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Fintech in Lithuania in 2024: Foxpay Collapses, Kevin Declares Bankruptcy, AML Compliance Remains a Challenge - Fintech in Baltic

Summary by Fintech in Baltic
2024 was a challenging year for Lithuania’s fintech landscape, marked by high-profile scandals, regulatory scrutiny and significant market shifts. Jekaterina Govina, an ex-regulator of the Lithuanian financial market and a prominent figure in the country’s fintech scene, provided insights into key events that shaped the industry, highlighting the collapse of Foxpay, the bankruptcy of fintech darling Kevin, and intensified anti-money laundering (…
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Fintech in Lithuania in 2024: Foxpay Collapses, Kevin Declares Bankruptcy, AML Compliance Remains a Challenge - Fintech in Baltic

2024 was a challenging year for Lithuania’s fintech landscape, marked by high-profile scandals, regulatory scrutiny and significant market shifts. Jekaterina Govina, an ex-regulator of the Lithuanian financial market and a prominent figure in the country’s fintech scene, provided insights into key events that shaped the industry, highlighting the collapse of Foxpay, the bankruptcy of fintech darling Kevin, and intensified anti-money laundering (…

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Fintech in Baltic broke the news in on Monday, January 6, 2025.
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