Lithuania on the Shortlist to Become Europe’s Leading FinTech Hub
Brexit has pushed quite a few U.K. fintechs to search for greener pastures
Due to the United Kingdom’s departure from the European Union, many salient London fintechs have been eyeing new locations to set up shop. With its rapidly growing fintech sector, Lithuania is shaping up to be the go-to destination for ambitious companies looking to forward their expansion into the EU market. That said, the U.K. remains a leader in terms of attracting fintech investment. The question is, for how long?
Following Brexit, prominent U.K. fintechs, such as Revolut and Yapily, have announced expanding operations to Vilnius, the capital of Lithuania, which is well-known for its thriving fintech ecosystem. Fast license issuing, global talents, and innovation-friendly regulation have made Lithuania the perfect fit for companies eager to stay within the EU’s regulatory framework, as well as aiming to fast-track their growth even further.