Cobalt has experience handling financial institution licensing work, assisting with obtaining regulatory approvals for the establishment of investment funds, and advising on transactions. Local regulatory mandates are also a key area of work, with the firm advising international clients PayPal, Blackrock, and Blockchain.com. Jointly leading the team are banking, finance and M&A experts Akvilė Bosaitė and Eva Suduiko. Senior associate Vytautas Vosylius adds experience in transactions, regulatory compliance work and money laundering preventions, while managing associate Aurelija Balčiūnė has further expertise in e-money and permit work.

Fielding a well-respected fintech practice, ECOVIS ProventusLaw advises startups and established financial service providers on a broad set of cross-border matters ranging from establishment and licensing issues to AML and sanctions auditing work. With deep expertise throughout the e-money, crypto and blockchain spaces, the team is led by fintech specialist Inga Karulaitytė-Kvainauskienė who brings substantial experience across licensing, regulatory, and anti-money laundering matters. Other key contacts include Loreta Andziulytė, who is a data privacy expert; and Kęstutis Kvainauskas, who is well placed to advise crypto companies including crowdfunding platforms on licensings, transactions, and regulatory work. Daiva Lideikienė is active in risk management, auditing and compliance mandates.

Praised for its ‘exceptional professionalism, deep industry knowledge, and a strong work ethic’, the banking and finance practice at Ellex assists electronic money institutions and online payment service providers with a blend of acquisitions, regulatory compliance work, and license approvals. ‘Master of fintech’ Ieva Dosinaitė and Giedrius Stasevičius, who is praised for his ‘unparalleled wealth of experience’, jointly lead the team. For anti-money laundering matters, associate partner Neringa Mickevičiūtė is a key contact, while Julija Šlekonytė is noted for fintech regulation and licensing mandates. At the associate level, Domantas Gudonis and Jurgita Žiaušytė are key names to note.

Sorainen‘s finance and insurance department is led by the duo of Tomas Kontautas, who focuses on regulatory matters, and Augustas Klezys, who covers a range of transactions and fintech licensing issues across the EU. Further work in the fintech space for the practice include handling the establishment of new companies and acquisitions in addition to electronic money and crypto matters, areas for which senior associate Liutauras Vasiliauskas is noted. The firm also advises on anti-money-laundering matters, with Akvilė Jurkaitytė and Goda Drasute being key names in this space. The practice also recently recruited anti-money laundering expert Eimantas Vytuvis.

WALLESS‘ well-regarded banking and finance practice is highlighted for its experience advising on the licensing of payment service providers, combined with its involvement in high-profile fintech transactions, restructurings, and M&A. The firm also has considerable experience in fundraising through funding rounds, as well as experience in anti-money laundering investigations. With extensive experience, team leader Joana Baublytė-Kulvietė handles complex regulatory and compliance matters alongside fintech transactions. Supporting her is Gediminas Rečiūnas, who is a highly regarded fintech transactional specialist; Laurynas Narvydas, who focuses on regulatory and capital market transactions; and associate partners Simona Vosyliene and Marija Grigaravičienė, who both handle AML and regulatory matters.

GLIMSTEDT Bernotas & Partners' fintech practice is led by Linas Sesickas, who oversees licensing projects and regulatory matters, and handles aspects of e-commerce platform developments for clients ranging from startups to established multinational fintech companies. Other noteworthy practitioners include IP and data protection expert Giedrė Rimkūnaitė-Manke, alongside associate Tautvydas Užkuras, who covers a mix of banking, licensing and AML work, and Karolis Grižas, who handles fintech regulatory and compliance matters.

Motieka & Audzevicius has expanded its fintech work, assisting clients with a blend of anti-money laundering, regulatory and disputes work. Notably, under group co-head and disputes expert Justinas Jarusevičius, the team has been particularly active in its representation of financial institutions and other fintech companies in litigation against the Bank of Lithuania, the industry regulator. On the compliance, regulatory and licensing front, co-head Sigita Zavišienė is a key contact, while the addition of Samanta Blėdienė in late 2022 has added further strength in AML and counter terrorist financing advice.

Crowdfunding specialist firm Response advises electronic money institutions, startups, P2P lending platforms, and financial institutions on all aspects of licensing and regulatory compliance work. Jakaterina Govina acts as group co-head alongside managing partner Vytautas Šenavičius and Tadas Lukošius, who focuses on licensing and alternative finance work. Further key names include licensing specialists Kristupas Bagdonavičius and Karina Zenkevičiūtė, as well as Andrius Karmonas who focuses on AML and data protection work.

Law Firm TESET focuses on a broad scope of alternative financings spanning cryptocurrencies, peer to peer lending, and insuretech platforms, among others. Team leader Tomas Talutis has experience in public offerings of crypto tokens and complex regulatory and AML matters. He is supported by Agnė Sodaitė, who focuses on financial regulatory matters.