The Lithuanian fintech sector has grown considerably in 2019 with a remarkable growth of 24% in terms of the overall number of companies, claims the annual Fintech Landscape in Lithuania report. Going by the same, there are 210 fintechs and 102 issued licenses that make the country the second-largest fintech hub in Europe.
In addition to a growth of 24% in the number of fintechs in the country, the number of jobs in the sector has increased by over 30% (3,400 jobs). This report foreshadows what we can expect to continue in 2020. Besides the likely growth, the regulatory innovations are poised to make the Lithuanian fintech sector more competitive and robust. Here is a list of startups in Lithuania that make the country among the largest fintech sectors in Europe.