Page 15 - FintechAtlas2019

Lithuania
Size
# of active local fintechs
15
6
25% 25
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Startup Wise Guys
StartUp HUB Poland
Baltic Sandbox
Entrée Capital
Crosspring
Seedrs
Blumberg Capital
Startupbootcamp
Sequoia Capital
Wellington Management Group
18%
5%
Technology Support
€5M
0
Cumulative funding 2008-2019
€10M
Funding trends
330+18+5+5++6+825+ 7+18+5+70 29%
8% 3% 5% 7% 6% 8 3 5 5%
5
19 19%
101 € 38M 70%
30
Capital Markets Wealth Management
2014
Debt
2015 2016
Seed/Angel
2017 2018
Not specified
2019
Funding (€)
19.8M
30K
20K
14.1K
11.8K
Top funding rounds 2019
Investor
# of investment
2
2
2
2
1
1
1
1
1
1
Company
SME Finance
HODL Finance
Future Technologies
Funding Date
11/2019
4/2019
7/2019
iDenfy 6/2019
iDenfy 3/2019
Selected Top VC investors ranked by number of investment in local fintechs from 2008 to 2019. Lowest category ranked by date of investments.
Sources: Tables include fintechs headquartered in Lithuania. Funding rounds and amounts are relative to the period from 2008 to 2019 and exclude M&A, IPO and ICO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population 2019 (M)
GDP total 2019 (€ Bn)
GDP per capita 2019 (€, at PPP)
GDP growth 2019 (% yoy)
GDP growth 2020 (% yoy)
Official currency
2.7
47.9
25,000
3.9
-8.6
EUR
Total bank assets 2019 (€ Bn) 30.7 Total bank assets (% of GDP) 64 Account ownership 2020 (% of population) 87 Debit card ownership 2020 (% of population) 60 Internet usage 2018/2019 (% of population) 80 Usage of internet to pay bills 2020 (% of population) 71 Sent/received digital payments 2020 (% of population) 91 Source: national sources, ECB, ITU, World Bank, RBI/Raiffeisen RESEARCH; estimates for 2020 penetration ratios
Source: IMF, ITU, World Bank, RBI/Raiffeisen RESEARCH, data for 2019 and estimates for GDP growth 2020
333.1K
90K
576.9K
979.8K 475.9K
6.3M 7.8M
4.7M
4.1M 8.8 M
19.8M
50K
19.8 M