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Ellex Valiunas Helps Curve Extend License in Lithuania

Ellex Valiunas Helps Curve Extend License in Lithuania

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Ellex Valiunas has helped Curve in extending and expanding its electronic money institution (EMI) license from the Bank of Lithuania.

Curve is a privately held fintech company founded in 2015 in the UK. The company facilitates payment through the connection of its clients’ credit and debit cards into one card called the 'Curve Card'.

According to the firm, the Bank of Lithuania issued the EMI license to Curve in October last year (as reported by CEE Legal Matters on November 2, 2020). It gave the company the right to issue electronic money and execute payment transactions, to provide a cash withdrawal service from a payment account, to authorize payment instruments, to provide payment initiation and account information services, and to exchange currency.

"Curve has decided to offer its customers in Europe significantly more electronic payment and other related services," the firm said. "For this purpose, it was important for the Ellex Valiunas customer to expand the existing license and to be included in the lists of consumer credit providers and insurance intermediaries in Lithuania."

The Ellex team consisted of Partners Ieva Dosinaite and Giedrius Stasevicius, Associate Partners Julija Slekonyte and Neringa Mickeviciute, Associate Consultant Mindaugas Moskalionas, Lawyers Domantas Gudonis and Egle Radvilaite, and Associate Lawyer Gyte Maleckaite.

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