Since 2018, Neobank PayRay is challenging the traditional financial infrastructure and seek to improve and automate the delivery and use of financial services within Small and Medium-sized Enterprises in Lithuania and beyond. In 2019 European Central Bank issued PayRay full banking license, which allows lending and accepting deposits. PayRay utilizes emerging technologies to make financial services more accessible and more efficient; From the loans to farmers with the Agricultural Loan Guarantee Fund to business loans with the European Investment Fund (under the EaSI program) PayRay is shaping a Fintech landscape in the Baltic region and beyond.