Sorainen advised Corporate Services in obtaining an e-money institution licence from the Bank of Lithuania.

The company belongs to the Latvia-based Corporate Solutions group which, through its related Latvia-based company PAYYAP Retail, provides solutions for small and medium sized merchants in the retail industry. Corporate Services in cooperation with PAYYAP Retail will provide technical and administrative solutions, electronic money and payment services to merchants and other clients across the Baltics.

Sorainen advised the company on licensing procedure and company establishment and represented the company at the Bank of Lithuania.

The Sorainen team included partner Augustas Klezys and associate Urtë Armonaitë. Sorainen advised the client in cooperation with Inventio Capital.