Estonia, Financial Services, Fintech, Lithuania

International Internet Magazine. Baltic States news & analytics Friday, 23.10.2020, 02:54

Lithuanian fintech startup starts business in Estonia

BC, Vilnius, 06.02.2020.Print version
Lithuanian fintech startup Neo Finance has entered the Estonian market with the launch of its Neopay payment initiation service (PIS), informed LETA/BNS.

"Neopay's new client Open24, an online shoe retailer, is using PIS services in three countries -- Lithuania, Latvia and Estonia," the company said in a release to the stock exchange.

Evaldas Remeikis, chairman of the board of NEO Finance, said that from now on, pan-Baltic e-businesses are able to serve their customers quickly and conveniently, with only one integration, using one pricing.

Open24 manager Justas Macionis meanwhile said their company is trading online in all three Baltic countries and it is extremely important that customers in all countries receive the same services and choices. 

"We are delighted that NEO Finance is able to provide this to our clients and lets us to manage payments in all countries in a single system, regardless of the market or the client's bank," Macionis said. 

The launch in Estonia follows the launch of the service in Latvia in January. 

NEO Finance is listed on the Baltic stock exchanges' alternative market First North.

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