Fintech Breakfast: “Building Baltic Fintech: Lithuania Case Study”

Published On: January 17th, 2025

What an incredible start to 2025 at our Fintech Breakfast: “Building Baltic Fintech: Lithuania Case Study”! 🌟

This morning, we gathered nearly 70 seasoned professionals and industry experts at Magnetiq Bank for a sold-out event, serving as an official satellite to Baltic Fintech Days 2025. With some of the brightest minds in the industry, the discussions were as insightful as they were inspiring.

🎤 Chris Crespo, Founding Partner at Nordic Fintech Magazine, kicked off the event with an engaging introduction to the Baltic fintech ecosystem. Chris highlighted the region’s unique blend of talent, ambition, community engagement, and “hunger” as the main driving force for the ecosystem, setting a bold vision for Baltic Fintech Days 2025.

Keynote Highlights:
1️⃣ “Navigating Fintech: Lessons from the Lithuanian Experience”
Marius Jurgilas, PhD, Co-Founder and CEO of Axiology, delved into Lithuania’s fintech success story, emphasizing the importance of creating dynamic, accountable transition paths rather than focusing solely on end goals.
2️⃣ “The Ecosystem Driving the Rise of Tomorrow’s Fintech Unicorns”
Aurimas Bakas, CEO and Co-Founder at CyberUpgrade, shared real-world insights into how Lithuanian fintech ecosystems and companies have become global ambassadors for the country, pitching not just your startup but the whole Lithuania as a hub.

💬 Panel Discussion:
Moderated by Tīna Lūse (Managing Director at Fintech Latvia Association), panelists Greta Ranonyte (Head of Fintech Hub LT), Deniss Fiļipovs (Magnetiq Bank board member), Kamile S. (ROCKIT Vilnius), along with keynote speakers Chris Crespo, Marius Jurgilas, and Aurimas Bakas, explored the theme: “Collaborate or Compete: Unlocking the Potential of Baltic Fintech Synergy.”

Key takeaways:

  • Collaboration across the Baltics can position the region as a dynamic and attractive fintech hub, not just as a target market but as a gateway to Europe.
  • The interplay between fintechs, governments, and regulators must balance risks and rewards, with the courage to take calculated risks for greater innovation.

Bottom line: The Baltic region’s strength lies in synergy. Together, we can unlock untapped growth and innovation. The Baltics can position itself as a mixed fintech scene, offering endless possibilities for innovation and development.

💚 A huge thank you to Magnetiq Bank – Jakub Więcław & Julija Fescenko – for hosting this inspiring event and bringing the fintech community together. And to everyone who joined us today – thank you for your energy, insights, and engagement!

Let’s keep the momentum going as we move toward Baltic Fintech Days 2025. 🚀

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