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myTU raised €10M in Series A funding led by existing shareholders and new strategic investors to acquire lending and prepare for a full banking license in Lithuania.

PRIVATEMar 04, 2025•about 1 year ago

Amount Raised

€10 Million

Round Type

series a

VilniusFinancial ServicesFinanceFintech

Investors

New Strategic InvestorsExisting Shareholders

Description

myTU, a Vilnius-based AI-powered digital bank, successfully raised €10M in a Series A funding round. The funds will be used to enhance their lending capabilities and work towards obtaining a full banking license in Lithuania.

Company Information

Company

myTU

Location

Vilnius, Vilnius County, Lithuania

About

myTU is a Vilnius, Lithuania-based AI-powered and cloud-first digital bank that offers financial services including payments-as-a-service, family banking, and a marketplace and loyalty system. Founded in 2019 by Raman Korneu and Tomas Navickas, it is designed to provide fully automated banking solutions. The bank supports over 50,000 retail customers and 200+ legal entities, leveraging its proprietary core banking platform. With plans to obtain a full banking license, myTU is on track to process over €1 billion in transactions by 2025.

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Predictive Intelligence
Strategic

ML-powered predictions for myTU's next move

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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