WALLESS Assisted Stanhope Financial in Successfully Obtaining an Electronic Money Institution License from the Bank of Lithuania

2020 12 22

It is a pleasure to have assisted Stanhope Financial in setting up a subsidiary in Lithuania and obtaining an e-money institution license from the Bank of Lithuania for it.

Stanhope Financial is an Irish capital fintech startup – the company offers financial strategies and consulting solutions, including FX payments, treasury services, hedging, and international payments. After obtaining an e-money institution license from the Bank of Lithuania, Stanhope Financial will serve customers – legal entities, mainly small and medium-sized businesses, providing them with e-wallets, enabling them to accept and execute local and international payments, and issuing payment cards. In the first year of operation, the institution will provide services in Lithuania. Later on, Stanhope Financial is expected to expand to other European countries as well.

WALLESS team consisting of partner Joana Baublytė-Kulvietė and associate Viktorija Dusajeva assisted Stanhope Financial throughout the whole licensing process.


More information can be found here.

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