Ellex

Ellex is a Baltic law group that advises payment and e-money institutions, neobanks and other fintech projects. Separate office contacts are given for Estonia, Latvia and Lithuania.

Services

Three areas are listed: EMI and PI licensing, fintech regulatory work, and corporate and contractual matters for fintech companies. The website publishes a case in which the group supported the EMI licence of Payhawk Financial Services in Lithuania, a concrete example of the licensing work offered.

Coverage

The group works in Estonia, Latvia and Lithuania, so an applicant can compare the supervisory approach of the three Baltic states and use one adviser for the chosen route. Which regulator suits which business model is a decision to take early, since it affects capital, safeguarding and local presence requirements.

Who it suits

Payment start-ups and neobanks preparing an EMI or payment institution application in the Baltics, as well as established fintechs needing contract and corporate advice around their product, may find a regional firm with a published licensing case reassuring. Fees, timelines and team composition are not published and should be requested from the group.