Lithuanian entrepreneurs have taken the top four places in Forbes 10 most inspiring startups from the Baltics, with Daumantas Dvilinskas creator and CEO of TransferGo named the number one start-up in the Baltic States.
Daumantas Dvilinskas
© DELFI / Šarūnas Mažeika

TranferGo is an online digital money transfer platform that makes international money transfers easier. Founded in 2012, the company employs 40 people in London and Vilnius and operates in more than 40 countries with over 100,000 customers.

Co-founder of, Milda Mitkutė, Lithuania‘s most successful start-up, was ranked in second place. The international clothing exchange portal has already attracted $27 million in investment from venture capitalists.

In third place for the Baltic States, Forbes named Edmundas Balčikonis, the head and co-founder of TrackDuck, a company provides visual feedback service for websites. Ranked fourth in the Baltics is Lithuanian entrepreneur Matas Jakutis, who founded Filippo Loreti with his brother Danielius, a watch brand inspired by the Italian style. The company’s selling watches from special collections for under $150.

Latvian Matis Ansviesulis rounds out the top five he is leader and co-founder of Creamfinance, a technology-oriented consumer lending company that operates throughout Europe.

ECIU to pilot ground-breaking university model

The European Consortium of Innovative Universities (ECIU), of which Kaunas University of Technology...

Lithuania regrets decision that opens way for unilateral return of Russian delegation to PACE

The Ministry of Foreign Affairs of Lithuania expresses its regret regarding the resolution of the...

Russia to issue free e-visas to Lithuanians and other foreigners visiting Kaliningrad region

Moscow has formally notified Vilnius that Lithuanians will be able to travel to Russia's Baltic Sea...

1st thing to do in case of Astravyet's accident

The first thing people should do in case of an accident at the Astravyets nuclear power plant in...

MP's party membership suspended due to internal violations

The opposition conservative Homeland Union – Lithuanian Christian Democrats on Tuesday decided to...