Founded in 2019 and based in Vilnius, myTU is a fully automated, AI-powered and cloud-first digital bank that offers payments-as-a-service, family banking, and a marketplace and loyalty system built on its proprietary core banking platform. The company serves over 50,000 retail customers across 100+ nationalities and 200+ legal entities, and is on track to process more than €1 billion in transactions by 2025. myTU operates with a small team of about 25 people and says its tech stack can scale to serve millions of customers. The firm expects to reach profitability in 2025. myTU plans to use the new funding for customer acquisition, lending, and preparations to obtain a full banking license in Lithuania. Its advanced, cloud-native and AI-driven stack underpins its product roadmap and operational scalability.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2025