Leading Associates

Fintech in Lithuania

Ellex Valiunas

The fintech team at Ellex Valiunas operates within the broader banking and finance practice area. It is one of the largest teams in the Lithuanian market and is well-regarded for its regulatory and compliance capabilities, drawing on the expertise of its AML-focused colleagues. Despite the tightening of regulations by the Bank of Lithuania (BoL), the firm’s fintech practice has increased, with significant new clients joining. Such additions include Robinhood, the only financial services company so far to receive a crypto-asset service provider licence from the BoL thanks to the firm’s work, and Payhawk, a global spend management platform. The team is led by Ieva Dosinaite, an internationally recognised fintech specialist praised by clients for her ‘technical expertise’ and pragmatic approach. She is closely assisted by Neringa Mickeviciute, an AML expert with over 15 years of experience in white-collar crime prevention and sanctions regulatory issues.

Responsables de la pratique:

Ieva Dosinaitė; Neringa Mickevičiūtė


Autres avocats clés:

Lina Radavičienė; Jurgita Žiaušytė


Les références

‘Ellex’s fintech advisory team combines deep legal expertise with clear, practical advice. They anticipate risks, react quickly, and keep things straightforward. Unlike many competitors, the team has the depth to handle complex matters without relying on external advisers, ensuring consistency and efficiency.’

‘The individuals we work with stand out for their mix of strong legal skills and practical, results-oriented advice. Ieva Dosinaitė combines technical expertise with a clear sense of what works in real life, while Lina Radavičienė is fast, clear, and approachable, always providing useful outcomes without delay.’

‘Compared with other firms, Ellex Valiunas brings a broader perspective and the confidence to handle complex, cross-border financial matters that many others would hesitate to take on.’

Principaux clients

Advent International


Robinhood


Payhawk


Vinted


Nuvei


NIUM EU


Nayax


Taiwania Capital


Bank of America


TransferGo


Principaux dossiers


  • Advised Robinhood on obtainment of MiCA and MiFID licences and establishing its first European hub in Lithuania.
  • Advised one of the largest private equity firms Advent International on its proposed acquisition of Nuvei Corporation, a global payment processing platform listed in Canada.
  • Advising Payhawk, Bulgaria’s first unicorn and a leading global spend management platform, on the establishment and development of its operations in Lithuania as an Electronic Money Institution.

WALLESS

WALLESS has developed a wide fintech practice, covering a broad scope of services ranging from regulatory investigations to transactions and licensing. Its clients include some of the biggest names in Europe’s fintech and electronic payments market. Notably, the firm helped DriveWealth's Lithuanian subsidiary obtain a financial brokerage firm licence, giving it access to the EU market. The team is led by Joana Baublyte-Kulviete, who is recognised for her expertise in financial regulations and restructuring. She is aided by fellow partner Gediminas Rečiūnas, an experienced M&A lawyer in the broader commercial sector. Another name to note is Laurynas Narvydas, who is praised by clients for his ‘experience and time management’.

Responsables de la pratique:

Joana Baublyte-Kulviete


Autres avocats clés:

Gediminas Rečiūnas; Laurynas Narvydas


Les références

‘Walless have shown deep knowledge of the fintech industry and used their real-life experience in their services that created a lot of value for us.’

‘Laurynas Narvydas particularly stands out for his experience and time management.’

Principaux clients

DriveWealth


Vinted, UAB


Ebury Partners Limited (Banco Santander group)


RIA Lithuania, UAB


SumUp EU Payments, UAB


DiPocket UAB


Iron Wolf Capital


Scalewolf


Nuvei, UAB


Yapily


Principaux dossiers


  • Advised DriveWealth, a major US wealthtech company, in obtaining a financial brokerage firm licence to provide investment services, as well as all matters relating to the licensing, upcoming launch of its activities and other legal matters.
  • Advised Ebury Partners Limited, part of Banco Santander group, on obtaining regulatory approvals for acquisition of Lithuanian payment institution ArcaPay UAB (regulatory permissions successfully obtained, transaction completion ongoing).
  • Assisted Iron Wolf Capital to launch an EUR 100 million early-stage fund to back the region’s most promising deep tech and AI startups.

Cobalt

Noted for its strong command of the local regulatory framework, the fintech practice at Cobalt handles a wide array of licensing and M&A matters in the banking and finance sector. Led by Akvilė Bosaitė, who is lauded for her expertise in niche practices including advising on one of the first public offerings of equity and debt securities in Lithuania, the team services clients in venture capital, asset management, financial services and private equity. Other leading partners include Eva Suduiko and Irmantas Norkus, who bring extensive experience in international financing and M&A transactions.

