Page 15 - RBI FIntech Atlas 2018

15
Lithuania
Size
# of active local ntechs
Funding trends
Cumulative funding 2008-2018
32%
€10M
4 4 6 6 5 6 35%
6% 5% 4% 6%
5 4 3 5 4%
3
85
Insurance Corporate Banking Capital Markets Retail Banking SME Banking Wealth Management
Top VC investors
Entrée Capital 2
Blumberg Capital 1
Sequoia Capital 1
Route 66 Ventures 1
EIT Digital 1
Startupbootcamp 1
Wellington Management Group 1
ApexFree 1
Nextury Ventures 1
27% 23
€18M
62% 6%
12 14%
€5M
0
30
Technology Support
Debt Seed/Angel
Not disclosed
2013 2014 2015 2016
2017
Funding (€)
11.7M
6M
883K
104K
84K
Top ntech companies
Investor
# of investment
Company
Alternative Payments Universa Blockchain Platform
WoraPay
Dealoyal.com
Spectro Coin
C ow
Claims Control
Welltrado
Description
Payment options for e-commerce
Blockchain platform
Mobile payments system
Cash back offer marketplace
All in one solution for virtual currencies
E-accounting 63K
B2B insurance claims collaboration 41K platform
Alternative to the traditional banking system 21K
Selected Top VC investors ranked by number of investment in local ntechs from 2008-2018. Lowest category ranked by date of investments.
Sources: Tables include ntechs headquatered in Lithuania. Funding rounds and amounts are relative to the period 2008-2018 and exclude M&A and IPO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Source: Eurostat, IMF, European Commission, RBI/Raiffeisen RESEARCH Latest available data as of 2017/2018
Data for 2018, estimates Source: ECB, national sources, World Bank, RBI/Raiffeisen RESEARCH
Total bank assets (€ Bn) 19
Total bank assets / GDP (%) 64
Account ownership (% of population) 83
Debit card ownership (% of population) 56
Internet usage (% of population) 81
Usage of internet to pay bills (% of population) 50
Send/received digital payments (% of population) 66
Population (M) 2.8
GDP total (€ Bn) 45
GDP per capita (€, at PPP) 24,920
GDP growth (%) 3.6
Of cial currency EUR
83K
3.8M
3.9M
336K 403K
40K
184K
7.9M 8.5 M
5.9M