Updated:
myTU
myTU is a digital banking platform founded in 2019 in Vilnius, Lithuania. It offers payment and marketplace/loyalty solutions for private consumers and...
Overview
myTU is a digital banking platform founded in 2019 in Vilnius, Lithuania. It offers payment and marketplace/loyalty solutions for private consumers and business clients. The platform serves the travel and hospitality industry.
General information
Location
Region
Europe
Country
Lithuania
Corporate office
Lithuania
Sector focus
Frequently asked questions
What financial products does myTU offer?
myTU offers a mobile-first electronic banking platform. Its public-facing materials describe digital current accounts and payment services for individuals and families. The firm does not publicly market credit products, investment management, or wealth advisory services.
Under what regulatory framework does myTU operate?
myTU is licensed by the Bank of Lithuania as an electronic money institution. This license allows it to issue electronic money, provide payment accounts, and execute payment transactions across the European Union, subject to the Bank of Lithuania's ongoing supervision.
Who is behind myTU and how is it governed?
The firm does not publicly name its founders, senior management, or board of directors on its main website. No ownership structure or individual principal is disclosed in the available primary-source materials.
Does myTU publish its balance sheet or capital deployment strategy?
No. myTU does not disclose assets under management, a capital deployment strategy, or lending activity. As an electronic money institution, its primary activity is safeguarding client funds in segregated accounts and facilitating payments, rather than balance-sheet-intensive lending or proprietary investing.
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