Cobalt has helped US-based Sezzle Inc. obtain an electronic money institution license from the Bank of Lithuania.
According to Cobalt, the institution intends to provide electronic money and payment services to merchants offering their goods on the Sezzle platform and to buyers.
Sezzle is a publicly traded FinTech company that provides interest-free installment plans for buying products at online stores. The company has more than 2.4 million active users and over 29,000 participating merchants.
Cobalt’s team consisted of Partner Akvile Bosaite and Associates Robertas Grabys and Andra Gavedaite.