Lithuania's fintech sector grew from its beginnings in 2018 to over 250 companies by 2025.

Omissions

• The precise official count for 2025 (Invest Lithuania Fintech Overview 2025-2026) is 248 fintech companies — just below the claimed 'over 250'; the sector actually peaked at 282 firms at the end of 2024 and consolidated (about -12% year-on-year) in 2025, a contraction the MEP did not mention.
• The characterization of 2018 as 'just starting' is qualitative: Lithuania's fintech ecosystem began developing in the mid-2010s (electronic money institution licensing regime), with rapid growth from roughly 2017-2018 driven by Bank of Lithuania licensing.
• Sources used to confirm the 2025 figure include the official Invest Lithuania overview (published around December 2025, i.e., before the 2026-07-09 session) and secondary industry reporting; exact publication dates for some secondary sources could not be determined.

Sources

• PrimaryInvest Lithuania — Lithuania's Fintech Overview 2025-2026Lithuania's Fintech Overview 2025-2026 counts 248 fintechs, 7,800 professionals and EU market access; the ecosystem of 248 ambitious fintechs employs nearly 8,000 professionals and serves around 40 million EU clients.
• SecondaryFintechBaltic — Lithuania's Fintech Industry Matures Amid ConsolidationIn 2025, 248 fintech companies operated in Lithuania, marking a 12% year-over-year (YoY) decline from 282 in 2024.
• SecondaryRockit Vilnius — Lithuanian Fintech Map 2025For the third consecutive year, the number of fintech companies in Lithuania has increased, reaching a total of 282 active firms by the end of 2024.
• SecondaryGo Vilnius (Vilnius city investment agency) — FinTech pageVilnius is the largest FinTech hub in the EU, home to 280+ rapidly growing firms serving 30 million+ customers across Europe.
• SecondaryTheBanks.eu — E-Money Institutions in The Fintech Ecosystem of LithuaniaLithuania's fintech ecosystem thrives with over 70 electronic money institutions (EMIs) among 250+ fintech companies.
• SecondarySureFintech — FinTech in Europe 2025Fintech in Lithuania: Fintechs — 250. As an established hub for bank IT, Lithuania was quick to grow a fintech ecosystem.