Coming of Age: Lithuania's Evolving Fintech Strategy - Gintare Baciuliene, Invest Lithuania

In our latest interview, we sat down with Gintare Baciuliene, the Head of Technology Sector at Invest Lithuania. Gintare shared her insights on the evolution of the Lithuanian fintech sector, highlighting the successful implementation of the first strategy that kickstarted sector development and attracted numerous innovative companies. The updated fintech guidelines, developed collaboratively with over 20 contributors from government and the private sector, chart a path for Lithuania's next stage of growth, focusing on maturity and quality within the regulated sector.

Gintare explained Invest Lithuania's pivotal role in this growth, emphasising its efforts in fostering a thriving environment for fintech companies. The agency has been instrumental in driving sector expansion, working closely with the Bank of Lithuania and the Ministry of Finance to increase competition and promote innovation in the financial sector. With the updated strategy, Invest Lithuania now aims to encourage measured growth and support companies in achieving the necessary maturity for success in a regulated environment. This interview reveals some of the key success factors of one of the world's fastest growing and most innovative Fintech ecosystems!