The European Central Bank granted Crius LT the license at the Bank of Lithuania's proposal.
"The investor behind Crius LT, UAB is Igor Rintel, an entrepreneur from Slovakia. Mr. Rintel also controls Trust Pay, a.s. – a licensed payment institution specializing in e-commerce payments," it said in a press release.
"Having secured the license, Crius LT, UAB is expected to start its activities as a payment-focused bank and offer financial services to its business customers: small and medium-sized enterprises, e commerce firms and other financial institutions."