LHV
LHV Bank Limited is the UK-licensed, app-only digital banking subsidiary of Estonian LHV Group, offering UK consumers high-interest current accounts, savings products, and fee-free travel debit cards, alongside a B2B Open Banking and Connect API platform serving fintech partners and payment service providers.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What LHV does
LHV Bank Limited is the UK-licensed banking subsidiary of LHV Group, an Estonian financial group listed on Nasdaq Tallinn. Operating as an app-only digital bank, LHV Bank Limited serves UK individual consumers with a current account paying 3.75% AER on balances up to £1 million, savings products offering up to 4.50% AER, and fee-free debit cards designed for international travel. The bank is authorised by the PRA, regulated by the FCA (FRN 993767), and offers FSCS deposit protection up to £120,000. Distribution is entirely digital via native iOS and Android applications and a self-serve website.
LHV's underlying technology stack comprises a UK Open Banking standard-compliant API infrastructure built in cooperation with Salt Edge, providing Account Information Services (AIS), Payment Initiation Services (PIS), and Confirmation of Funds (PIIS/CBPII). The proprietary LHV Connect API extends this with VIBAN services, Bacs and SEPA Direct Debit collection, Confirmation of Payee, Indirect Scheme Access, Webhooks, and a multi-tenant Service Provider Model, targeting fintech partners and payment service providers.
Revenue mechanics operate on two fronts: a Net Interest Margin model on the consumer deposit and lending book (group-level deposits of €7.86 billion and loan portfolio of €5.52 billion as of February 2026), and transaction/API fees from B2B Open Banking and Connect API services to fintech partners and developers. Group-level monthly net profit has consistently registered in the €6-9 million range across late 2025 and early 2026, with ongoing customer growth in both Estonia and the UK. In August 2025, LHV entered a partnership with Luminance to deploy Legal-Grade AI for internal contract review workflows.
LHV firmographics
Firmographics- Name
- LHV
- Legal name
- LHV Bank Limited
- Website
- https://lhv.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- LHV Bank Limited is the UK-licensed, app-only digital banking subsidiary of Estonian LHV Group, offering UK consumers high-interest current accounts, savings products, and fee-free travel debit cards, alongside a B2B Open Banking and Connect API platform serving fintech partners and payment service providers.
- Ownership category
- akta.pro rank
LHV industry classification
Industry- Product category
- Digital Banking
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
- akta.pro secondary industries
- Direct Debit / ACH Collections & Recurring Billing (FSAMAGAE), Corporate Cash Management & Treasury ACH (FSAMAGAG)
Keywords
Where LHV is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
LHV business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: LHV Bank earns interest income on loans and mortgages extended to customers, generating returns on the €5.52 billion loan portfolio.
- Deposit Interest Spread: The bank pays interest on customer deposits (€7.86 billion in deposits) and earns spread income through lending activities.
- Current Account Services: Provides current accounts with interest earnings (3.75% AER up to £1,000,000), generating fee income and float revenue.
- API/Open Banking Services: Revenue generated from B2B API services including account information, payment initiation, and virtual IBAN services for fintech partners and businesses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Current Account - up to £1,000,000 balance |
| Subscription | Monthly | Easy Access Savings |
| Subscription | Annual | Fixed Rate Bond Savings |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
LHV product offering
Product offeringCore offering
LHV Bank is an app-only UK digital bank offering personal current accounts paying 3.75% AER on balances up to £1,000,000, savings products (Easy Access and Fixed Rate Bond) earning up to 4.50% AER, and travel debit cards with no spending fees abroad. Alongside the consumer bank, LHV operates the LHV Connect API and Open Banking API platform, providing account information, payment initiation, virtual IBAN, direct debit collection, and confirmation of funds services to fintechs and businesses.
Product overview
LHV Bank is an Estonian financial group with operations in both Estonia and the UK. The company operates two main business lines: (1) LHV Bank UK (app-only digital bank) offering personal current accounts with competitive interest rates (up to 3.75% AER), savings products including Fixed Rate Bond and Easy Access accounts (up to 4.50% AER), and debit cards designed for travel; and (2) LHV Connect API - a developer platform providing Open Banking services including Account Information Services, Payment Initiation Services, Confirmation of Funds, VIBAN management, Direct Debit collection, Webhooks, and Service Provider models. The UK bank and the API platform serve different market segments, with the consumer banking products focused on personal banking customers and the Connect API targeting fintechs, businesses, and developers.
Differentiator
Problem solved
Functional benefit
Products and services
- LHV Current Account App-only current account for UK individuals paying 3.75% AER / 3.69% Gross interest on balances up to £1,000,000. Designed for personal banking customers who want high interest and digital account management.
