The Central and Eastern Europe Investment Fund, managed by Taiwania Capital, has given a 10-million-dollar (around 9.2 million euros) injection to the Lithuanian fintech company TransferGo. This is the largest investment since the CEE Fund was established in 2022.
“The investment demonstrates the trust between Taiwan and Lithuania to further strengthen their cooperation in advanced businesses to build resilient democratic supply chains together,” the Taiwanese representation in Lithuania said in a press release.
“This investment, following the Fund’s previous investments in advanced laser and AI medical technologies in Lithuania, marks a step into the financial technology industry, opening up new opportunities for cooperation and development between Taiwan and Lithuania,” it continued.
According to Vilma Radzevičienė of TransferGo, the investment is aimed at accelerating growth in the Asia-Pacific region and supporting the development of new product offerings.
Earlier, Taiwan’s Central and Eastern European Investment Fund invested 200 million euros in laser manufacturer Litilit and Oxipit.
The CEE Fund managed by venture capital firm Taiwania Capital is dedicated to investments in Lithuania, the Czech Republic, and Slovakia.
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