Introduction
Lithuanian Fintech Association (LFA), formerly known as Fintech Hub LT, is Lithuania’s fintech industry association for licensed fintech companies. Founded in 2017 and based in Vilnius, it unites and supports licensed fintech companies in Lithuania and the European Economic Area. The association represents nearly 100 fintech companies across payments, digital banking, peer-to-peer lending, crowdfunding and crypto-assets, and positions Lithuania as a global fintech centre.
What is Lithuanian Fintech Association and who does it represent
Lithuanian Fintech Association is the industry association representing licensed fintech companies operating in Lithuania and the EEA. It was previously known as Fintech Hub LT and changed its name to Lithuanian Fintech Association to reflect its broader role in representing Lithuania’s fintech sector domestically and across Europe.
The association brings together companies active in major licensed fintech verticals, including payments, digital banking, P2P lending, crowdfunding and crypto-assets. It is not a regulator, payment scheme, licensing authority or payment infrastructure operator. Its role is industry representation, regulatory engagement, member support, best-practice sharing and promotion of Lithuania as a fintech centre.
Mission and advocacy focus
The association’s mission is to unite and support licensed fintech companies in Lithuania and the EEA, protect their interests, create favourable conditions for their operations, development and growth, promote high standards of risk management and compliance, and represent Lithuania as a global fintech centre.
Its advocacy focuses on improving the competitiveness of Lithuania’s fintech sector, representing members’ interests before Lithuanian and EU institutions, strengthening the sector’s reputation, and supporting regulation that enables sustainable growth. The association is especially relevant where regulation affects licensed fintech companies, payment institutions, e-money institutions, digital banks, crypto-asset businesses, crowdfunding platforms, P2P lending firms, AML/CFT, compliance, risk management and financial service accessibility.
Policy domains
- Licensed fintech regulation — Advocacy on Lithuanian and EU rules affecting licensed fintech companies, payment institutions, e-money institutions and other regulated fintech firms.
- Payments and e-money — Relevance for PSPs, e-money institutions, digital wallets, payment processors, account services and payment infrastructure companies.
- Digital banking and financial services — Engagement on digital banking, embedded finance, customer onboarding, safeguarding, account access and financial infrastructure.
- Risk management and compliance — Promotion of high standards in AML/CFT, governance, operational resilience, sanctions compliance, fraud prevention and consumer protection.
- Crypto-assets and digital assets — Relevance for crypto-asset service providers, MiCA implementation, tokenisation and digital asset compliance.
- Crowdfunding and P2P lending — Representation of licensed alternative finance models and platforms operating in Lithuania.
- EU fintech competitiveness — Policy work to strengthen Lithuania’s position as a fintech hub and support members’ international competitiveness.
Geographic scope and cross-border reach
Lithuanian Fintech Association focuses on Lithuania and licensed fintech companies operating in Lithuania and the EEA. It is especially relevant to firms licensed in Lithuania that serve customers across Europe or use Lithuania as a base for EEA financial services activity.
The association has European relevance because it actively represents members’ interests towards Lithuanian and EU institutions. It is also a member of the European Digital Finance Association, giving it a connection to wider EU digital finance advocacy. It does not provide licensing, passporting, regulatory approval or payment scheme access.
Why Lithuanian Fintech Association matters for payments operators
Lithuanian Fintech Association matters for PSPs, payment institutions, e-money institutions, digital banks, payment processors, wallet providers, open banking firms and payment technology companies operating in or from Lithuania. Lithuania is a major European fintech licensing and operating hub, so association activity can be highly relevant to firms serving customers across the EEA.
For payment operators, LFA is especially relevant where Lithuanian or EU rules affect licensing, safeguarding, AML/CFT, sanctions compliance, governance, payment services, e-money, operational resilience, fraud prevention, consumer protection and market competitiveness. The association’s work can help payment firms follow regulatory developments, share best practices and participate in collective industry positions.
The teams most likely to follow LFA include compliance, legal, risk, AML, product, operations, policy, government affairs, senior leadership, strategy and business development teams. LFA does not provide regulatory authorisation or Bank of Lithuania approval, but it can support industry representation, compliance dialogue, training, best-practice sharing and visibility in Lithuania’s fintech ecosystem.
Who runs Lithuanian Fintech Association and who are the members
Lithuanian Fintech Association operates as a membership-based industry association with a board, administration team, member community, sponsors, internal documents, reports, events and member-only resources. Its official site lists Asta Grigaitytė as Chairwoman and Greta Ranonytė as Chief Executive Officer.
The association is not a public authority, financial supervisor or licensing body. It is a private-sector association representing licensed fintech companies and promoting the Lithuanian fintech sector.
Members and participant categories
LFA represents nearly 100 fintech companies and covers the main licensed fintech business lines in Lithuania. Member names should be verified directly against the current official member list before publication.
| Category | Typical participants |
|---|---|
| Payment institutions | Licensed payment institutions providing payment services in Lithuania or across the EEA |
| Electronic money institutions | E-money institutions, digital wallets and stored-value providers |
| Digital banks and banking providers | Licensed digital banks, account providers and banking technology companies |
| Payment processors and infrastructure firms | Firms supporting processing, payment infrastructure, account services and payment operations |
| P2P lending platforms | Licensed peer-to-peer lending and alternative finance platforms |
| Crowdfunding platforms | Crowdfunding service providers and investment platforms |
| Crypto-asset firms | Crypto-asset service providers and digital asset companies |
| Compliance and risk-focused fintechs | AML, KYC, sanctions, fraud prevention, regtech and compliance technology providers |
Working groups and member activity
LFA’s activity includes member meetings, events, training, regular meetings with supervisory institutions, policy discussions, newsletters, Bank of Lithuania consultation events and member-only resources.
