What Mano bankas does

Mano bankas (AB "Mano bankas") is a Lithuanian specialized bank licensed by the Bank of Lithuania in 2018, operating from a single headquarters in Vilnius. It serves three distinct customer segments: private individuals, small and medium enterprises, and fintech companies, offering current accounts, savings/deposits, consumer and mortgage loans, property-collateralized loans, leasing, and a full suite of payment services including SEPA, SWIFT, and instant TARGET2 euro transfers. The bank distinguishes itself through direct participation in SWIFT, SEPA, and TARGET2 payment rails since inception, EIF- and ILTE-guaranteed lending capacity, and a developer-first API posture.

The bank's technology foundation is a modern stack (Java/Spring backend with Kotlin services, React frontend, PostgreSQL on AWS, Kafka messaging, Kubernetes containerization, Ansible automation) supporting an internet banking platform, digital document management (Mano dokumentai), and two principal API products: a PSD2-compliant XS2A API based on the Berlin Group NextGenPSD2 v1.3 specification (launched 2020-07) for third-party providers, and an E-commerce Payments Gateway REST API supporting card payments, refunds, payment links, Apple Pay, and Google Pay. A sandbox environment (demo-payportal.mano.bank) and an Azure-managed developer portal (developers.mano.bank) lower integration friction for fintech and merchant partners.

Revenue is generated through a hybrid model combining net interest income on loans and deposits (including a 1.50% annual interest rate paid monthly on business current accounts), transaction-based payment fees (SEPA 0.40-2 EUR, SWIFT 20-30 EUR, e-commerce 0.19 EUR plus commission), recurring account maintenance fees (free for private clients, 5-70 EUR/month for businesses and non-residents), and credit origination and administration fees (1.00% of credit amount plus 7-20 EUR monthly admin). The bank pursues a digital-first, direct-to-consumer go-to-market with no branch network, supplemented by in-person service at headquarters and a boutique positioning emphasizing speed, personal attention, and freedom from bureaucratic friction.

Name

Mano bankas

Legal name

AB "Mano bankas"

Website

https://mano.bank

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Mano bankas is a Lithuanian specialized bank licensed in 2018, offering accounts, lending, payments, and leasing to private individuals, SMEs, and fintechs, with direct SWIFT/SEPA/TARGET2 participation and PSD2 and e-commerce payment APIs.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

State Commercial Banks (6022), Personal Credit Institutions (6141)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Alternative Payment Method (APM) Acquiring (e.g., BNPL, wallets, local methods) (FSAMABAL), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

Keywords

• Specialized banking services
• SEPA SWIFT payments
• Consumer mortgage lending
• PSD2 open banking API
• E-commerce payment gateway

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Interest earned on loans and credit facilities including consumer loans, mortgages, and business loans. The bank offers 1.50% interest on business current accounts.
2. Payment Processing Fees: Fees charged for payment services including SEPA payments (0.40-1 EUR), SWIFT transfers (20-30 EUR), and e-commerce payment processing with 0.19 EUR per transaction plus commission.
3. Account Maintenance Fees: Monthly account management fees: 5 EUR/month for business accounts, free for private clients. Additional fees for non-residents and financial institutions.
4. Credit/Loan Fees: Credit agreement origination fees (1.00% of credit amount, min 300-500 EUR), commitment fees on unused credit lines, and monthly administration fees.
5. Leasing Services: Financial leasing for vehicles, equipment, and property with arrangement fees and ongoing management charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Mano bankas is a Lithuanian specialized licensed bank providing accounts, payments, and financing services to private individuals, SMEs, and fintech companies. Core offerings include current and savings accounts, consumer and mortgage loans, business loans, leasing, deposits, SEPA/SWIFT/instant EUR payments, an e-commerce card payment gateway, and PSD2-compliant open banking APIs for third-party providers.

Product overview

Mano bankas is a licensed specialized bank (licensed 2018) in Lithuania offering a comprehensive suite of banking services organized across three customer segments: Private individuals, Business customers, and Fintech clients. The product portfolio includes deposit accounts (with 1.50% interest on business current accounts), payment services (SEPA, SWIFT, instant euro payments, correspondent banking), and financing products (consumer loans, housing loans, property-collateralized loans, and leasing). For business and fintech customers, the bank provides E-commerce Payments Gateway API enabling card payment acceptance online, as well as PSD2 Open Banking API (XS2A) for third-party provider access to account information and payment initiation services. The Internet Bank platform serves as the primary digital channel for all customer segments with integrated document management.

