Lithuania’s FinTech industry defies the global recession


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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.

Read More: Lithuanian fintech sector defies global downturn

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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