The FinTech industry in Lithuania saw an 80% increase in revenue in 2022, despite a worldwide decline in capital expenditures that year.
The revenue from all licensed Lithuanian FinTech’s banking activities in H1 2022 increased by 80% over the same period in 2021, reaching USD 375 million in the nation that has worked to establish itself as a FinTech hub. This was a 26-fold increase over the first half of 2018, with revenue increases of more than 100% reported by the top ten fastest-growing FinTech companies.
The report also reveals that there are now 263 FinTech companies headquartered in Lithuania, employing 7000 people, a 19% increase from 2021.
