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In 2017, Estonia became amongst the first countries in Europe to provide a legal framework for business activities involving virtual currencies. Since then, the Baltic country has emerged as a preferred destination for crypto entrepreneurs to launch their businesses. In a space of three years, Estonia licensed more than 1,400 entities, but as part of…

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…