Walless has advised Finnish financial technology company Saldo Bank – formerly Saldo Finance UAB – on the establishment of its banking operations in Lithuania.
Saldo Bank offers fully automated lending solutions for consumers and SME customers and term deposit account services for consumer customers.
According to Walless, "having built regulatory readiness after obtaining a specialized bank license from the European Central Bank, Saldo Bank introduces term deposits and continues providing loans for Lithuanian consumers and SME customers."
"We are ready to provide wider lending services for consumers and SMEs as well as introduce deposits for Lithuanian consumers in April," Saldo Bank CEO Jarkko Maensivu commented. "In the future, Saldo Bank will offer more banking services like cards, increase SME finance availability, and plan to expand our banking operations in Finland and Sweden by passporting our specialized bank license."
The Walless team included Partner Joana Baublyte-Kulviete, Associate Partners Alina Makovska, Lina Radaviciene, and Marija Grigaraviciene, and Associate Greta Sumskyte.
