Global integration
Lithuania is an integral part of Europe and the world – from optics in your local university lab to the photo editor on your Mac, from mobile gaming to second-hand commerce, from cybersecurity to data provision. The privacy app on your phone, the satellite passing overhead, the challenger bank licensed to serve the whole EU from one small country – there’s a fair chance Lithuania is somewhere in the story.
Everywhere you click
When it comes to tech, you’ll find the Lithuanian touch everywhere. Whether it’s buying and selling second-hand goods and clothes through the global giant that is Vinted, or protecting your identity online with NordVPN or Surfshark, some of the biggest players are Lithuanian. The country has made its name not by tweaking, but by transforming how we live online.
You can build a website on Hostinger or gather public web data for business insights using Oxylabs. Play a game or explore a virtual world built by Nordcurrent, or use a 3D tool powered by technology developed by Unity‘s teams in Vilnius. In fact, if you’re building a business online, whether it’s organising payments, looking for a reliable KYC partner or searching for ways to build AI into your customer journey, you’ll no doubt have met a Lithuanian business. Everywhere you click, you’ll find Lithuania.
Banking without borders
In the last decade, the world of finance has been transformed by fintech, and Lithuania has played a vital role in that story. Whether it’s challenger banks such as Revolut, which gained its first banking licence in Lithuania, or apps like TransferGO that are changing how international money transfers and remittances are made, Lithuania is a disruptive force with a massive reach. As many as 1 in 10 EU residents use fintech products licensed in Lithuania, with upwards of 40 million EU customers served by companies licensed here.
The fact that the number of people served by Lithuanian fintech outstrips the country’s entire population 14 times over is proof positive that the sector can scale successfully. It is also a reflection of its maturity. Now entering its second decade of growth, the sector comprises 248 local and international companies, including Paystrax, AMLYZE and many others.