ConnectPay is a Lithuanian Electronic Money Institution (EMI) providing an all-in-one online business financial platform.

The company has developed its BaaS product, allowing digital banking services to be directly integrated into non-bank business products1.

It also collaborates with government institutions like the Bank of Lithuania to develop innovative regulatory technology solutions, such as automating regulatory reporting.

The company recently launched the European Fintech Index (EFI), a new comprehensive data tool launched by ConnectPay to provide key insights into the fintech market across Europe. 

This data project started as an internal market research initiative by ConnectPay but expanded to offer a single source of key fintech attractiveness indicators in the form of a country ranking. 

I spoke to Marius Galdikas, ConnectPay’s CEO, to learn more about the company’s genesis, journey, and the findings of the European Fintech Index.