‘We are excited to see the Wise Guys Fintech acceleration program is rapidly taking off in Vilnius. Innovations are the best way to bring value to our clients in a rapidly evolving financial services market. Cooperation between banks and startups can enable us to offer more convenient services in a financial industry. We are ready to provide comprehensive support for startups and look forward to new productive partnerships and ecosystem development’, Dovilė Grigienė, CEO of Swedbank Lithuania, says.
More than 200 applications were received during the selection process, there was a substantial interest from foreign teams as well as Lithuanian startups. Teams, selected for Wise Guys Fintech 3 program, will work on a broad spectrum of ideas that also go beyond finance, including expenses management solution for private users, investment platforms, cloud-based security and cyber threats identification solutions, lending platform based on AI.
‘Lithuania has certainly gained fame of a regional Fintech hub and various support mechanisms and banking licensing for sure have sparked also interest of foreign startups about doing business here. As a matter of fact, more than a half of our current Vilnius Fintech batch startups are from abroad. However, we still see the need to boost the startup scene and help relatively early stage startups scale faster globally and bring more added value to the local ecosystem. This is where we come in with investment, world class mentors and strong local partners. While launching the second Startup Wise Guys program in Lithuania, we are particularly proud to see our collaboration with Swedbank trespassing the national borders, as the first two Wise Guys Fintech programs were run in Riga, hosted by Swedbank Latvia and in close collaboration with the whole Swedbank group’, Dmitrij Sosunov, Managing Director of Wise Guys Fintech 3 program, comments.
Participants of the program will be located at Swedbank's Financial Technology Center ROCKIT and other office space managed by the bank in Vilnius. The bank will provide access to international mentors and local experts, while members from startup teams will also enjoy the opportunity to take part in informal events with bank staff. In addition, Swedbank and the Startup Wise Guys will organize events that will be open to other members of ROCKIT and the startup community during the program run.
Swedbank is an established partner of Wise Guys Fintech programs. The first two programs took place in the DoBe collaboration space at Swedbank's headquarters in Riga.