10 million euros Series A for myTU

The Lithuanian fintech platform myTU has exceeded its financing round and is focusing on sustainable growth. Goal is to reach profitability by 2025

Vilnius, March 4, 2025 - The Lithuanian fintech platform myTU has raised 10 million euros in an oversubscribed Series A financing round. The company exceeded its original target of 9 million euros. The investment will be used to expand the product portfolio and advance preparations for a full banking license in Lithuania.

Successful financing round with strategic investors

The financing round was led by existing shareholders, who increased their holdings. In addition, two new strategic investors, who are already long-standing business partners of myTU, joined the round. The company is now valued at over 35 million euros, which reflects the investors' confidence in myTU's future plans.

"The fintech industry is changing. Financing is harder to come by and profitability is the true indicator of success. Our goal is to grow sustainably and break even this year.

Raman Korneu, CEO and Co-Founder myTU

It is noteworthy that myTU has deliberately decided against venture capital financing and is instead focusing on sustainable growth.

Solutions for underserved customer groups

myTU relies on a cloud-based, AI-supported banking platform that aims to simplify access to financial services. In Europe, more than 13 million adults lack access to basic banking services, while many small businesses face high costs and limited financial options. myTU aims to close this gap by offering a fully automated digital banking platform.

The offering includes individual and business bank accounts, payments as a service, family banking and an integrated loyalty and marketplace function. Thanks to its proprietary core banking infrastructure, myTU can scale efficiently while keeping operating costs low.

Growth and strategic goals for the future

With only 6 million euros in previous investments, myTU has already made considerable progress. The newly raised capital will be used to expand the product portfolio, introduce acquiring and lending services and make regulatory preparations to apply for a full banking license.

By 2025, the fintech plans to process more than one billion euros in transactions and serve over 50,000 private customers from more than 100 countries and more than 200 companies. Over the next 12 months, the lending and payments business in particular is to be expanded, partnerships extended and the digital banking infrastructure further strengthened. With this focus on efficiency and sustainable growth, myTU remains an exciting player in the fintech industry that could further advance digital banking in Europe.