LB - who it supervises in fintech
159 licensed entities in the official registers and 19 source-verified catalogue providers answer to Bank of Lithuania.
The Bank of Lithuania (Lietuvos bankas) is the central bank and financial supervisor that deliberately built Europe's biggest e-money cluster: a single licensing gateway, a newcomer programme and pragmatic supervision made Vilnius the EEA's fintech-licensing capital. A large share of the EEA's EMIs - and many of the IBAN and BaaS providers in this catalogue - answer to it. Official site: LB.
In the official registers
Register-sourced rows for this authority (EBA PSD2 + ESMA MiCA; as-of dates on each row). Registers have no legal significance - confirm current status with the supervisor.
| Licence class | Entities | Official register rows |
|---|---|---|
| Payment institutions | 54 | browse the rows → |
| E-money institutions | 94 | browse the rows → |
| AISPs (account information) | 5 | browse the rows → |
| MiCA crypto-asset service providers | 6 | browse the rows → |
Verified providers under LB supervision (19)
Catalogue providers whose official register row names this authority - each verified at source and cross-linked to its row:
Local IBANs: LT
Bankera (Lithuania) - business and personal banking (LT IBANs, SEPA/SWIFT, cards) operated via UAB Pervesk (EMI, Bank of Lithuania). Earlier 2017-18 ICO-funded history.
Local IBANs: LT
ConnectPay (Lithuania) - BaaS and embedded finance for platforms (accounts, payments, cards). EMI No. 24 (Bank of Lithuania); PIS/AIS extension 2024.
Local IBANs: LT GB
DiPocket (Lithuania; + UK) - card issuing and IBAN accounts; Visa & Mastercard Principal Member. EMI, Bank of Lithuania (EEA) + FCA (UK). SEPA + SWIFT, LT IBANs and UK Faster Payments.
Local IBANs: ES GB BE
EMI FCA (Ebury Partners UK) + Ebury Partners Belgium (EEA) + Spain branch (Bank of Spain reg 6889); own-IBAN accounts; majority Santander.
Local IBANs: LT
Genome (UAB Maneuver, Lithuania; since 2018) - LT IBANs, accounts and cards. EMI LB000453 (Bank of Lithuania).
Kontomatik (Warsaw + Vilnius) - CEE open-banking pioneer: AIS data aggregation, KYC and income/credit scoring across CEE and Iberia (15+ countries). First AISP in the KNF register (Poland) plus Bank of Lithuania (2018).
Montonio (Tallinn, Estonia; founded 2018) - Baltic checkout platform: pay-by-bank links to every major bank in Estonia, Latvia, Lithuania and Poland, plus cards, Apple/Google Pay and multi-lender BNPL comparison in one checkout; USD 12m Series A (2022). Licensed via Montonio Finance UAB (Bank of Lithuania PI).
Local IBANs: LT
UAB NexPay (reg 304708124) - EMI, Bank of Lithuania; dedicated IBANs + payments for digital businesses; passported across 30 EEA; SEPA (SCT/Inst) + SWIFT (BIC NEUALT21). Also crypto OTC (Nexdesk).
Payhawk (Bulgaria + UK) - AI-native spend management. Own EMI: Bank of Lithuania (EEA) + UK FCA; also distributes e-money as agent of Paynetics (BG). J.P. Morgan partner.
Local IBANs: LT
Paysera (Lithuania; since 2012) - LT IBANs, SEPA, multi-currency accounts and cards. EMI LB000251 (Bank of Lithuania).
Local IBANs: LT
Satchel (SatchelPay UAB, Lithuania) - LT IBANs (personal and business) and cards. EMI No. 28 (Bank of Lithuania, reg 304628112).
Local IBANs: DE
Solaris (Germany) - BaaS, card issuing and BIN sponsorship on a German banking licence. Credit institution, BaFin. Acquired Contis (2021). NB: heightened BaFin supervision (onboarding restrictions, fines 2024-2025).
Local IBANs: LT
Vialet (Via Payments UAB, Lithuania) - business accounts with dedicated LT IBANs (no pooled accounts), virtual cards, card acquiring, SEPA Instant + SWIFT, mass payouts and open banking. EMI, Bank of Lithuania.
Monavate (UK; + Lithuania) - card programme issuing and BIN sponsorship; Visa / Mastercard / Discover Principal Member. UK FCA (901097) + UAB Monavate (Bank of Lithuania, LB002139, EEA). EEA card rail via the Lithuanian entity.
Local IBANs: GB LT MT
Nium (UK; + Singapore) - global cross-border payments and card issuing with APAC roots. EMI FCA (UK) + EMIs in Lithuania and Malta (EEA).
TransferGo (London, UK; Lithuanian founders) - cross-border payments + business accounts. EMI Bank of Lithuania (EEA) + FCA.
Yapily (UK) - white-label open banking infrastructure across 2,000+ banks in 19 EU countries. AISP + PISP (FCA).
ZEN.com (London, UK; founded 2018 by Dawid Rozek, co-founder of G2A; offices in Warsaw and Vilnius) - multi-currency accounts and Mastercard cards for consumers and businesses (Apple/Google Pay). EMI licensed by the Bank of Lithuania (2018) + UK FCA EMI (2024). Polish roots. Register-sourced: E-money institution (EMI), Bank of Lithuania, ref LB000457; passported to 30 EEA states.
Nuvei (Canada) - global PSP with local acquiring in 52 markets; MiCAR CASP + PI for EMT; launched Wero e-commerce.
No longer operating (2)
Kept on record on purpose: licences get revoked and providers fail, and checking status before signing is part of due diligence. These are not live options - they are left out of the list and the counts above.
Where licences cluster - and why regulator geography is strategy - is mapped from our own register dataset in who holds Europe's fintech licences. See all verified providers headquartered there: fintech infrastructure in Lithuania.
FAQ
Why do so many fintechs get licensed in Lithuania?
A deliberate strategy: the Bank of Lithuania offers a single supervisory gateway, faster authorisation than most large markets, and infrastructure access (including CENTROlink for SEPA) - and one Lithuanian EMI or PI licence passports across the whole EEA. The result is the largest e-money cluster in the registers, mapped in our register analysis.
Is a Lithuanian licence weaker than a German or French one?
Legally no - EMD2 and PSD2 are EU directives, and a Lithuanian authorisation passports with the same rights. Supervision style differs, and the Bank of Lithuania has tightened AML expectations as the cluster grew. As everywhere: the licence says what a firm MAY do; verification of the specific provider is the second step.