Global fintech Aspora chooses Vilnius as the base for its EU business
Fintech company Aspora is establishing its EU headquarters in Vilnius, Lithuania, to better serve the global Indian diaspora. The company plans to scale its operations and utilize a Lithuanian electronic money institution license to expand across the EEA.
Why it matters
The expansion of fintech firms into the Baltic region highlights Lithuania's growing status as a hub for regulated financial services in the EU.
Aspora, a global fintech serving the Indian diaspora, is establishing its European Union base in Vilnius. The move gives the fast-growing group its first regulated foothold in the EU and places its leadership, including its CEO and management board, and all lines of business in Lithuania, where the team is prepared to grow to up to 100 people over the next three years.
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