Lithuanian Digital Banking Platform myTU Raises €10 Million

Lithuania-based digital banking platform myTU has secured €10 million in funding to expand its product offerings, enhance acquiring and lending services, and prepare for a full banking license from the Bank of Lithuania. The round, led by existing shareholders and two new strategic investors, values myTU at over €35 million.

Founded in 2019, myTU serves 50,000 retail customers with services including individual and business accounts, payments-as-a-service, family banking, and a loyalty-driven marketplace. The 25-member team previously raised €6 million to develop its proprietary core architecture.

CEO Raman Korneu stated, “The fintech landscape is shifting, with profitability now the key measure of success. This investment will help us scale sustainably and reach break-even this year. Our digital-native platform allows us to serve millions efficiently, setting us apart in the industry.”