"Funding is harder to secure, and profitability has become the real measure of success. With this investment, we are focused on scaling sustainably and reaching break-even this year."
"myTU is developed using a proprietary core banking infrastructure, intended to serve high-growth markets efficiently while maintaining low operational costs."
myTU, a digital bank based in Vilnius, Lithuania, successfully raised â¬10M in a Series A funding round, surpassing its â¬9M target. This funding will enable the bank to expand its product offerings and develop acquiring and lending services while preparing for a full banking license from the Bank of Lithuania. The company prioritizes sustainable growth over venture capital and anticipates reaching profitability by 2025, with aims of processing over â¬1B in transactions and serving a diverse customer base across various nationalities.
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