Company: myTU
Founders: Raman Korneu (CEO), Tomas Navickas (CTO)
Website: https://mytu.co/
About myTU
myTU is a fully automated, AI-native and cloud-first digital bank offering smart, secure, and affordable financial services. myTU provides a variety of digital banking services with remote onboarding to both consumer clients and businesses. It includes payments-as-a-service, family banking, a marketplace and loyalty system, all powered by its proprietary core banking platform. myTU’s innovative approach makes it an ideal solution for addressing the needs of underserved audiences, both individuals and businesses, including financial service providers.
In Europe, more than 13 million adults lack access to basic banking, while many small businesses face high costs and limited options for financial services. The infrastructure supporting traditional banking remains costly and complex, limiting access to efficient and affordable solutions. myTU addresses this gap by offering a fully automated, cloud-first digital banking platform, combining AI-driven financial services with remote onboarding and embedded payment solutions. Built on proprietary core banking infrastructure, myTU is designed to serve high-growth markets efficiently, while keeping operational costs low.
Based in Vilnius, Lithuania, myTU was started by seasoned banker Raman Korneu and tech expert Tomas Navickas to create a next-generation banking experience designed for the digital age. myTU made the forward-thinking decision to build entirely on Google Cloud, making it one of the first digital banks to run fully on the public cloud. This allowed it to scale efficiently and innovate rapidly, while keeping IT costs extremely low.
The myTU app was built using Google’s Flutter framework, enabling cross-platform development 4x faster than traditional native apps. The result is a high-performance banking app with excellent UI and smooth animations. Security was baked into the design from day one, with the latest encryption and biometrics integrated.
Today, myTU has over 50,000 customers from more than 100 nationalities, with 40% engaging actively on a weekly basis. Rather than chasing large, saturated markets, myTU focuses on becoming a leading digital bank in smaller countries often overlooked by incumbent banks and larger European neobanks. It is currently seeing strong organic growth in Lithuania and Latvia.
Last year, myTU expanded its offering with business accounts and debit cards available across the EEA. These allow businesses to issue both physical and virtual Visa cards, manage expenses with flexible limits, and access enhanced fraud protection. The product was built for startups, SMEs, and financial service providers underserved by traditional banks. Through myTU’s API, clients can also manage card issuance and related processes efficiently on behalf of partners.
In March 2025, myTU secured a €10 million Series A, surpassing its initial €9 million target in an oversubscribed round. The round was completed by existing shareholders increasing their stakes and two new strategic investors, both long-term business partners of myTU. This round values myTU at over €35 million, reflecting investor confidence in the company’s market position and future trajectory.
