Lithuania has a growing fintech ecosystem, with Vilnius ranking as the largest fintech hub in the EU based on the number of licenses issued. The country has issued over 138 fintech licenses and has a low-risk regulatory environment. Over 7,000 people are employed in Lithuania's fintech sector, which serves over 25 million EU customers, and the country is focusing on continued growth of collaborations between fintech companies, universities, innovation centers, and government institutions to support the industry.