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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

Amount Raised

€10 Million

Round Type

Series A

VilniusFinancial ServicesFinanceFintech

Investors

New Strategic Investors

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.

Quick answer

myTU raised €10 Million in a Series A round, dated March 4, 2025. Investors: New Strategic Investors. myTU is based in Vilnius, Vilnius County, Lithuania.

How much did myTU raise?
myTU raised €10 Million in a Series A round on March 4, 2025.
Who invested in myTU?
New Strategic Investors is named as investors in this round.
What does myTU do?
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.
Where is myTU based and how big is it?
myTU is based in Vilnius, Vilnius County, Lithuania.
Who are the decision-makers at myTU?
Fundz holds 1 contact at myTU. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as myTU that raised within 45 days of this round, from Fundz verified event records.

  • CAP Labs raised $920 (Pre-Seed) on April 15, 2025.
  • Meanwhile raised $40M (Series A) on April 12, 2025.
  • Meanwhile raised $40M (Series A) on April 10, 2025.
  • Conduit raised $3.1M (Seed) on April 10, 2025.
  • Pennylane raised $82M (Funding Round) on April 7, 2025.
  • American Rebel Holdings raised an undisclosed amount (Series A) on April 4, 2025.

Who to call at myTU, and when

A new round usually means myTU is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day myTU raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at myTU, from your own LinkedIn network

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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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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

myTU raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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