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🚀 Lithuania's Fintech sector is thriving and playing an increasingly vital role in the global digital landscape. With over 270 licensed Fintech companies, Lithuania ranks tenth globally, highlighting our innovative ecosystem and skilled workforce. 🌍📈 This week, we're excited to showcase our dynamic Fintech scene at Money 20/20 in Amsterdam (June 4-6). The Innovation Agency Lithuania | Global in partnership with ROCKIT Vilnius, Invest Lithuania, and eight leading Lithuanian companies, will be present to forge valuable international connections. 💼🤝 Participating companies Ondato, DeRisk Technologies, Baltic Amadeus, Noviti Finance, Neopay, ConnectPay, European Merchant Bank | EMBank, and Paysera are presenting cutting-edge solutions, highlighting Lithuania's economic potential, fostering new partnerships, and driving future growth. 🚀🔗 Read more here: https://lnkd.in/dNYaAEX3 Join us at booth No 7C40 🤘 #FintechLithuania #Money2020 #Innovation #GlobalGrowth

🌍 Exciting news from INFOBALT committee Fintech Lithuania! 🌍 ✈️ We’re thrilled to announce the "BUSINESS MISSION TO THE USA" as part of our initiative to promote the export competitiveness of “Fintech Lithuania”. This mission is set to include seven Fintech sector representatives who will participate in Money20/20 Las Vegas 2024, one of the world’s most significant events for financial services and Fintech. Taking place annually in Las Vegas, Money 20/20 serves as a premier platform for networking and exploring the latest innovations, trends, and solutions in payments, banking, and financial technologies. Additionally, we’ll be hosting B2B meetings and a networking event in New York, the global financial capital, to further expand collaboration and growth opportunities. This mission offers a unique chance for Lithuanian companies to showcase their innovations, strengthen international partnerships, and boost their presence in global markets. We’re looking forward to driving Fintech growth and expanding Lithuania’s global footprint!🚀 A special thanks to the Government of the Republic of Lithuania for co-financing this project. 🤝 #INFOBALT #Fintech #Lithuania #BusinessMission #Money2020 #GlobalPartnerships #Networking #Innovation #ExportGrowth

🎉 ConnectPay launches the European Fintech Index (EFI)!   This new initiative offers a detailed look at the fintech landscape across Europe, leveraging a broad collection of open data on fintech companies.   The EFI explores three key areas: Business Attractiveness, Market Attractiveness, and Fintech Attractiveness, providing insights into the sector's dynamics.   Seeing a Lithuanian company taking the lead on this initiative reflects Lithuania's active role in Fintech and its commitment to enhancing industry transparency.   Cheers to more innovative projects coming from Lithuania, contributing to global fintech development! 👏

Home to established fintech businesses with ample room for innovation Our next country report for the free WTM FinTech Wikipedia is here! Can you guess which payment landscape we're featuring? ▪️ Home to over 850 fintech companies, financial institutions, and #tech businesses ▪️ Boasts the EU's second-largest fintech industry and ranks third in #VC funding ▪️ One of the world's lowest #cash usage rates: only 7% of POS transaction value in 2023 ▪️ A global #fintech leader with a strong business climate, robust digital infrastructure, and innovative companies like Adyen, CM.com, Floryn, Mollie, bunq, Buckaroo, and Bitfury ▪️ Home of iDEAL, an account-to-account payment scheme acquired by the European Payments Initiative (EPI) in October 2023 The answer is in the latest report by ‘What the Money?': 🇳🇱 Netherlands – WTM country profile: https://lnkd.in/dAPxGwvW 👉 Find more FREE fintech reports here: https://lnkd.in/dpPtb_hZ

How difficult is it entering Italian Fintech market? We've tried to simplify complexity in a dedicated white paper. If you are part of a fintech company and you are thinking of expanding into the Italian market...you can't miss this content!

