Imagine a beautiful country on the eastern shore of the Baltic Sea. It also has a rich history, amazing culture, and a medieval heritage that is still palatable to this day. Add a vibrant startup ecosystem to this image, and you have Lithuania! 🤩

If you are familiar with startups and startup life, chances are you know quite well how ease of doing business is crucial for entrepreneurs when starting a company. Therefore, we would like to start our introduction by sharing an outstanding fact about Lithuania. 🤓

🔊 Did you know that Lithuania is in the top 15 for ease of doing business? The country ranks in 11th place!  If you are interested in hearing more, you’re in luck— there is more to come! Let’s get started with 3 must-know stats about this amazing country: 

👉 As one of the most vibrant ecosystems in Europe, this Baltic country proudly comes in 2nd place in the world for procedures to start a business. 👏

👉 If it was ten years ago, Lithuania might not be on the radar for aspiring entrepreneurs. But as of today, the country has a high number of startups with a focus on mostly business management systems, health, logistics, mobility, and especially fintech. 

👉 Lithuania is also in 4th place on the Global Fintech Index 2020, which means that the country is on the way to becoming one of Europe’s leading Fintech hubs. 

Before diving into Lithuania’s thrilling startup ecosystem, let’s get started with the Lithuania-based companies on MeetFrank, from their types to the industries they operate in. 

 

Lithuanian Companies on MeetFrank

🔊 As of today, there is a wide range of Lithuanian companies on the MeetFrank app.

Consultancy companies make up a major part of the company types along with SMB and corporate.

As we can see in the chart below, the majority of these companies operate in Software Development. The top 3 continues with FinTech and Design and Creative.

💡 If you are working in these fields, keep in mind that Lithuania has a lot to offer in terms of career opportunities. 

What about the size of these companies? 11-50 people teams make up the majority in this list which is also a sign of, well, an increasing number of startups!

Now that you have an idea about what kind of Lithuanian companies are collaborating with MeetFrank, it is time to delve into the startup ecosystem in Lithuania and meet some of these thrilling startups. 

 

Lithuanian Startup Ecosystem in 2020

If there is one thing that needs to be said about Lithuania’s startup ecosystem in 2020, it is that the country’s tech sector is booming. There is an increasing number of hyper-growth scaleups as well as creative startups with a smaller size. 

Lithuania’s 2018 tourism campaign dubbed the country “the G-spot of Europe”, something which can easily be said about the startup environment too. 😜

So, what makes Lithuania such a great place for startups? 👀

Similar to the other Baltic stars like Estonia and Latvia, Lithuania offers many economic advantages to entrepreneurs. 

✅ Firstly, government support and liberal policies clearly make it easy to start a business in Lithuania. 🕴

✅ The second factor is that there is huge talent potential accompanied by a vibrant tech culture. 💪

✅ Lithuania’s business-friendly regulations and active venture capital industry are the other factors that lead to a great startup environment. 💸

If you were to open a business, what would you need the most in addition to all these? Operating from a great business hub, right? 👍

Given that Lithuania’s internet connectivity is one of the best in the world, it should not come as a surprise that the capital Vilnius is one of the world’s leading smart cities.

If you are motivated enough (and we think you are!), let’s get to know some of the outstanding startups from Lithuania. 

NOIA

Looking for career opportunities in Software? If so, add NOIA to your list of target companies. 📝

In their own words, NOIA creates “a fully-secure, high-speed, human-centric Internet where openness, decentralization, inclusiveness, and protection of privacy are of utmost importance.”

As a SaaS company, they bring together network visibility, control, and analytics in one software stack.

With a team of 15 professionals, the two-year-old company has offices in Palo Alto and Vilnius. 

Sound like your kind of company? Download the MeetFrank app today to have a look at their latest openings! 📱

kevin.

As we mentioned earlier, Lithuania has become a great hub for fintech and finance in recent years. Now is the time to meet one of them – kevin. 💪

kevin. is simply a licensed payment institution, yet what they can achieve with their team of experts is not that simple. 😉

The company focuses on solutions based on the PSD2 directive with the aim to become a connection between banks, customers and fintechs. They are supervised by the Bank of Lithuania.

As a growing startup, innovation, expertise, ownership, and trust are their keywords. If this sounds like your mindset, have a look at their openings today!

Whatagraph

Once a promising startup, now a growing scaleup; Whatagraph is a marketing performance reporting platform that automatically converts and visualises data from channels – such as Google Analytics – into visual reports. 📉

👉 The five-year-old scaleup helps more than 500 clients around the world to create reports easier than ever. 

Is your expertise in marketing? Are you actively looking for opportunities at an exciting marketing scaleup?

If yes, there is no reason not to have a look at their recent openings on the MeetFrank app! ✅

Smart Brands Laboratory LLC

Here comes another startup from Lithuania with a cool name. 😎

As an e-commerce company, Smart Brands Laboratory LLC helps clients with branding, multichannel sales, sourcing, and their digital marketing efforts. 

The company has offices in Vilnius, Rotterdam, and San Francisco and they are growing day by day. 

Sound appealing enough to update your resume? You know where you will see their latest openings. 🤓

Zyro

🕵️‍♀️ Here is another hidden gem from Lithuania. 

More than a website builder, Zyro is an innovative tool that makes it easy for anyone to create a beautiful website – be that a bakery owner or an e-commerce founder. 

➡️ The company has offices in Vilnius and Kaunas with an expert team of over 50 people. As a software company, Zyro does not only receive great feedback from clients but also from tech experts. 

If you want to be part of this inspiring startup and build a career in Lithuania, don’t forget to take a look at the latest vacancies at Zyro! 👀

 

So, what to watch in Lithuania?

Lithuania has faced economic turmoil in 2020 just like all other countries on earth. 😷

On the other hand, the country’s market competitiveness has stayed in relatively better shape for job seekers compared to other countries in the region. 

This shows the strength of the Lithuanian market and the rising opportunities despite the global economic crisis. So, what to do next to find a place in this promising startup scene? 

💡 Lithuania’s tech sector is booming and the world is becoming aware of it. If you want to be part of it, act now!

💡 The country is offering a great business environment for fintechs. The growing number of startups and scaleups in this industry says it all! 

Interested in Finance? Keep an eye on the Lithuania-based fintech startups and scaleups! 👀

💡 There are lots of companies in Lithuania with remote career opportunities as well as Lithuania-based options. Don’t forget to have a look at the ‘Remote’ and ‘Relocation’ sections on the MeetFrank app.

Last but not least, visit our Insights page and get fresh data every day! There you can get a closer look at the Lithuanian job market from market competitiveness to average offered salaries. 🤓

We wish you the best of luck in your job hunt! 🍀