SME Bank

What SME Bank does

SME Bank (legal entity UAB SME Bank) is a Vilnius-headquartered, ECB-licensed digital neobank founded in 2021 that provides integrated banking and lending services to small and medium-sized enterprises across five European markets — Lithuania, Latvia, Estonia, Finland, and the Netherlands. The platform combines daily-banking infrastructure (multi-currency current accounts, SEPA and international payments, bulk payment processing for up to 3,000 orders, Business API) with credit products (business loans from €10,000 to €3,000,000 with one-business-day decisions, revolving credit lines, overdrafts) and yield products (Naktis+ overnight deposits offering up to 1.6% annual interest, term deposits from €1,000 to €1,000,000 with 1-36 month terms). Customer onboarding is fully remote at approximately 30 minutes via biometric identity verification through Ondato.

The technology stack rests on an API-first architecture supporting a PSD2 sandbox for third-party providers, AI-powered underwriting for SME credit decisioning, automated KYC/AML workflows, and a Business API for account statements and invoice submission. Loan portfolio risk is partially offset through guarantee partnerships with the European Investment Fund, European Investment Bank, and ILTE (Lithuanian Development Institution), each covering up to 80% of financed amounts. Revenue is generated across net interest margin on lending, the deposit interest spread on overnight balances, transaction and FX fees on payments, and subscription fees across four pricing tiers (FREE3 at €0/month for new companies, GROW at €6, SCALE at €13, PRO at €25 with dedicated Account Executive). As of 2025 (unaudited), the bank reported €147M in loans outstanding, €425-426M in deposits, and €9.6M in total net income, representing 81%, 2.5x, and 51% year-over-year growth respectively.

Name

SME Bank

Legal name

UAB SME Bank

Website

https://smebank.lt

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

SME Bank is an ECB-licensed Lithuanian digital neobank serving SMEs across the Baltic states, Finland, and the Netherlands with business loans, multi-currency accounts, overnight deposit products (Naktis+), and embedded finance APIs via fully remote onboarding.

Ownership category

akta.pro rank

Product category

SME Digital Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Finance and Insurance (52)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

SME/Business Neobanks (FSABAFAB)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Lending & Working Capital Platforms (FSAGAJAA), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD)

Keywords

• SME business banking
• Digital neobank lending
• Multi-currency business accounts
• SEPA payment processing
• Overnight deposit services

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Lending: Primary revenue from business loans ranging from €10,000 to €3,000,000. Interest charged on credit facilities, credit lines, and overdrafts. Average commercial loan amount approximately €360,000.
2. Payment and Transaction Fees: Fees from payment processing including SEPA payments, international transfers, currency conversion, bulk payments. Monthly plan fees from €0 to €25 depending on tier.
3. Overnight Deposit Interest Spread: Interest earned on overnight deposits (Naktis+) at up to 1.6% annual rate. Bank lends funds overnight and pays interest to depositors, capturing spread.
4. Term Deposit Fees: Fees from term deposits with minimum €1,000 and maximum €1,000,000, terms from 1 to 36 months.
5. E-commerce Payment Collection: Payment collection services for merchants with pricing from €0 per operation (up to 200/month on FREE3 plan) to €0.1 per operation on other plans.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

SME Bank is a Lithuania-based, ECB-licensed digital neobank that provides small and medium-sized enterprises with business current accounts, SEPA and international payments, business loans (€10,000–€3,000,000), credit lines, overdrafts, term and overnight deposits (Naktis+), and a Business API for embedded finance. All onboarding, loan applications, and day-to-day banking are delivered through a fully digital, self-serve platform accessible 24/7 across Lithuania, Latvia, Estonia, Finland, and the Netherlands.

Product overview

SME Bank is a digital neobank (Lithuanian-capital, ECB-licensed) serving small and medium-sized enterprises across Lithuania, Latvia, Estonia, Finland, and the Netherlands. The company operates on a platform-plus-services model combining traditional banking services with digital-first delivery. Core offerings include business loans (€10,000–€3,000,000), term deposits (1–36 months), overnight deposits (Naktis+) with up to 1.6% interest, multi-currency current accounts, SEPA/international payments, bulk payment processing (up to 3,000 orders), credit lines, overdraft facilities, and Business API for account statements and invoice automation. The bank also offers ILTE/EIF loan guarantee programs reducing collateral requirements by up to 80%. All deposits are insured up to €100,000 through Lithuania's deposit insurance scheme. Pricing tiers include FREE3 (€0/month), GROW (€6/month), SCALE (€13/month), and PRO (€25/month with dedicated account executive).

