Meet Lithuanian startup and fintech ecosystem

We know, at least, 3 reasons to consider Lithuania as a home for your startup

  1. BLOOMING FINTECH In 2017, the Bank of Lithuania launched EU financial licenses for fintech startups, which resulted in rapid growth of Lithuanian FinTech ecosystem and new opportunities for the market players. At the moment, Lithuania takes the second place, only after the UK, for the number of licenses issued. You can get a license in 3 months, which is 2-3 times faster than in any other EU country. It’s not a surprise, that Lithuania’s FinTech industry grew by 45% in 2018.
  2. LIFE AND BUSINESS FRIENDLY Many companies choose Lithuania because of efficient processes as well as excellent infrastructure. A company can be opened in Lithuania in one week and this can be done entirely online. Vilnius municipality and many other governmental bodies officially operate in 3 languages (English being one of them). Majority of governmental and legal services are done online using a mobile signature. Vilnius offers the most cutting edge co-working spaces as well as high quality of life.
  3. STARTUP VISA Startup Visa program allows startups to register their company in Lithuania with a minimum capital requirement (2500 Eur) and access to the entire EU market. In 2018, three new VC funds were established in Lithuania and now Vilnius, the capital of Lithuania, is becoming one of the most attractive locations for startups looking to scale globally.

Let's do it together!

Baltic Sandbox has a wide network of corporate, governmental, community, and media partners, and we are always keen to expand it.

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Corporate partners

Mentors from Ergo, Swedbank, OP Groups, Bank of Lithuania, Areasix, Revolut, and others shared their expertise with our startups during the batches. Whether you’re looking for the innovations or interested in investing in startups we’d love to hear from you. Let’s discuss how we can collaborate!

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Venture partners

Different funds, such as Tera Ventures, Fidiasz, Maki.VC, SuperHero Ventures, Almaz Capital, and others alongside with LitBAN, LatBAN, and CVCs joined our Investors' Fridays and Demo Days. As an investor, you can get involved deeply in the acceleration program or get an invitation to our events. Let us tell you where and when.

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Community and event partners

We organize side events and pitching sessions at different events in EU: Slush, Login, TNW, Arctic15, we talk and sit in jury at DigitalK, TechChill, Pirate Summit, we are an active ecosystem builder in the Baltics and we are looking for an even greater network of community partners on a global scale. Let’s find out how we can collaborate.

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Government, NGOs, universities, policy makers  

As an accelerator, we do not just work with startups, mentors, and investors. We are inspired by major stakeholders in the country and are continuously supporting global cooperation between governments, universities, incubators, etc. If you think we can help you facilitate this process let us know!

Let's cooperate!

Drop us a line and we'll be back to you!