications and backend platforms development and support services for clients in the UK, Switzerland, the U.S.
and Western & Northern Europe. Comprised of architects, Java, .NET and PHP developers, UI designers, QA engineers, analysts and PMs with 6 to 15 years of experience, Metasite offers a combination of deep understanding of financial services and software engineering excellence Among our key clients are Man Group, Vontobel, Verse Payments, Solum Financial, RSA Group, ERGO Insurance, Bondradar, Swedbank, SEB, Nordea, DNB, Luminor, STK Finans..
FinBee is an online platform that specializes in professional P2P lending services. It focuses on borrowers getting low interest rates as well as lenders safely and easily getting high interest rates.
FinBee was created using the software of Madiston P2P lending model. The platform handles all financial transactions between investors and borrowers through its Clients’ Management Account in a Baltic States-based bank.
FinBee was launched in 2015 by Laimonas Noreika.. .
MANU makes personalized business decisions based on behavioral analytics profiling. The company helps financial institutions to profile their customers to save on client on-boarding and credit scoring.
It helps to identify reliable customers while they apply for a loan through the company’s behavioral data-driven AI model. MANU was founded in 2016 and is headquartered in Vilnius, Lithuania..
International Business Settlement
IBS Lithuania is a part of International Business Settlement Holdings Limited (IBS), a public company listed on the Hong Kong Stock Exchange (SEHK stock code: 00147.HK). As a global Fintech company, International Business Settlement (IBS) devotes itself to constructing a global cross-border payment clearing and settlement network with regional clearing circles, realizing a rapid, safe and low-cost direct payment channel between local currencies and Chinese Yuan (CNY).
Relying on a new-type business model, not only IBS can greatly increase cross-border trade value and benefits for their clients, but also provide a financial highway for the international trade with China for the purpose of international development of RMB. IBS Lithuania is a licensed Electronic Money Institution, supervised by the Central Bank of the Republic of Lithuania.
IBS Lithuania serves as the European headquarters for IBS with a focus on providing European enterprises and financial institutions with a fast, safe and low-cost direct payment channel to and from China. IBS Lithuania offers virtual IBAN accounts, international money transfers, SEPA transfers, foreign exchange as well as prepaid cards to businesses engaged in cross-border trade..
International Fintech UAB
International Fintech consists of various fintech companies such as International Fintech UAB. They provide a range of services, varying from managerial services to conducting research on competition.
They operate for Fintech companies, helping manage all their legal, regulatory, technological and risk management services. International Fintech also operate on a smaller scale, they can help provide client’s with valuable insight to companies which can ultimately aid their further actions.
Any transactions carried out are supervised by the Bank of Lithuania.. .
Cryptocurrencies have quickly become one of the most valuable commodities on earth. Despite their relative novelty, they are increasingly occupying a significant amount of mind and market share.
Unfortunately, while they are incredibly popular, they are not easy usable. BitSugar was founded by people who believe that cryptocurrencies have the potential to change the world.
They set out to build financial products so that the crypto community can derive more value from their assets both today and in the future. They are an inspired collection of entrepreneurs, bankers, analysts, programmers, designers, researchers, investors, and dreamers.
They are customer-oriented, service-centered, and technologically-excellent. BitSugar is an EU licensed lending company.
They are both KYC and AML certified with a robust lending policy and credit department that is in compliance with European financial directives.. .
LENNDY – the first lending marketplace in Lithuania. Loan issuers (loan issuers that provide loans with recourse) sell prior issued loan obligation rights on the platform.
Investors have the ability to employ their funds and receive higher returns than keeping money on deposit or using other traditional investment tools. In LENNDY platform, investors have the opportunity to purchase already issued credit agreements, rights and commitment to earn 12-15% per cent of annual interest.
In the platform contracts are signed as well as BUYBACK guarantee and technological solutions protect investors funds. The system allows more of the public to participate directly in the national economy, the promotion of small and medium business growth.
The idea of LENNDY platform came up in spring of 2015. At that time, crowdfunding has been known throughout the world and gained tremendous momentum.
