Case Studies

TGS Baltic is a top-tier commercial law firm that has won various awards in Europe. With over 1500 local and international clients, TGS Baltic uses their expertise and experience to aid in the development of their clients’ businesses. 

InRento is the first and largest regulated buy-to-let crowdfunding platform in the European Union. With thousands of investors worldwide, InRento is backed by institutional capital and was recognised as the #1 investment tech at the Europe FinTech Awards. 

LKU is a credit union group that unites 45 credit unions operating in Lithuania. Unions belonging to this group provide a wide range of services: from electronic banking, banking application and payment cards to payments for utility services, money transfers in Lithuania and abroad, credits and deposits, and more.

HeavyFinance operates as a platform, bridging the gap between investors and small to medium-sized agricultural enterprises. The primary focus of HeavyFinance is facilitating the adoption of regenerative soil management techniques, which actively contribute to the global initiative of reducing atmospheric CO2 emissions. The investment prospects available on the platform are securely backed, with heavy machinery or land serving as collateral, ensuring a robust and reliable investment environment.

Fansly is a subscription-based social media platform that allows creators to earn money from their content. Its biggest user base comes from adult-oriented content. Users can subscribe to creators' pages for a monthly fee, which gives them access to exclusive content and the ability to communicate with the creator.

Tonybet is an experienced and trusted online venue that is dedicated to providing the safest, fairest, and most reliable online betting environment for players worldwide. Tonybet’s strengths lie in its experience, great customer service, and superlative service quality.

Ooredoo is a major international telecommunications company with around 158 million customers in the Middle East, North Africa, and Southeast Asia. It is the leading operator in Qatar, delivering world-class services for consumers, businesses, residences and organisations.

Founded in 2018. Profitus is one of the leading real estate crowdfunding platforms in Lithuania. Profitus serves as an online community for investing in real estate loans and enables real estate developers to receive funding from investors. It has funded over €100 million worth of loans so far.

Compensa Life Vienna Insurance Group SE is a member of Vienna Insurance Group (VIG), the leading insurance group in Central and Eastern Europe. With a long tradition, strong brands and close customer relationships, the group comprises about 50 insurance companies in 30 countries.

OnlyFans is a UK-domiciled digital media platform with over 220 million registered users worldwide. OnlyFans’ mission is to empower its community of creators to own and control their own image, manage their creative digital content, and to financially benefit from the content they share with their fans.

Luminor is the leading independent bank and the third-largest provider of financial services in the Baltics. In 2020 they turned to Ondato to streamline their KYC process. A year later, they once again partnered with Ondato for their KYB process. We delve deeper into this solution in this case study.

PZU Lithuania Life Insurance is a life insurance company that is a subsidiary of the PZU Group. With over 200 years of history and experience, PZU Group is one of the largest and oldest insurance businesses in Central and Eastern Europe. In 2013, the group bought the RSA Insurance Group’s assets in Poland, Latvia, Lithuania, and Estonia, establishing itself as the market leader in the Baltic States.

SME Bank is the first Lithuanian capital digital-only neobank, focused on small and medium-size enterpises, that offers day-to-day banking services and lending products. They're serving their clients only remotely, which means heavy reliance on Ondato's services.

BitWin24 is an online casino revolutionizing the gambling market by combining the concept of a lottery with blockchain technology. With substantial experience in the sector, the company has made it possible for any individual or organization to securely earn money from their network while ensuring anonymity and stability.

SAVY is a virtual peer-to-peer lending platform that helps you invest money easily and efficiently. It connects users who want to borrow money with those who are lending money. SAVY acts as an intermediary reducing the risks for both sides while automating and simplifying the process. Lenders are incentivized to earn higher interest rates, while borrowers can save interest on their loans rather than using banks or other credit institutions.

Luminor is the third-largest financial services provider in the Baltic market, with nearly one million customers. Total shareholders' equity amounts to 1.6 billion EUR and Luminor is capitalized with a CET1 ratio of 18.7%. Their scale puts them in a position to be looking for more optimal KYC and AML-related compliance solutions. At the same time, developing innovative digital solutions and offering them to customers is one of Luminor bank's long-term goals.

kurts is a German mobile tools workshop based on sharing economy principles. They provide their customers with professional tools for their do-it-yourself home projects. Their latest itineration, called kurts Toolbox enables tool sharing services through a mobile application, allowing its users to rent high-quality professional tools whenever and wherever they need them.