2022-11-22

The Baltic Hub adds new investments to its collection

During the last decade, Lithuania has become an increasingly attractive location for European tech firms and their new investments. This has been confirmed by yet another addition: Blis Digital, a software development company hailing from Rotterdam. Founded in 2006, Blis Digital built its reputation as a boutique software firm by serving top-tier customers, including companies and organisations from the finance, legal, healthcare and security industries. As a kickstart, Blis has acquired HIPER, a small and highly-specialized Lithuanian software development firm that works on product development for large global brands. Blis Digital focuses on MVPs for start-ups, participates in scale-ups and has a strong presence in the creative industry. The company builds most of its products from scratch with clean code and is able to experiment with the latest technologies.

Blis Digital choosing Lithuania comes as no surprise. The country has firmly established itself as the third fintech centre in Europe, behind the United Kingdom and the Netherlands. As such, it serves as the home base for a few of Europe’s largest neo-banks and crypto platforms in the form of Revolut and Blockchain.com. More so, Lithuania has one of the highest densities of start-ups per capita.

Not only FinTech though.

At the same time, Continental is also expanding its range of functions in Lithuania and is opening a service centre. Continental Tires Business Services will perform data analytics, process management and administration functions. The centre will serve Continental’s business customers in Italy, Germany, France and other European countries. The new centre will be based at the Continental factory in Kaunas, on the office premises.

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