Lithuanian fintech sector defies global downturn
Lithuania's fintech sector defied the global investment downturn in 2022, recording an 80% increase in revenue.
Source: finextra.com
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Lithuania's Fintechs Defying Global Downturn with 80% Revenue Increase, Says New Report
The fintech sector remains buoyant in Lithuania, defying a global investment downturn, according to a new review of performance in 2022. The Fintech Landscape in Lithuania 2022-23 Report from Invest Lithuania notes an 80% increase in the income generated from all licensed Lithuanian fintechs’ banking activities in H1 2022 over the same period in 2021, reaching €375 million.
Source: financialit.net