For Fintech startups ready to scale-up
Lithuania has recently become Europe’s most exciting and inviting FinTech hotspot. This small Baltic country is topping European lists as the most favourable country for FinTech regulation, with Revolut and Google recently opting for Lithuania to obtain their European banking and electronic money institution licenses.
What do you get?
Qualified introductions to get leads for your new local clients.
Meeting the right people (from government and regulatory bodies to most successful startups) so you become familiar with the key ecosystem players
360° overview of practical aspects of running a FinTech startup in Lithuania
Dorota Skuseviciene from Startup Division will be your Scaling Manager
Our network & Scaling Managers remain at your disposal, and you have the chance to earn other opportunities beyond the Deep Dive Week
Travel costs support
Reimbursement of up to 500€ of travel expenses
Second in the EU (after the UK) in number of granted e-money and payment license. You can get a license in 3 months – that is 2-3 times faster than in other EU countries;
It has a sandbox environment with no regulatory sanctions for FinTechs for the 1st year;
Offers “lite” bank license for challenger banks with 5 times smaller initial capital requirement;
Enables direct technical access to SEPA and ability to issue your own IBANs via Bank of Lithuania API;
Supplies the right kind of talent with 17,000 people employed in FinTech sector and 31,500 people employed in IT.
Dorota Skuseviciene www.startupdivision.eu
Startup Division has been one of the main drivers of the ecosystem development, with its members being placed in some of the most relevant venture funds or innovation consultancies, effectively connecting the Baltics as a multi-city hub.