Differentiator

Problem solved

Functional benefit

Brands

• Naktis+: Overnight deposit product allowing businesses to earn interest on end-of-day balances while maintaining full liquidity

Products and services

• Business Loans
• Overnight Deposit (Naktis+)
• Term Deposits
• Business Current Account
• SEPA and International Payments
• Bulk Payments Service
• Credit Line
• Overdraft
• Business API
• ILTE/EIF Loan Guarantee Programs

Quantifiable outcome

• Loan portfolio grew 81% in 2025, reaching €147 million
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Saulės GrąžaminorStrategic or Co-development Partner · 1 May 2026End-to-end energy independence solution partnership for businesses, combining SME Bank financing with Saulės Grąža's energy solutions.
• FlagrightcoreTechnology or Integration · 5 February 2026AI-Native AML and compliance platform partnership for real-time transaction monitoring, watchlist screening, and investigations. SME Bank aims to enhance compliance operations with Flagright's no-code, configurable risk management system.
• AxiologyminorStrategic or Co-development Partner · 1 August 2022Strategic partnership to innovate capital markets, announced in August 2022.
• NordigencoreTechnology or IntegrationOpen banking and account information service provider. Integration for account data access and financial data aggregation.
• CreditinfocoreTechnology or IntegrationCredit bureau and risk management data provider. Used for credit risk assessment and business credit information.
• OndatocoreTechnology or IntegrationKYC/AML identity verification partner. Provides biometric identity verification for remote customer onboarding via phone camera during live call.
• RaisinminorGTM or Marketing PartnerSavings and investment marketplace. Deposit and savings product partnership.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Revolut Business: Revolut Business is the SME arm of Revolut, offering multi-currency business accounts, payments, and lending across 30+ European countries. Directly competes with SME Bank on digital-first SME banking in Lithuania, Netherlands, and other shared markets.
• Qonto: Qonto is a French-headquartered digital business banking platform serving SMEs and freelancers across Europe with accounts, payments, expense management, and financing. Competes head-to-head with SME Bank on multi-country EU digital SME banking.
• N26 Business: N26 Business offers digital business accounts and banking services across multiple EU markets. Directly comparable as a digital-first challenger bank targeting SMEs and self-employed professionals in overlapping European geographies.
• Holvi: Holvi is a Finland-based (now BBVA-owned) digital banking platform purpose-built for SMEs, freelancers, and the self-employed. Highly comparable to SME Bank given shared Nordic/Baltic geographic focus and similar SME-specialized digital banking value proposition.
• Tide: Tide is a UK-based SME-focused digital business banking platform with accounts, invoicing, and lending. Closely comparable on SME specialization, digital-first onboarding, and integrated business finance workflows — though primarily UK-focused currently.
• Lunar: Lunar is a Nordic challenger bank offering business accounts, payments, and lending across Denmark, Sweden, and Norway. Direct peer as a Nordic-region digital bank targeting SMEs and consumers with comparable product suite and EU-style banking license.
• Pleo: Pleo is a Danish/European company spend management platform serving SMEs with corporate cards, expense automation, and embedded banking partnerships. Comparable to SME Bank on SME finance specialization and embedded/API-first distribution model.
• LHV Group: LHV is an Estonian-headquartered financial group offering business banking, lending, and payments across the Baltics with comparable scale. Direct regional peer operating in the same Baltic SME market with overlapping product suite (loans, deposits, payments).

Broad incumbents

• Starling Bank: Starling Bank is a UK digital challenger bank offering full SME banking including business accounts, loans, and payments at scale (1M+ business accounts). Broader incumbent than SME Bank but operates in the same SME-digital-banking category with similar product mix.

Others

• Solaris SE: Solaris is a German Banking-as-a-Service platform providing licensed banking infrastructure (accounts, cards, lending, KYC) to fintechs and embedded finance partners. Relevant to SME Bank's embedded finance strategy as both a potential partner and competitor for BaaS-driven SME offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SMEBankas
• LinkedInlinkedin.com/company/sme-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SME Bank