In collaboration with the responsible national authorities, in the context of lawyers and law companies, have been created innovative solutions and consumer protection based on lending marketplace. The latter gave a positive assessment of many prominent Lithuanian economists and businessmen.
Main LENNDY platform mission – to promote Lithuanian businesses in alternative, and, most importantly, safe methods of financing. Platform operation system is directly useful for Lithuania economy, so all are welcome to contribute to LENNDY..
Businero is a crowdfunding and trading platform designed to automate and optimize processes for startups, investors, and traders. Startups will be able to get funding from VCs, crowdfunding, or both.
Investors will get quicker liquidation, optimized due diligence, real-time performance tracking tools, and dedicated communication channel. Traders will enjoy the open secondary market and access to real-time startup performance data..
Monevio Consulting is a fintech company that provides all financial services. It enables brands to deliver embedded finance and better fintech products faster.
Electronic Money Institution consulting services are Market review, Business Plan/ Go-to-Market strategy, Financial plan preparation, IT part documentation preparation, and Human recourse Management. Bank Account Opening, Compliance, and White Labels are other banking services..
Founded in 2015, Lithuania-based DEBIFO is an invoice financing platform that enables growth SMEs to borrow from institutional and retail investors. DEBIFO has an active invoice portfolio of more than EUR 7 million, helped more than 350 SMEs fund over EUR 85 million in total.
DEBIFO enables small and medium business to free up frozen working capital by providing funds based on outstanding invoices. DEBIFO invoice finance solution allows to shorten receivable payment terms from 30 – 120 days to only a few days.
DEBIFO has won the award of the financial service of the year by the Lithuanian Business Confederation. The company has also been mentioned among 5 most promising financial sector start-ups in the prestigious business publication Forbes.
DEBIFO has also been recognised as the TOP Company in the assessment of business credibility implemented by Rekvizitai/VZ.. .
Finpass, UAB is a fintech start-up that was established in 2014. The purpose of Finpass is to develop people-oriented simple and convenient fintech solutions.
In 2017, the company moved to Sandbox created by Creditinfo Lietuva, UAB, and a few months later an app and network interface were developed, which enabled people to create their own financial passport, namely, to identify themselves online and to receive detailed financial information in one place – credit rating, credit history and systemic bank account information. Individuals can share this information with anyone.
A financial passport provides more and greater competitive opportunities for individual to obtain the required funding.. .
Caspero is a payment processing platform, providing digital payment solutions to businesses worldwide. Caspero works together with various Internet-based merchants and furnish end consumers.
Our main focus is the highest level of security. The platform has two-step verification and cross-site scripting for all users.
This guarantees merchants and consumers safety and trust amongst one another regarding payments to companies for services and goods rendered. Customers have the ability to access the platform anytime, anywhere.
Caspero ensures straightforward transactions available with the most innovative technologies available on the market. Caspero researches and complies with local laws and regulations, so that all business conducted on the Caspero platform is permitted under local law..
SecretBank is a way for families to manage their finances during the post-covid recession. It treats families and individuals as micro banks allowing them to account for cash transactions, create trust-based interpersonal lending and borrowing, and share common financial goals.
First and foremost our app targets gray and cash economies, making one of the first apps to oppose that digital-first approach advocated by all modern banking institutions.. .
Vericents was founded to process online payments the right way. The Vericents team brings together experts in development, information security, regulatory and financial compliance, risk mitigation, and innovation in financial applications.
More than anything, we have a wealth of experience, as well as the knowledge and the desire to do things right. Vericents stays updated on all changes in the Visa/MasterCard Card Scheme, so you don’t have to.
They provide expert advice on staying within the Card Scheme rules, so you can focus on what really matters – growing your business. Vericents knows how crucial it is to get your business up and running as fast as possible.
That’s why they offer the fastest time-to-market on the market. With Vericents, your website can go live and process credit card payments in under 72 hours.
Whatever your industry, whichever currency you need – we support it.. .
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