The US-based financial technology giant Robinhood is preparing to enter the market in Lithuania now that the country’s central bank has granted a brokerage licence to Robinhood Europe.
“The Bank of Lithuania has issued an A-category brokerage licence to Robinhood Europe, which is a wealth tech company,” the central bank announced in a news release on Tuesday.
Robinhood Europe is a subsidiary of Robinhood, which is a US-based fintech brokerage group that was established in 2013. It is the 14th firm to receive a brokerage licence in Lithuania. Participants in the wealth tech market that are licenced in the country have more than six million clients across the European Union, according to the news release.
Central Bank board member Simonas Krepsta announced a few weeks ago that a fintech giant would soon be joining the market in Lithuania.
Krepsta says that Lithuania’s fintech industry is going through a “golden age” with companies that provide services to some 30 million clients across Europe. A number of globally recognised players are operating in the country at this time, and that is a sector which is continuing to grow.
Some 270 companies were operating in the sector at the beginning of 2025, Krepsta adds. 120 payment institutions have been licenced by and are overseen by the Bank of Lithuania. 43% of the companies are foreign owned.
According to Fintech Hub LT, the sector employs some 7,400 people in Lithuania with an average gross monthly salary of EUR 3,900.
Source: BNS
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