Responsables de la pratique:

Akvilė Bosaitė; Eva Suduiko


Autres avocats clés:

Irmantas Norkus


Les références

‘They listen to client issues and address them in the most appropriate way while exercising in-depth knowledge of the local regulatory and legal framework.’

‘Cobalt’s team is at the forefront of fintech practice in Lithuania. They are good at getting deals done rather than getting buried in the details.’

‘I would recommend Akvilė Bosaitė.’

Principaux clients

Alter Domus


Prosperus Asset Management


Corpay


Existing and new investors of Alter Domus (From Alter Domus, Permira, and Cinven)


Alpha Asset Management


Groa Capital UAB


B2 Impact UAB


Raft Capital Baltic Equity Fund


Korelya Capital


Principaux dossiers


  • Advised on the Lithuanian legal aspects of Cinven’s EUR 4.9 billion acquisition of a majority stake in Alter Domus from Permira.
  • Advised Prosperus Asset Management UAB on obtaining an alternative investment fund manager licence from the Bank of Lithuania.
  • Advised Raft Capital Baltic Equity Fund on the establishment and closing of its EUR 50 million fund, licensed by the Bank of Lithuania.

Response

Response is home to a vibrant fintech team, situated within the broader banking and finance practice group. The team’s varied caseload includes licensing, due diligence and AML; it is particularly well regarded in the market for its expertise in the crowdfunding sector. Most notably, it assisted ROIX, a Lithuanian crowdfunding service provider, in a lengthy legal process involving the design and legal structuring of its digital platform, which made its launch possible. The practice group is co-led by Vytautas Šenavičius, a prominent expert in the financial field; and Tadas Lukošius, who focuses on licensing and compliance. The team was further strengthened by the arrival of two senior associates, Robertas Grabys and Liutauras Vasiliauskas.

Responsables de la pratique:

Vytautas Šenavičius; Tadas Lukošius


Autres avocats clés:

Robertas Grabys; Liutauras Vasiliauskas; Karina Zenkevičiūtė; Kristupas Bagdonavičius; Andrius Karmonas


Les références

‘Tadas Lukošius – always fast and efficient. Great problem solver, team manager and an effective communicator.’

‘I’ve been working with Response for years, they are without a doubt the best fintech lawyers in the LT market.’

‘I would recommend Tadas Lukošius, Vytautas Šenavičius. They both are very fast and sharp, pro-business and know the market well.’

Principaux clients

„Trečia diena” (Rontgen)


“Bendras finansavimas” (SAVY)


InRento


HeavyFinance (InSoil Finance)


Finbee verslui


FinoMark


Crowdison (ROIX)


Greenit Crowd


Capital Go Invest


Nordstreet


Hokodo


NS Pay


Būsto paskolų refinansavimas (RefiGo)


SME Bank


SME Finance


AB “Mano bankas”


NEO Finance, AB


Principaux dossiers


  • Advising and preparing all licensing documentation to over 20 crypto-asset services, which seek to obtain crypto-asset service provider licences under the new MiCA Regulation.
  • Advised UAB BLUE EMI LT on becoming one of the first MiCA-compliant EMT issuers in the EU and integrating with Axiology’s DLT-based financial infrastructure.
  • Advised ROIX UAB on its launch as a regulated crowdfunding service provider under Regulation (EU) 2020/1503, including full documentation and compliance support.

Sorainen

Sorainen has a dedicated fintech team situated within its broader financial services and insurance sector group. The team covers transactions, investments, loans and licensing, and places a strong focus on corporate law. Most notably, it advised Nuvei, a global payment technology company, on the sale of its shares to Advent International in a multibillion-dollar transaction, one of the biggest deals in the local market to date. The team is co-led by Tomas Kontautas, a partner with a strong background in banking regulatory law, and Augustas Klezys, who focuses on finance and insurance law.

Responsables de la pratique:

Tomas Kontautas; Augustas Klezys


Autres avocats clés:

Akvilė Jurkaitytė; Kazimieras Karpickis; Vincas Sniute


Les références

‘They have a big and strong team which can help you in very fast timing.’

‘Sorainen stands out for their deep expertise. The team is highly knowledgeable, business-minded, and able to provide practical solutions that go beyond pure legal analysis.’

‘Working with Sorainen is always smooth – their people are professional, approachable, and have a real can-do attitude. They are responsive, collaborative, and easy to communicate with, which makes even challenging projects feel well managed and under control.’

Principaux clients

Nuvei, global payment technology company


German financial institution


European Bank for Reconstruction and Development (EBRD)


Block Inc. and Verse Payments Lithuania


Google Payment Lithuania UAB


Principaux dossiers


  • Advised the global payment technology company Nuvei on the sale of part of its shares to Advent International. With a deal value of USD 6.3 billion, this transaction is among the largest in the fintech sector in Lithuania this year.
  • Advised a German financial institution on making a EUR 25 million investment in smeGo, the Lithuanian-owned financial services platform.
  • Advised the European Bank for Reconstruction and Development (EBRD) on providing a EUR 3 million loan to Noviti, a fintech company based in Lithuania that finances small, micro and medium-sized enterprises (MSMEs).

