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Paysera, a Lithuanian payment processor with a dominant presence in the Baltics, has raised its authorised capital from EUR 3 million up to EUR 7 million. The capital was raised from the accumulated profit. Vytenis Morkūnas “Paysera has become a well-known financial partner in the Baltic region and Central Europe, and also beyond the European borders. Its…

The European Central Bank (ECB) granted its sixth specialised bank license to Crius LT, UAB following the assessment and proposal of the Bank of Lithuania. The main difference between a specialised and a full-range bank is that the former is not authorised to provide investment services. The opportunity to establish a specialised bank was introduced in…

Ondato, a Lithuanian digital and biometric authentication startup, raised $2 million in seed funding and announced its expansion into Europe naming London as its new headquarters. The business will now be based in London’s Canary Wharf district. Following the capital raise from B2B accelerator Startup Wise Guys and venture firm OTB Ventures, Ondato now looks to expand…

Many small businesses who tried to apply for a Paycheck Protection Program loan during the early days of the pandemic can tell you what a nightmare it was. I know, because it happened to my mother. In addition to my family’s tea company, which I wrote about here, my mother operates her own small business supplying…