--- title: "Montonio Finance, UAB · Payment institution (Bank of Lithuania) · Lithuania | Elucidate" description: "Montonio Finance, UAB is authorised by Bank of Lithuania as a payment institution in Lithuania. Licence LB002007. LEI 98450038FWBFADD7E484. Register status, licences, activities and ownership." url: https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9 --- 1. [Directory](https://elucidate.co/directory) 2. [Lithuania](https://elucidate.co/directory/country/lt) 3. Montonio Finance, UAB Lithuania · Payments & e-money # Montonio Finance, UAB Legal name in the LEI record Montonio Finance UAB Montonio Finance, UAB is a Lithuanian private limited company based in Vilnius. The Bank of Lithuania authorises it as a payment institution under licence LB002007. The licence was granted on 5 November 2020 and extended to further payment services in February 2023. The firm is a subsidiary of the Estonian company Montonio Finance OÜ and provides the regulated payment services of the Montonio checkout platform. These are payment initiation, account information and payment processing for online merchants in the Baltic states, Poland and Finland. Register status Licensed in Lithuania Payment institution · Bank of Lithuania Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#licences) BIC **No BIC** LEI **[98450038FWBFADD7E484](https://search.gleif.org/#/record/98450038FWBFADD7E484)** [Licence no. **LB002007**](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#licences) ## Licences and registrations Held by Montonio Finance, UAB (LEI 98450038FWBFADD7E484). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) Bank of Lithuania | Payment institutionPayment Institution | LB002007 | [Lithuania](https://elucidate.co/directory/country/lt) | Active | 2020-11-05 | — | - Money remittance - Payment services - Card acquiring - Payment initiation - Account information | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#overview-sources) Customers 8,000 merchants · Group · 29 Sep 2026 · [company statement ↗](https://www.montonio.com/about) Employees 65 headcount · Group · 29 Sep 2026 · [company statement ↗](https://www.montonio.com/about) Ownership Group subsidiary Montonio Finance OÜ Firm type Open banking Trades as Montonio - **Ownership:** According to its LEI record, the firm's direct and ultimate parent is the Estonian company Montonio Finance OÜ. In May 2025 the Bank of Lithuania did not object to funds of Index Ventures acquiring indirectly a qualifying holding of more than 20% but less than 30%. - **Direct parent:** [Montonio Finance OÜ ↗](https://search.gleif.org/#/record/9845009F01E96A0KCF93), Estonia - **Head office:** Konstitucijos pr. 7, LT-09308 Vilnius, Lithuania - **Company register:** Lithuanian Register of Legal Entities 305205122 - **Founder:** Markus Lember ### Online - **Websites & references:** [montonio.com ↗](https://www.montonio.com/) [help.montonio.com ↗](https://help.montonio.com/) help centre [status.montonio.com ↗](https://status.montonio.com/) status page [careers.montonio.com ↗](https://careers.montonio.com/) careers site (group) - **Official social accounts:** [LinkedIn ↗](https://ee.linkedin.com/company/montonio) · [Facebook ↗](https://www.facebook.com/MontonioCheckout/) · [Instagram ↗](https://www.instagram.com/montoniofinance/) Sources · 14 pages consulted 1. [lb.lt/en/sfi-financial-market-participants/montonio-finance-uab](https://www.lb.lt/en/sfi-financial-market-participants/montonio-finance-uab) 2. [lb.lt/lt/naujienos/finansu-rinkos-prieziuros-komiteto-sprendimai-4](https://www.lb.lt/lt/naujienos/finansu-rinkos-prieziuros-komiteto-sprendimai-4) 3. [montonio.com/](https://www.montonio.com/) 4. [montonio.com/legal](https://www.montonio.com/legal) 5. [montonio.com/legal/terms-of-service-pis](https://www.montonio.com/legal/terms-of-service-pis) 6. [montonio.com/legal/partners](https://www.montonio.com/legal/partners) 7. [montonio.com/about](https://www.montonio.com/about) 