TEGOS (Formerly TGS Baltic)

Situated within the firm's broader banking and finance practice, TEGOS (Formerly TGS Baltic)'s fintech team takes on a varied caseload including licensing, transactions and regulatory proceedings. The firm acted as the sole counsel in the acquisition of a rare financial advisory firm licence. It also supported Travel Union, an electronic money and payment service provider, during a Bank of Lithuania inspection. The team is led by Žygimantas Stankevičius, a seasoned financial regulation lawyer, who is closely assisted by associate partners Evelina Tumakova-Kuzmič and Rasa Blinstrubienė.

Responsables de la pratique:

Žygimantas Stankevičius


Autres avocats clés:

Evelina Tumakova-Kuzmič;  Rasa Blinstrubienė


Les références

‘I would recommend Žygimantas Stankevičius.’

‘A very professional team that listens carefully to clients, identifies issues, and proposes effective solutions while working collaboratively to achieve the best possible results. They are open, transparent, and maintain clear communication. Charges are straightforward, with no hidden fees or unexpected surprises in the invoices.’

‘They listen attentively to the client, maintain strong relationships, and build trust by providing valuable advice, even on matters not directly related to the project at hand. Žygimantas Stankevičius is a highly professional fintech and crypto lawyer, offering deep expertise in regulatory compliance as well as broader financial areas.’

Principaux clients

Marius Bausys, the founder of UAB ArcaPay


UAB “Guru Pay”


Perlas Finance, UAB


Finci UAB


BLB Capital


Travel Union UAB


Principaux dossiers


  • Advised Marius Bausys, founder of ArcaPay, on the sale of the Lithuanian cross-border payments provider to UK-based fintech Ebury, backed by Santander Bank.
  • Advised BLB Capital on obtaining a rare financial advisory firm licence from the Bank of Lithuania – only the fourth ever issued in the country and the first since 2015.
  • Advised Travel Union in regulatory proceedings following a Bank of Lithuania inspection, leading negotiations that resulted in an administrative settlement.|

ECOVIS ProventusLaw

ECOVIS ProventusLaw is a boutique firm specialising in regulations and compliance, whose broad practice covers fintech, banking and AML procedures. The firm has been particularly active in licence provision cases, advising clients from initial structuring to regulatory approval. The practice is co-led by Inga Karulaityte Kvainauskiene, who specialises in financial regulations and compliance, and Loreta Andziulytė, who focuses on AML and transactions.

Responsables de la pratique:

Inga Karulaityte Kvainauskiene; Loreta Andziulytė


Les références

‘The firm’s lawyers are well-educated, have good practice, and regularly participate in various conferences and seminars.’

‘All partners of the firm are true professionals in this field.’

Principaux clients

Sardine


Proof Space


Wavebridge


Paychella


Coinpal


Paytend


Contis/ Solaris


NIUM


Phoenix Payments


Bebawa


Digital Virgo Payments


DeVere e-money


Travel Union


TransferGo


Zen.com


OneMoneyWay


Speedy


Digital Sovereignty Foundation


Ibanera LLC


M.F.Tel


Gabne.Gabnys

Gabne.Gabnys is a growing boutique firm, specialising in financial regulations and dispute resolution. The firm is co-led by experienced finance partner Andrius Gabnys, who specialises in fintech and online regulatory law, and Jovita Morta Gabne, a dispute resolution expert within financial law. With a notable focus on gambling law, the team's recent work includes acting in crypto-asset and insolvency disputes, obtaining licences and supporting clients with regulatory compliance.

Responsables de la pratique:

Andrius Gabnys; Jovita Morta Gabnė


Autres avocats clés:

Emile Navickaite; Akvile Svidraite


Les références

‘We worked with Andrius Gabnys, Emile Navickaite and Akvile Svidraite. Everything was very good. We did not need to ask anything, they anticipated every question we may have.’

‘We mainly worked with Andrius Gabnys. He is very talented and a nice guy. He has all the answers for Estonia and Lithuania. Never had any problems. ’

‘Gabne.Gabnys is the best fintech team we have worked with. No fuss, no arrogance. Just pure quality work. The best thing is that we can give them the most difficult tasks and they deliver flawlessly. Only because of them, we do not need to extend our in-house team like our competitors do.’

