“Can a Baltic-heritage bank become the preferred banking infrastructure partner for European fintechs while simultaneously building a profitable UK retail deposit book?”
LHV Bank Limited is the UK banking arm of the Estonian LHV Group (AS LHV Pank). It entered the UK market as a B2B banking infrastructure provider — offering cloud-native payment rails, virtual accounts, and indirect scheme access to over 200 regulated fintech and financial institution clients. Simultaneously it built out a retail deposit franchise (savings and current accounts) to diversify its funding base. The dual strategy positions LHV as both a sponsor/settlement bank for fintechs and a consumer savings bank, bridging Baltic banking heritage with UK regulatory infrastructure.
LHV discloses LHV Bank Limited (in-house) as its banking provider, according to the Embedded Finance Index 2026.
LHV does not disclose a bank charter of its own; its banking services are provided through LHV Bank Limited (in-house).
LHV moves money over SEPA Instant and SEPA.
LHV uses Veriff for KYC and identity verification.
LHV connects to bank accounts through Salt Edge.
LHV uses Sardine for fraud prevention.
The Embedded Finance Index 2026 maps 6 layers in LHV's stack: Money movement (SEPA Instant and SEPA); Banking / BaaS (LHV Bank Limited (in-house)); Lending (Consumer loans, Working capital loans (SME), Corporate loans, Leasing and 2 others); Open banking (Salt Edge); KYC (Veriff); Fraud (Sardine).
LHV is headquartered in 1 Angel Court, London, EC2R 7HJ, United Kingdom.
Get a read on where your own stack stands against LHV and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.