“Elektroninių pinigų bitė” obtained an electronic money institution license

Our Fintech law team successfully represented UAB “Elektroninių pinigų bitė” in obtaining an electronic money institution license. The company serves related companies – mutual lending and crowdfunding platforms FinBee, FinBee for business, and their customers. From now on, customers of these platforms will be able to keep their funds for investment and make payments using the services of “Elektroninių pinigų bitė”.

Our financial law experts prepared the necessary licensing documentation and cooperated with the Bank of Lithuania, as well as advised the client on the implementation of the desired business model and ensuring compliance in the regulated field of activity.