Fintech Aspora to base EU operations in Lithuania, hire up to 100 staff

30 articles·2 sources·updated about 2 hours ago·View in graph

Story Timeline

2 days · 2 summary articles

Fintech Aspora to base EU operations in Lithuania, hire up to 100 staff
Current story
Lithuania probes new discount chain over possible ties to sanctioned Russian retailer
2 days agoContinuation

Fintech Aspora to base EU operations in Lithuania, hire up to 100 staff

Current story

Lithuania probes new discount chain over possible ties to sanctioned Russian retailer

2 days ago

Continuation

◄ latestoldest ►

business & finance asia lithuania european union

AI-generated · Hosted in Europe

Aspora, a global fintech serving the Indian diaspora, announced on Aug. 10, 2026, that it will establish its European Union base in Vilnius, Lithuania. The move provides the company with its first regulated foothold in the EU, with plans to grow its team in Lithuania to up to 100 people over the next three years. Founded in 2021 and originally launched as Vance, Aspora rebranded as it scaled and now serves over 1 million users across offices in Lithuania, the UK, the US, Canada, Singapore, the UAE and India. The company has raised around $98 million to date and has facilitated billions of dollars in cross-border transfers.

Aspora has been approved to acquire a Lithuanian-licensed electronic money institution, which will become the group’s first regulated base in the EU. The licence will allow Aspora to serve customers across the EU and EEA. “Lithuania offered exactly what we needed in an EU base – a deep pool of fintech, engineering and compliance talent, and in the Bank of Lithuania a highly regarded and experienced regulator,” said Nedas Sipovičius, CEO of Aspora. The company will begin by strengthening remittances along the EU-to-India corridor, together with the currency exchange that supports those transfers.

Meanwhile, Latvian airline airBaltic will suspend flights from Vilnius to Berlin and Dubai and from Palanga to Tenerife during the upcoming winter season, while reducing the frequency of flights between Vilnius and Tallinn. The changes come as airBaltic faces financial difficulties, though the airline said its route network is regularly reviewed based on demand, seasonality, commercial considerations and overall market conditions. Lithuanian Airports stated that direct flights to all the affected destinations will continue to be served by other airlines, including Wizz Air and Flydubai.

In other regional developments, Lithuania’s Defence Minister Robertas Kaunas said examinations of drone wreckage found in the country indicate that the aircraft were Ukrainian drones that had veered off course and entered Lithuanian territory after being affected by Russian electronic warfare systems. The findings were reported on Aug. 10, 2026.

Additionally, Inventi, a Lithuanian payments platform, became the first Swift Business Connect provider in the Baltics, enabling banks and licensed financial institutions to access SEPA, TARGET and the global Swift network .

Bluesky Threads

Articles

Cyprus tops EU ranking for antisemitic attitudes Cyprus recorded the highest level of antisemitic attitudes among European Union countries included in the latest Anti-Defamation League (ADL) Global 100 survey, with 58 per cent of respondents registering elevated levels of anti-Jewish stereotypes. The findings, released on Monday, place Cyprus ahead of Greece, where 50 per cent of respondents recorded elevated levels, while Belgium […]

cyprus mail · about 3 hours ago

Paternieki border checkpoint will not be closed; NATO forces to be deployed near border for military exercise - The Baltic Times RIGA - The government will not consider the Interior Ministrys proposal to suspend operations of Paternieki border checkpoint on the Latvia......