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A Fintech Bonanza Is Luring Foreign Cash to This Tiny EU State
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A Fintech Bonanza Is Luring Foreign Cash to This Tiny EU State
For two years, the Baltic nation of 2.8 million people has promoted itself as a launchpad for hi-tech upstarts eyeing the European Union and the euro region, offering English-language services and three-month approval for licenses. Big-name companies to obtain banking and e-money permits include London-based Revolut Ltd. and Google Payment Ltd. The initiative has led to the issuance of 45 e-money licenses, according to Invest Lithuania, the country’s investment agency.
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