Lithuania offers a stable economic and political environment with high living standards, which makes the country one of the hottest spots for startups in Europe.
1 ) The Fintech scene in Lithuania is growing rapidly
The country is considered to be one of Europe’s leading Fintech hubs. The sector expanded by 45% and saw big names in the industry like Revolut and Google receive licences from the Bank of Lithuania.
2 ) Very highly qualified IT talent pool
Lithuania ranks first in Europe for internet upload speed and third for download speed, and ranks fourth in the world in terms of development of information technologies. Lithuania also ranks third place in the European Union for mobile network coverage rates. The most innovative communication technologies, such as LTE and WiMAX 4G are in full scale operation and cover the entire country.
3 ) The Fintech sector is highly international.
30% of all the Fintechs operating in Lithuania are headquartered abroad: Fintechs from the US, the UK, China, Singapore, and Israel all have important teams in Lithuania and the international sector is reflected in the markets that companies are targeting.
Are you interested in getting to know the ecosystem in Lithuania and how to be a part of the Soft-Landing program? Click here www.soft-landing.eu
We are looking forward to see you here in Lithuania!