We advised Vance Inc., operating under trading name Aspora, a US-based fintech company, on its acquisition of a controlling stake in UAB Hokodo, a Lithuanian electronic money institution.
The Bank of Lithuania approved the acquisition of a shareholding exceeding 50% of the share capital and voting rights in UAB Hokodo, enabling Aspora to acquire control of the regulated entity.
Aspora provides cross-border financial services and serves customers across several international markets, including the United States, the United Kingdom and the United Arab Emirates. UAB Hokodo is a Bank of Lithuania-licensed electronic money institution providing digital payment solutions.
The acquisition supports Aspora’s continued expansion in Europe and strengthens its position within the regulated financial services sector.
Our team and services
Our team, consisting of partners Tomas Kontautas and Evaldas Dūdonis, counsel Raminta Karlonaitė-Durnan, senior associate Akvilė Jurkaitytė, associates Karolina Kasciukevičiūtė, Andrius Pilitauskas and Eglė Mikšytė, advised Aspora on all legal aspects of the transaction, including legal due diligence, transaction structuring, preparation and negotiation of the share purchase agreement, regulatory approvals and related Lithuanian law matters.
