myTU’s €10M Push to Break Even

Hey Digital Banking Fanatic!

Not every FinTech follows the VC playbook. myTU, a Lithuania-based digital bank launched in 2019, has taken a different route—focused on sustainable growth over external funding. After raising €6M in its early years, myTU has now secured an additional €10M in an oversubscribed Series A from existing shareholders, pushing its valuation past €35M.

Named a ‘Rising Star’ in Europe Digital Banking (2024) by Sifted, myTU operates a fully automated, cloud-native banking platform. It serves over 50,000 retail customers and 200 businesses, offering AI-driven financial services, embedded payments, and family banking solutions. Built on proprietary core banking infrastructure, the company is designed to scale efficiently while keeping costs low.

Raman Korneu, Co-Founder & CEO, sums it up: “The FinTech landscape is shifting. Funding is harder to secure, and profitability has become the real measure of success. With this investment, we are focused on scaling sustainably and reaching break-even this year. Our technology allows us to serve millions of users with a lean team, and this efficiency is what sets us apart. We are building a banking platform that is not just digital-first, but truly digital-native.”

myTU expects to process over €1 billion in transactions by 2025, and plans to scale its acquiring and lending capabilities, strengthen its infrastructure, and deepen strategic partnerships.

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Cheers,

Marcel

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