visimoney
TLDR:
- Lithuania’s Fintech sector showed resilience and growth in 2023 despite global economic downturn.
- The country saw an increase in the number of Fintech companies, professionals, and gender parity.
In 2023, Lithuania experienced significant growth in its Fintech sector, with over 270 companies operating in the country. The number of professionals working in Fintech also saw an increase, with a focus on gender parity. Women made up 45% of the overall workforce and 43% of executive positions, indicating progress in terms of diversity in the sector. The country also embraced promising subsectors like blockchain and crowdfunding, making adjustments to comply with Europe-wide crowdfunding regulations. Lithuania aims to become a leader in embracing the EU’s Markets in Crypto Assets (MiCA) regulation, demonstrating its proactive regulatory stance in financial technology. With stable financial self-sufficiency and a focus on sustainable growth models, the outlook for Fintech in Lithuania remains promising. The majority of surveyed Fintechs anticipate consistent revenue growth in 2024, showcasing the potential for further market development.
