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myTU logo — BANKING MADE SIMPLE.

myTU

BANKING MADE SIMPLE.

Founded 2019 Lithuania Lithuania 25 employees Series A Total: $16.00M Finance, Financial Services +4

General Information

Company Name myTU
Founded Year 2019
Location Lithuania Lithuania +1
Founders / Decision Makers
Team member
Employees 25
Industries Finance, Financial Services, Fintech +3
Funding Stage Series A
Social

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About myTU

myTU is a Lithuania-based fintech startup founded in 2019. With the slogan "BANKING MADE SIMPLE," myTU aims to revolutionize the banking experience for consumers and businesses. Leveraging cutting-edge AI and cloud technology, myTU is the first banking platform on Google Cloud, utilizing Google’s Flutter for front-end development and Cloud Spanner for secure and scalable data management. The company also employs advanced tools such as Vertex AI and ChatGPT for internal processes including customer due diligence, identity verification, AML checks, and risk scoring.

Regulated by the Bank of Lithuania, myTU is fully licensed as an Electronic Money Institution (EMI) across all EU/EEA countries and is authorized as a Consumer Credit Provider. Additionally, the company is an active participant in the SEPA payment network and is recognized as a Principal Member of VISA.

The latest investment secured by myTU was a $5.00MSeed Round investment on 28 September 2022.

Taxonomy: Digital Banking, Mobile Banking, AI-powered Solutions, Payment System Integration, European Payment System, KYC and AML Automation, Google Cloud Platform, Secure Data Management, Consumer Credit, Electronic Money Institution, Online Banking Solutions

Services & Products

Mobile banking services offering personal
business
and child accounts
with features such as seamless transactions
currency exchange
savings goals
and cross-border payments. Additionally
the platform provides API integration for business accounts and prepaid cards for kids.

Target Customers

The target customers/users include individuals seeking convenient and affordable mobile banking solutions business owners requiring efficient cross-border payment options as well as parents looking for secure and easy-to-manage financial solutions for their children.

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 2 •••• •••• 04 Mar 2025
Seed Round •••••• - 28 Sep 2022
Pre Seed Round •••••• - 01 Jan 2020

Latest News

View All
Are regulators doing enough to prepare for AI’s impact on capitalism? — Tech
Are regulators doing enough to prepare for AI’s impact on capitalism?
Tech Feb 07, 2024
From traveltech to neobank: Inside the Covid pivot that paid off — Tech
From traveltech to neobank: Inside the Covid pivot that paid off
Tech Dec 24, 2024
No VC funding: myTU Raises €10 million for a digital bank thanks to shareholders and investors — Eu-startups
No VC funding: myTU Raises €10 million for a digital bank thanks to shareholders and investors
Eu-startups Mar 04, 2025

myTU Alternatives & Competitors

myTU vs
European Merchant Bank | EMBank
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myTU vs
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myTU vs
SomBank
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FAQ About myTU

BANKING MADE SIMPLE.
myTU was founded in 2019.
myTU is headquartered in Lithuania.
myTU operates in the following industries: Finance, Financial Services, Fintech, Mobile, Payments, Banking.
myTU has approximately 25 employees.
myTU has completed 3 funding rounds, raising a total of $16.00M. The latest funding stage is Series A.
myTU offers: Mobile banking services offering personal, business, and child accounts, with features such as seamless transactions, currency exchange, savings goals, and cross-border payments. Additionally, the platform provides API integration for business accounts and prepaid cards for kids..
Top alternatives and competitors to myTU include European Merchant Bank | EMBank, Ditto Services, SomBank, Neofy, Fidor Solutions is now SBS. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
myTU and European Merchant Bank | EMBank are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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