- LHV Savings Accounts
- LHV Debit Cards
- LHV Bank App
- LHV Connect API
- LHV Open Banking API
Quantifiable outcome
- LHV Group's consolidated loan portfolio reached €5.52 billion with deposits exceeding €7.86 billion as of February 2026
- +2 more outcomes
Companies that use LHV
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
LHV technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature2 records
LHV partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Salt EdgecoreLHV's Open Banking API is built in cooperation with Salt Edge, adhering to the UK Open Banking standard. Salt Edge provides the technical infrastructure for account information services (AIS), payment initiation services (PIS), and confirmation of funds services, enabling LHV to offer compliant Open Banking capabilities to its customers and API partners.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
LHV competitors and assessment
Company assessmentDirect peers
- Allica Bank: UK challenger bank focused on SME lending, savings, and current accounts. Comparable to LHV's stated SME lending focus and digital banking model targeting UK businesses.
- Atom Bank: UK app-only challenger bank offering savings products and mortgages. Comparable as a UK-licensed, app-first bank competing for deposit and savings share with competitive headline rates.
- Revolut: UK-headquartered digital banking app with multi-currency accounts, savings, and a travel-friendly debit card with no FX fees — a direct overlap with LHV's fee-free international card and savings products, and broader multi-market scale.
- Zopa Bank: UK digital bank offering savings products, credit cards, and personal loans. Comparable as a UK-regulated challenger bank focused on consumer deposits and unsecured lending via a digital channel.
- Starling Bank: UK-based digital challenger bank offering app-only current accounts, savings, and business banking. Starling is one of the most direct comparables in terms of FCA-regulated app-only model, FSCS protection, and target customer (UK individuals and SMBs).
- Tandem Bank: UK digital challenger bank offering savings accounts, mortgages, and green home improvement loans. Comparable as a UK-licensed, app-led bank competing for the same rate-sensitive deposit customer.
- Monzo: Leading UK digital challenger bank offering app-based current accounts, savings pots, and personal loans. Directly comparable on FCA-regulated status, app-only distribution, competitive interest offerings, and travel-friendly debit card positioning.
- Wise: UK-listed cross-border payments and multi-currency account provider. Comparable on the FX-fee-free travel card proposition and on the regulated payment institution / banking infrastructure overlap with LHV's Connect API business.
Broad incumbents
- ClearBank: UK clearing bank offering Banking-as-a-Service, payment rails (Faster Payments, Bacs, CHAPS), and embedded banking APIs. Comparable to LHV Connect's B2B offering of payment initiation, direct debit, and virtual account infrastructure for fintechs and PSPs.
Regional players
- Bunq: Dutch-headquartered pan-European digital bank with multi-currency accounts and an Open Banking API platform. Comparable product set (app-only banking, savings, Open Banking APIs) but primarily serves the EEA rather than the UK.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
LHV social profiles
Digital presenceLHV compliance and trust
Trust signalCompliance3 records
LHV financial estimates
Financial estimateRevenue estimate
Valuation estimate
LHV leadership team
Management profileNumber of profiles
Profiles4 records
LHV subsidiaries and ownership
Company hierarchySubsidiaries3 records
LHV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LHV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LHV
What does LHV do?
LHV Bank is an app-only UK digital bank offering personal current accounts paying 3.75% AER on balances up to £1,000,000, savings products (Easy Access and Fixed Rate Bond) earning up to 4.50% AER, and travel debit cards with no spending fees abroad. Alongside the consumer bank, LHV operates the LHV Connect API and Open Banking API platform, providing account information, payment initiation, virtual IBAN, direct debit collection, and confirmation of funds services to fintechs and businesses.
Is LHV a public or private company?
LHV is a private company. It is classified as public and is currently operating.
When was LHV founded?
LHV was founded in 2018. It employs 1,001 to 5,000 people.
Where is LHV based?
LHV is headquartered in London, United Kingdom, in the Europe region.
How does LHV make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are deposit Interest Spread, current Account Services and API/Open Banking Services.
Who are LHV's main competitors?
Direct peers on record are Allica Bank, Atom Bank, Revolut, Zopa Bank, Starling Bank, Tandem Bank, Monzo and Wise. ClearBank is listed as a broad incumbent. Bunq is listed as a regional player.
Does LHV have an API?
Yes. LHV Bank offers a public Open Banking API that follows the UK Open Banking standard. It is built in cooperation with Salt Edge and provides Account Information Services (AIS) for accessing account balances and transactions, Payment Initiation Services (PIS) for facilitating secure payments, and Confirmation of Funds (PIIS/CBPII) for checking account funds. The API is designed for fintechs, businesses, and developers to build innovative financial services. Technical documentation and API specifications are available through Salt Edge's portal. Developer documentation is at priora.saltedge.com/docs/open_banking/lhv_bank/v3.1.
What industry is LHV in?
LHV's product category is Digital Banking. Its primary akta.pro industry code is FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions, with a secondary code of FSAMAGAE, Direct Debit / ACH Collections & Recurring Billing. Its NAICS code is 52232 and its SIC code is 6021.