Sorainen advised Valyuz on establishing a company in Lithuania and obtaining an e-money institution licence from the Bank of Lithuania.

Valyuz is a fintech company planning to provide a cutting-edge alternative solution to traditional banking and to become a platform-of-choice for international corporate clients in the technology sector. Valyuz is planning to offer electronic money accounts, payment transactions via the SEPA payment system, issuance of payment instruments and other services.

Sorainen provided legal advice on establishing the company, structuring the equity capital and assisted in concluding a shareholders agreement. Sorainen also advised the client on licensing procedure and represented the company at the Bank of Lithuania.

The Sorainen team included partner Augustas Klezys, with associates Urtë Armonaitë and Inga Macijauskaitë.