Post-Brexit, Lithuania became the place to obtain an EU financial services licence. Driven by a cooperative fintech strategy between the Ministry of Finance and Lithuania’s Central Bank, the country reached 282 fintechs employing 7,800 people by 2024.
Another driving factor was the introduction of a specialised banking licence that allowed players to obtain a licence with smaller capital requirements. By Q3, 2025, these specialised banks had over €1.6 billion in assets.
“As a mature market, Lithuania’s current regulatory focus is on protecting financial stability and preventing AML/TF issues rather than rapid growth,” says Akvile Jurkaityte, Senior Associate at Sorainen Law Firm, where she specialises in fintech, crypto assets, and compliance issues.
Read more at Nordic Fintech Magazine.