Principaux clients

Entain Group


Zimpler AB


Connect Pay, UAB


BTX Technologies LTD


Technologies Hub LTD


Skilltech Esports Ventures LTD


Via payments, UAB


Mano bankas, UAB


FinteqHub | Softswiss group


Primax


Checkout.com


Principaux dossiers


  • Advised and represented HNW client Maria Claudine Valencia Uthoff in a €2M multi-jurisdictional crypto fraud case against Bankera, involving cross-border litigation, regulatory actions, and asset recovery across Lithuania, Estonia, and St. Vincent & the Grenadines.
  • Representing three creditors with claims over €150,000 in the insolvency of UAB Payrnet, a defunct EMI, in a Supreme Court case likely to set precedent on liability allocation between licence holders and intermediaries in EU cross-border fintech insolvencies.
  • Advised multiple international crypto and fintech clients (12 mandates) on obtaining crypto exchange and wallet licences in Estonia between 2020–2025, navigating newly introduced regulatory frameworks, complex AML requirements, and multijurisdictional compliance for global operations.

Motieka & Audzevicius

The fintech practice at Motieka & Audzevicius covers a wide array of litigation and regulatory matters, with a particular emphasis on complex disputes. Led by Justinas Jarusevičius, the team takes on work involving a broad scope of jurisdictions; as well as frequent representation of clients in disputes against the Bank of Lithuania, the team has brought several cases before the Court of Justice of the European Union (CJEU).

Responsables de la pratique:

Justinas Jarusevičius


Autres avocats clés:

Vytautas Vaicekauskas; Paulius Grendelis


Les références

‘The level of loyalty that Motieka demonstrates is exceptional.’

‘Justinas Jarusevičius is our key contact at Motieka. The loyalty and dedication he and his colleagues demonstrate are fantastic. If you have a litigious matter related to regulatory issues, he is the one you want to have on your side, either in complex negotiations or litigation.’

‘I had also major interactions with associates Vytautas Vaicekauskas and Paulius Grendelis. Both of them were fantastic and delivered great results.’

Principaux clients

Bruc Bond


Alternative Payments


OLYMPIC CASINO GROUP BALTIJA


Principaux dossiers


  • Advised Bruc Bond on challenging the revocation of its payment institution licence by the Bank of Lithuania, securing a precedent-setting judgment from the European Union Court of Justice and reopening proceedings before the Supreme Administrative Court of Lithuania.
  • Represented Alternative Payments in litigation against the Bank of Lithuania, securing CJEU referral on whether SEPA scheme participation constitutes a direct debit service, potentially annulling licence revocation and impacting EU Fintech regulation.
  • Represented a defendant in Lithuania’s most high-profile commercial and regulatory dispute involving alleged AML and gambling law violations, leveraging deep expertise in litigation and the gambling sector to challenge multimillion-euro sanctions and defend against public prosecution.

WIDEN

The fintech team at WIDEN is part of a broader banking and finance practice, covering licensing, restructuring, GDPR and all aspects of financial regulation. Aušra Brazauskienė, who spearheads the fintech practice, is a prominent lawyer in banking and finance and a member of the Fintech Lithuania Group. She is closely assisted by Julija Šlekonytė, a fintech partner who joined from Ellex Valiunas in 2025.

Responsables de la pratique:

Aušra Brazauskienė


Autres avocats clés:

Julija Šlekonytė


Eversheds Saladžius (a member of Eversheds Sutherland)

Eversheds Saladžius (a member of Eversheds Sutherland) is home to an active fintech team which covers a broad scope of financial regulatory aspects, including licensing and asset disputes. This year, its client list has expanded to include such prominent names as The Bank of London, a clearing bank, and NomuPay, a cross-border payment company. The fintech team is co-led by Jonas Saladžius and Tomas Rymeikis.

Responsables de la pratique:

Jonas Saladžius; Tomas Rymeikis


Principaux clients

NomuPay


The Bank of London


Iban Online


RATO Credit Union


Sunday Marketplace


Pro IT


CGI Lithuania


NTT Data


Principaux dossiers


  • Extensive legal advice to NomuPay, an Irish fintech company, on a new business model for their payment institution in Lithuania.
  • Legal advice to The Bank of London, a British clearing, correspondent and wholesale bank, on financial services regulatory matters.
  • Legal support to Rato Credit Union regarding their Anti-Money Laundering (AML) governance and strategic capability development.

NOOR

NOOR is home to a robust fintech practice, active across a wide range of industries, including automotive technology, software development, and gaming. Its caseload involves financial regulation, licensing and transactions. The team is led by Mindaugas Rimkus and Andrius Iškauskas, who are both heavily involved in M&A, venture capital and regulatory work, as well as banking and finance head Agnė Jonaitytė.

Responsables de la pratique:

Agnė Jonaitytė; Mindaugas Rimkus; Andrius Iškauskas


Principaux clients

Vinted


Tesonet


Cyber Upgrade


FIRSTPICK Management


Amberlo Technologies


Ovoko


NFQ Technologies No


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