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Dec 22, 2020 Share now: Having obtained an Electronic Money Institution licence, financial technology start-up Stanhope Financial is opening an office in Vilnius to serve clients in EU. Stanhope Financial is a tier one banking services provider targeting small and medium sized business on a global scale. The company raised $3.5M in its first funding round in November for global expansion offering a suite of specialist services, including FX payments, treasury services and access to financing. In Lithuania, Stanhope Financial will continue developing the product part and serve SME’s in EU. “In our opinion, Lithuania stands out among other EU member states due to its advanced regulation, high position in the Ease of Doing Business ranking and an excellent reputation in the area of financial technology. The market we are targeting is pan-European, but looking at the high concentration of banks in Lithuania, we expect to attract more than one local customer with

United arab emiratesVilniaus apskritisCiti deutscheSiemens peterk schulzThomas dillionLaimonas noreikaKhalid talukderEuropean unionElectronic money institutionStanhope financialDoing businessUnited kingdom basedConsequently vilniusMantas katinasManaging directorHeavy finance