The association’s work may cover payments, e-money, digital banking, crypto-assets, crowdfunding, P2P lending, risk management, AML/CFT, sanctions, governance, fraud prevention, licensing conditions and EU fintech policy.
What does Lithuanian Fintech Association publish and who does it influence
Policy and regulatory engagement
LFA represents members’ interests before Lithuanian and EU institutions. Its public materials say the association actively proposes solutions to Lithuanian and EU authorities to help fintech companies become more internationally competitive and contribute to economic growth, innovation and financial service accessibility.
Relevant stakeholders include the Bank of Lithuania, Lithuanian government bodies, EU institutions, European fintech associations and financial-sector organisations. LFA’s influence is strongest where regulation affects licensed fintech companies, payment institutions, e-money institutions, crypto-asset firms, digital banks and alternative finance platforms.
Reports, training and member resources
Lithuanian Fintech Association publishes reports, external and internal documents, member newsletters and event materials. Its official site includes sections for reports, activities, documents, newsletters, past events and Bank of Lithuania consultation events.
For PSPs and payment firms, relevant themes include payments, e-money, AML/CFT, sanctions compliance, safeguarding, licensing, operational resilience, risk management, fraud prevention, consumer protection and Lithuania’s fintech competitiveness.
Events and convenings
LFA organises events, training, member meetings and consultation sessions. Public reporting on its name change said the association plans to continue organising trainings, regular meetings with supervisory institutions and best-practice sharing for members.
It should not be described as hosting a fixed public annual fintech conference unless the specific event and organiser role are verified for the relevant year.
How to join Lithuanian Fintech Association
Membership is most relevant for licensed fintech companies operating in Lithuania or the EEA. This includes payment institutions, e-money institutions, digital banks, crowdfunding providers, P2P lending firms, crypto-asset companies and other regulated fintech firms.
Who can join
The strongest fit is for licensed fintech companies that want to participate in Lithuanian and EU regulatory dialogue, follow supervisory developments, share best practices, attend member trainings and contribute to the reputation and competitiveness of Lithuania’s fintech sector.
Companies outside Lithuania may be relevant if they operate in the EEA fintech market or have a licensing, operational or market interest in Lithuania. Eligibility should be confirmed directly with LFA before applying.
LFA membership tiers and fees
LFA does not appear to publish a simple universal public membership fee table in easily accessible public materials. Costs, categories, benefits and participation routes may vary by company type, licence type, member category and level of involvement.
Companies should confirm current membership costs directly with Lithuanian Fintech Association before treating membership as a budgeted option.
What members commit to
Members typically participate in industry representation, best-practice sharing, training, consultation events, policy discussions, member meetings and association initiatives. Participation may involve sharing compliance experience, contributing to regulatory positions, attending meetings with supervisory institutions and supporting the reputation of Lithuania’s fintech sector.
Membership does not provide regulatory authorisation, Bank of Lithuania approval, passporting rights, payment scheme access or formal market-entry approval.
FAQ
Is Lithuanian Fintech Association a regulator?
No. Lithuanian Fintech Association is not a regulator or supervisory authority. It does not issue licences, supervise firms or create binding rules. It is an industry association representing licensed fintech companies and engaging with Lithuanian and EU institutions on regulation, competitiveness and sector development.
Is Lithuanian Fintech Association the same as Fintech Hub LT?
Yes. Fintech Hub LT changed its name to Lithuanian Fintech Association in 2026. The new name reflects the association’s expanded role in representing Lithuania’s fintech sector across the country and at EU level, while the organisation continues its work with licensed fintech companies.
Who can join Lithuanian Fintech Association?
Membership is most relevant for licensed fintech companies operating in Lithuania or the EEA. This includes payment institutions, e-money institutions, digital banks, P2P lending platforms, crowdfunding providers, crypto-asset firms, payment processors and other regulated fintech companies.
How much does Lithuanian Fintech Association membership cost?
Lithuanian Fintech Association does not appear to publish a simple universal public membership fee table in easily accessible public materials. Costs may vary by member type, licence type and participation route. Companies should confirm current pricing directly with LFA before budgeting for membership.
How many members does Lithuanian Fintech Association have?
Public reporting on the 2026 name change says Lithuanian Fintech Association unites nearly 100 fintech companies. Its members cover the main licensed business lines in Lithuania, including payments, digital banking, P2P lending, crowdfunding and crypto-assets.
Why does Lithuanian Fintech Association matter for PSPs?
LFA matters for PSPs because Lithuania is a major European fintech hub and many licensed payment and e-money institutions operate from the country. PSPs may use LFA to follow regulation, join supervisory dialogue, share compliance practices, attend training and contribute to Lithuanian and EU fintech policy discussions.
Does Lithuanian Fintech Association operate outside Lithuania?
LFA primarily focuses on Lithuania, but it represents licensed fintech companies operating in Lithuania and the EEA. It also engages with EU institutions and is a member of the European Digital Finance Association, giving it relevance for cross-border fintech and payment policy.
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