Revolut, a UK-based fintech startup that holds a banking license in Lithuania, has completed the formation of Revolut Bank's management board in Lithuania and has appointed a new CEO of its Ireland-registered subsidiary.
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2018 was another hugely successful year for Fintech in Lithuania and saw the country cement its status as one of Europe’s leading Fintech hubs. The sector expanded by 45% and saw big names in the industry like Revolut and Google receive licences from the Bank of Lithuania.
The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money institutions had activity licences issued by the Bank of Lithuania licenses in 2017, as in 2016 there were just 1...
Revolut has announced this week that it has applied for a European Banking Licence and begun building its own in-house payment processor as the London-based fintech pursues its vision of building the first global banking app, Revolt wrote in a press release.
Revolut has taken a further step towards positioning Lithuania as a key market as the innovative fintech announces the launch of a Vilnius-based office and team.
Startup Lithuania, a team of Enterprise Lithuania, a government agency to assist startups in Lithuania, relocates to the biggest startup hub in the Baltics and Nordics, soon to be launched in Vilnius. The decision to move part of the government agency closer to startups themselves clearly represents...
UK-based fintech startup Revolut is to open a finance centre in Lithuania. The company, which provides payment services across Europe, plans to recruit a team of up to 40 IT specialists. The precise number will depend on the company’s rate of expansion.
