JAV The financial technology "unicorn" DriveWealth opened its first international branch in Vilnius on Tuesday, serving the European market, the agency promoting foreign investments in Lithuania reported.Invest in Lithuania".
According to the manager of the US company, the opening of DriveWealth Lithuania is part of the company's global growth strategy: recently, DriveWealth started operations in Africa (Kenya, Uganda), Georgia and South Korea.
"Many Baltic and European Union platforms are looking for smarter and more sustainable ways to attract and retain customers, while investors aim to create a better financial future. The DriveWealth Lithuania team is perfectly prepared to achieve both goals at the same time," said DriveWealth CEO Terry Angelos in a statement.
The company developing an equity investment tool for fintech companies in Lithuania will create innovative partnership methods with traditional financial service providers and startups that will help them better manage their finances.
"The fact that DriveWealth chose Lithuania as its European base does not surprise anyone who follows the growth of the fintech ecosystem in Lithuania," Elijus Čivilis, CEO of Invest in Lithuania, said in a statement.
According to him, 147 Lithuanian licensed fintech companies form the largest financial technology center in the entire European Union.
According to the records center, the company "DriveWealth Lietuva" with 2,5 thousand registered on May 30.