Differentiator

Problem solved

Functional benefit

Products and services

• Bank Accounts (Sąskaitos) Current and savings accounts for private individuals, SMEs, and fintech companies with online banking access and free or low-cost management depending on client segment.
• Payment Services (Mokėjimai) Payment services including SEPA, SWIFT, and instant euro payments for domestic and international transactions, available to private, business, and fintech customers.
• Consumer Loan (Vartojimo paskola) Personal consumer loan for private customers providing financing for various personal needs with flexible terms and rates.
• Housing Loan (Būsto paskola) Mortgage loan secured by real estate property for purchasing housing.
• Property Collateral Loan (Paskola įkeičiant turtą) Loan secured by property collateral for both private and business customers.
• Business Loans (Paskolos verslui) Business financing solutions including loans and credit facilities tailored for corporate/SME customers, with options backed by EIF and ILTE guarantees.
• Leasing (Lizingas) Financial leasing services for both private and business customers for vehicle, equipment, and other asset financing.
• Deposits (Indėliai) Term deposit products with competitive interest rates for private, business, and fintech customers, with 1.50% interest on business current account balances.
• E-commerce Payment Gateway (E-komercijos mokėjimai) Online payment gateway enabling merchants to accept card payments securely via API integration, supporting payment links, Apple Pay, Google Pay, and refunds.
• Correspondent Payments (Korespondentiniai mokėjimai) Correspondent banking payment services for fintech customers enabling international cross-border transactions.
• PSD2 Open Banking API (XS2A) PSD2-compliant XS2A API enabling third-party providers to access account information, confirm funds availability, and initiate payments via Strong Customer Authentication (REDIRECT approach).

Quantifiable outcome

• 1.50% interest paid monthly on business current account funds
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• European Investment Fund (EIF)coreStrategic or Co-development PartnerThe bank provides loans backed by European Investment Fund guarantees, enabling access to financing for businesses that may not qualify under standard criteria.
• ILTEcoreStrategic or Co-development PartnerProvides loan guarantees through ILTE programs, enhancing the bank's lending capabilities for business clients.
• SWIFTcoreTechnology or IntegrationDirect SWIFT participant enabling international wire transfers and correspondent banking services worldwide.
• SEPA (Single Euro Payments Area)coreTechnology or IntegrationSEPA participant enabling instant and standard euro payments within the European payment area.
• TARGET2coreTechnology or IntegrationDirect TARGET2 participant for large-value and urgent payments in euros within the European payment infrastructure.
• Lithuanian Deposit Insurance Fund (IID draudimas)coreOthersDeposit insurance coverage for customer deposits as required by Lithuanian banking regulations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Revolut Bank UAB: Lithuania-licensed specialized bank (Revolut Bank UAB operates under an EU banking license issued in Lithuania) offering accounts, payments, and consumer lending to private and business customers across Europe. Most direct EU-based peer given shared Lithuanian domicile and overlapping digital-first consumer/SME offering.
• ConnectPay: Lithuanian regulated electronic money institution providing accounts, payments, and merchant acquiring to fintechs and SMEs. Comparable in target customer base (fintechs, e-commerce) and product mix (accounts, payments, acquiring) within the same domestic market.
• European Merchant Bank (EMBank): Lithuanian licensed specialized bank targeting fintechs, SMEs, and e-commerce merchants with accounts, payments, and acquiring services. Closely comparable niche-bank, BaaS-oriented peer based in Vilnius.
• Wallester AS: Estonian-licensed fintech offering accounts, card issuing, and payment processing for businesses. Overlapping BaaS-style offering for fintechs and merchants, with comparable SEPA/instant payment infrastructure and cross-border focus.
• Finvero (formerly Paysolut) / SME Bank: Specialized banking-as-a-service provider in the Baltic region offering accounts, payments, and lending to fintechs and SMEs. Comparable in targeting third-party fintechs needing licensed banking rails.

Broad incumbents

• Adyen: Global payments platform offering merchant acquiring, multi-currency accounts, and processing APIs. Comparable through the e-commerce payment gateway and merchant acquiring offering, though at very different scale.
• Stripe: Global payments and banking-as-a-service provider offering merchant acquiring, payment APIs, and fintech infrastructure. Comparable overlap in e-commerce payment gateway and developer-first API offering for fintechs and merchants.
• Swedbank Lithuania: Incumbent universal bank in Lithuania offering full retail, SME, and corporate banking plus payment services. Comparable product breadth but materially larger scale and branch network; key competitor for the SME and private client segments.
• Luminor Bank: Baltic universal bank (operating in Lithuania, Latvia, Estonia) offering retail, SME, and corporate banking plus payments. Comparable in Lithuanian/Baltic retail and SME focus, with broader geographic reach.
• SEB Bank Lithuania: Universal bank in Lithuania providing retail, SME, corporate banking, and payments. Largest traditional competitor in Mano bankas's domestic market with comparable full-service offering but much larger footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mano.bank.Lietuva
• LinkedInlinkedin.com/company/mano-bankas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Mano bankas