ApideckTape
← Embedded Finance Index 2026

Paysera

“Can a Lithuanian EMI become a pan-European fintech super-app by stitching payments, cards, FX and third-party lending onto its own licensed rails?”

Founded2004
HQVilnius, Lithuania
Latest roundDebt ($1.7M)
IndustryFintech / Neobank
The story

Founded in 2004 as a small Lithuanian payments processor, Paysera evolved from mokejimai.lt into a licensed Lithuanian EMI offering multi-currency IBAN accounts, Visa cards, currency exchange, merchant payment processing and open banking APIs across the Baltics and EU. Its stated strategy is to become a 'financial super-app' — because it is an EMI (not a bank) it cannot take deposits or lend, so newer capabilities like revenue-based financing are added via third-party partnerships (Softloans) rather than in-house.

Last 12 months
2024-11
Product timeline
2004
Founded as Elektroniniai verslo projektai (later EVP International) in Vilnius, Lithuania· pivot
2006
Launched first product mokejimai.lt, an online payment processing service· banking
2013
First international expansion outside Lithuania· banking
2019
Launched Visa payment cards issued via Contis (Finansinės paslaugos Contis, UAB)· card
2024
Launched revenue-based financing for e-commerce merchants via partnership with Softloans· lending
Regulated entities
1
regulatory licence held by Paysera
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Paysera’s embedded-finance stack
Payments / PSP
Paysera (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
FX & payouts
in the full report
Accounting gap: minor
6 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.