8. [montonio.com/blog/montonio-enhances-fintech-services-with-an-extended-lithuanian-payment-institution-l](https://www.montonio.com/blog/montonio-enhances-fintech-services-with-an-extended-lithuanian-payment-institution-license-adds-new-payment-methods-in-poland) 9. [montonio.com/blog/montonio-appoints-johan-nord-as-ceo](https://www.montonio.com/blog/montonio-appoints-johan-nord-as-ceo) 10. [s3.eu-central-1.amazonaws.com/public.montonio.com/terms\_and\_conditions/payment\_initiation/v3.0/payment\_initiation\_inter](https://s3.eu-central-1.amazonaws.com/public.montonio.com/terms_and_conditions/payment_initiation/v3.0/payment_initiation_international.pdf) 11. [careers.montonio.com/](https://careers.montonio.com/) 12. [uzraudziba.bank.lv/en/market/payment-service-providers/payment-institutions/service-providers-from-the-eea/f](https://uzraudziba.bank.lv/en/market/payment-service-providers/payment-institutions/service-providers-from-the-eea/freedom-to-provide-services/montonio-finance-uab/) 13. [lhv.com/news/2023/3/](https://www.lhv.com/news/2023/3/) 14. [lei.bloomberg.com/leis/view/98450038FWBFADD7E484](https://lei.bloomberg.com/leis/view/98450038FWBFADD7E484) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#overview-sources) - **Operates under:** Its own licences The Bank of Lithuania authorises the firm as a payment institution under licence LB002007. The Bank of Lithuania register lists it as providing services without a branch in 10 other EU member states, and the firm names the Polish, Latvian and Estonian supervisors as host authorities. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Bank of Lithuania Lithuania | Payment institution licence | LB002007 | In its own name | Active | [lb.lt ↗](https://www.lb.lt/en/sfi-financial-market-participants/montonio-finance-uab) | | Bank of Lithuania Lithuania | Listed in the register category 'Currency exchange operators' | — | In its own name | Active | [lb.lt ↗](https://www.lb.lt/en/sfi-financial-market-participants/montonio-finance-uab) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#overview-sources) - **Safeguarding:** Segregated safeguarding accountsAccording to its merchant terms, the firm keeps merchants' balances separate from its own funds. It moves them to a designated safeguarding account at a credit institution by the end of the next business day. [s3.eu-central-1.amazonaws.com ↗](https://s3.eu-central-1.amazonaws.com/public.montonio.com/terms_and_conditions/payment_initiation/v3.0/payment_initiation_international.pdf) - **Safeguarding bank · Settlement bank:** LHV Bank Limited United Kingdom [lhv.com ↗](https://www.lhv.com/news/2023/3/) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#overview-sources) - Payment initiation (open banking) - Payment gateway - Merchant acquiring - Account information (open banking) The firm provides the regulated payment services behind the Montonio checkout for online shops. These are bank payments by payment initiation, card, Apple Pay and Google Pay payments, and automated refunds. Group companies offer shipping tools and pay-later financing through partner creditors. According to Montonio, its merchants are in Estonia, Latvia, Lithuania, Poland and Finland. The Bank of Lithuania register lists cross-border services without a branch in 10 other member states. - **Sells to:** Small businesses · Consumers - **Serves customers in 5 countries:** Estonia · Latvia · Lithuania · Poland · Finland - **Latest funding round:** Series A · EUR 11m Apr 2022 Led by Index Ventures [montonio.com ↗](https://www.montonio.com/blog/montonio-enhances-fintech-services-with-an-extended-lithuanian-payment-institution-license-adds-new-payment-methods-in-poland) - **Total raised:** EUR 18m to Sep 2026 · [montonio.com ↗](https://www.montonio.com/about) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#overview-sources) - **Chief executive:** Johan Nord Chief Executive Officer (Montonio group) Confirmed 8 Aug 2024 · [montonio.com ↗](https://www.montonio.com/blog/montonio-appoints-johan-nord-as-ceo) - **Founder:** Markus Lember Co-founder, Strategy (Montonio group) Confirmed 29 Sep 2026 · [careers.montonio.com ↗](https://careers.montonio.com/people/1144584-markus-lember) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/montonio-finance-uab-f0c25afebfa9#overview-sources) 1. May 2025 Other The Bank of Lithuania did not object to Index Ventures funds indirectly acquiring a qualifying holding of 20% to 30% in the firm. [lb.lt ↗](https://www.lb.lt/lt/naujienos/finansu-rinkos-prieziuros-komiteto-sprendimai-4) 2. Aug 2024 Leadership Montonio appointed Johan Nord as group chief executive. Co-founder Markus Lember became chief strategy officer. [montonio.com ↗](https://www.montonio.com/blog/montonio-appoints-johan-nord-as-ceo) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · EBA-PSD2:** LB002007 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [98450038FWBFADD7E484 ↗](https://search.gleif.org/#/record/98450038FWBFADD7E484) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** f0c25afebfa9 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Money remittance - Payment services - Card acquiring - Payment initiation - Account information - **Licensed in:** [Lithuania](https://elucidate.co/directory/country/lt) · Europe & Central Asia - **First registered:** 2020-11-05 Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** Montonio Finance Oü · Estonia[9845009F01E96A0KCF93 ↗](https://search.gleif.org/#/record/9845009F01E96A0KCF93) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** Konstitucijos pr. 7, Vilnius, 09308 - **Country:** Lithuania ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 98450038FWBFADD7E484 Montonio Finance, UAB 09308 Vilnius LT Konstitucijos pr. 7 ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Other payments & e-money institutions in Lithuania - [Paylar, Uab BIC UAUPLT2V Payments & e-money Prudential licence Lithuania · Licensed by Bank of Lithuania · LB001876 (EBA-PSD2) · LEI 894500AIXAOM2GM0S646](https://elucidate.co/directory/paylar-uab-uauplt2v) - [Nayax Europe UAB No BIC Payments & e-money Prudential licence Lithuania · Licensed by Bank of Lithuania · LB002078 (EBA-PSD2) · LEI 9845004849E2F454BC09](https://elucidate.co/directory/nayax-europe-uab-fd84d85571bf) - [Nuvei Liquidity UAB · trading as Simplex No BIC Payments & e-money Crypto Prudential licence Lithuania · Licensed by Bank of Lithuania · LB002325 (EBA-PSD2) · also on ESMA-CASP · LEI 894500IY99QLL9M0SR28](https://elucidate.co/directory/nuvei-liquidity-uab-781ac5b84b88) - [Paysera Lt Uab BIC EVIULT2V Payments & e-money Prudential licence Lithuania · Licensed by Bank of Lithuania · LB000251 (EBA-PSD2) · LEI 5299009E21OGG8K3Y756](https://elucidate.co/directory/paysera-lt-uab-eviult2v) - [Robinhood Europe UAB · trading as Robinhood No BIC Payments & e-money Crypto Prudential licence Lithuania · Licensed by Bank of Lithuania · LB002341 (EBA-PSD2) · also on ESMA-CASP · LEI 254900GTP4UXQO1UMI36](https://elucidate.co/directory/robinhood-europe-uab-25c99971eace) - [UAB Decentralized · trading as Coingate No BIC Payments & e-money Crypto Prudential licence Lithuania · Licensed by Bank of Lithuania · LB002324 (EBA-PSD2) · also on ESMA-CASP · LEI 6488907MV9XAA08E4E40](https://elucidate.co/directory/uab-decentralized-466a2c4bf603) - [UAB "Elektroninių mokėjimų agentūra" No BIC Payments & e-money Prudential licence Lithuania · Licensed by Bank of Lithuania · LB001982 (EBA-PSD2) · LEI 894500JXZ1T5RH87LI72](https://elucidate.co/directory/uab-elektroniniu-mokejimu-agentura-99d365f34c08) - [UAB „Elektroninių pinigų bitė“ No BIC Payments & e-money Prudential licence Lithuania · Licensed by Bank of Lithuania · LB002088 (EBA-PSD2) · LEI 894500QPV7L8XZX01I10](https://elucidate.co/directory/uab-elektroniniu-pinigu-bite-1fd23d2e8bf5) [See all →](https://elucidate.co/directory/search?type=payments&cc=LT) [Other entries on EBA-PSD2 →](https://elucidate.co/directory/register/eba-psd2) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Register for this page - **EBA PSD2 Register**—European Banking Authority (EBA) · [source ↗](https://euclid.eba.europa.eu/register/pir/search) as at 25 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.