SME Bank is a Lithuanian digital neobank that offers small and medium-sized enterprises a free, automated creditworthiness assessment and the ability to apply for business loans entirely online.
Funding
$1.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium-sized enterprises in Lithuania lack easy access to reliable creditworthiness assessments and fast financing options, often facing lengthy, paper‑heavy processes with traditional banks.
Solution
SME Bank offers a digital neobank platform that provides Lithuanian SMEs with a free, automated creditworthiness assessment and the ability to apply for business loans entirely online. The platform uses streamlined data collection and automated scoring to deliver financing decisions within one business day. Applicants receive personalized loan offers covering amounts from €10 000 to €3 000 000 and terms up to ten years, with transparent monthly payment calculations. All services are accessible through a web interface, eliminating the need for physical branch visits and reducing bureaucratic overhead.
Target Audience
Primary customers are Lithuanian small and medium-sized enterprises seeking quick, transparent financing and ongoing banking services.
Features
- Free, instant creditworthiness report generated from minimal required documentation
- End‑to‑end online loan application with electronic signature and document upload
- Decision turnaround within one business day powered by automated underwriting
- Flexible loan amounts (€10 k–€3 M) and terms (1–10 years) with real‑time payment schedule preview
- Integrated digital banking suite for everyday transactions and account management
- Fully licensed by the European Central Bank, ensuring regulatory compliance and security