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Sorainen Helps Valyuz Obtain E-money License in Lithuania

Sorainen Helps Valyuz Obtain E-money License in Lithuania

Lithuania
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Sorainen has advised Valyuz on establishing a company in Lithuania and obtaining an e-money institution license from the Bank of Lithuania.

Sorainen reports that Valyuz is a fintech company "planning to provide a cutting-edge alternative solution to traditional banking and to become a platform-of-choice for international corporate clients in the technology sector," and the firm says that "the company is planning to offer electronic money accounts, payment transactions via the SEPA payment system, issuance of payment instruments, and other services."

Sorainen provided legal advice on establishing the company and structuring its equity capital, and it assisted in concluding a shareholders agreement. They also advised Valyuz on the licensing procedure and represented the company at the Bank of Lithuania.

The Sorainen team included Partner Augustas Klezys and Associates Urte Armonaite and Inga Macijauskaite.

 

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