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Walless Helps PayRay Obtain Banking License from Bank of Lithuania and European Central Bank

Walless Helps PayRay Obtain Banking License from Bank of Lithuania and European Central Bank

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Walless has helped PayRay, a capital financing company based in Lithuania, obtain a full banking license from the Bank of Lithuania and the ECB.

According to Walless, “this is the first full banking license issued in Lithuania after more than a decade. This license will allow PayRay accepting deposits and diversifying its funding sources for the SME financing business.”

The Walless team included Partners Joana Baublyte Kulviete and Mindaugas Lukas, Associate Partner Lina Radvaviciene, and Senior Associate Simona Kisunaite.