Lithuania: The Powerhouse of Fintech Innovation 🌟 As the largest Fintech hub in the EU by the number of licenses issued, Lithuania is a powerhouse of financial innovation. The country’s mature and high-quality Fintech ecosystem, supported by a robust regulatory framework and a deep talent pool, makes it an ideal location for rapidly growing Fintech companies and established financial institutions. Need proof? Here are some impressive facts: - 🥇 1st in the EU by the number of licenses issued - 🌍 27 million European customers served by Fintech licensed in Lithuania - 📈 270+ Fintech companies established in Lithuania - 🌐 9th globally among top Fintech jurisdictions - 🌟 Home to global players like Western Union - 💰 3rd in the EU for crowdfunding licenses issued Lithuania is at the forefront of Fintech innovation, driving growth and setting standards in the industry through collaborative co-creation. #Fintech #Innovation #LithuaniaCoCreate #CoCreatesolutions Foto: https://we.tl/t-D2FpJny4Wy

Poland Payment Institution License Poland has emerged as a dynamic hub for fintech innovation, fueled by a rapidly digitizing population, a supportive regulatory environment, and a growing ecosystem of startups and established players. The country's ambition to become a top-30 global financial center by 2028 underscores its commitment to fostering a thriving payment services industry.  Key Drivers of Growth • Increasing consumer expectations: Polish consumers demand seamless, personalized, integrated financial solutions; • Bank-fintech collaborations: Traditional banks actively partner with fintech startups to drive innovation; • The success of homegrown solutions: The BLIK mobile payment system, with over 13 million users, exemplifies the potential of locally developed payment solutions. Types of Fintech Players • Payment institutions: These entities can operate domestically and internationally, offering a wider range of services than small payment institutions; • Finance management providers: Focusing on personal finance tools and investment platforms; • Software providers: Developing fintech-specific technology solutions. Read our new article here to find out more on this topic: https://lnkd.in/eBcx3teM International Fintech Business (IFB) can help you enter the fintech industry. We can help you incorporate a company with an SPI license in Poland. IFB also provides a diverse selection of ready-made companies with these licenses for sale. Our experts can help answer any questions you may have. Contact us today! For details: office@ifbusiness.uk More info: ifbusiness.uk #IFB #Fintech #Poland #Europe #SmallPaymentInstitutionLicense #PaymentInstitution #PaymentInstitutionLicense

Here is small post-Soviet Lithuania (no offense intended), with a bunch of internal problems, including emigration, a partial split by culture-language in society, constant threats from Russia (and Belarus), which has sheltered many startups, on the slide below - this is only fintech! ...And yet I still can’t fully understand what’s wrong with Cyprus? - we have an ocean of sun, but alternative energy, to put it mildly, is not taking off, and in our electricity bills we pay 'for fuel' - we don’t have winter, but we import most agricultural products from countries, some of which have a much worse climate - now they are actively starting to attract an IT cluster... but it turns out to be mostly gambling, betting, forex... that is, not the most beautiful stories from any point of view. I think some of them are even fictitious, ML-involved, come from crime, and this will someday come back to haunt the state, like the story with golden passports. I don’t want to whine further, and so everything is known. What is the reason? Corruption? Indifference? Heat? Protaras beaches? Souvlaki? Siga-siga?

Fintech Hub LT in the latest Fintech News Baltic article - What was 2023 like for Lithuanian fintech companies and what to expect in 2024?   Let's look at some key highlights:   🌍 Global Impact: Lithuanian fintech companies provided payment services to 27 million customers across the EU in 2023.   💡 Innovation & Growth: The sector's revenues saw substantial growth, reaching EUR 227 million in the first half of 2023, and the amount of payment transactions more than doubled to EUR 221 billion.   🌟 Milestone Year: With new guidelines for the development of the Lithuanian fintech sector for 2023–2028 approved, 2024 is set to be a milestone year. The goal is to establish Lithuania as an internationally recognized high-value-added European fintech hub.   More👇   #LithuaniaCoCreate #CoCreateSolutions #FintechHubLT

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