The new area of fintech was discovered at Garage48 Baltic Open Banking Hackathon

Garage48 Baltic Open Banking hackathon kicked off on Friday, February 16th at the SEB Innovation Center with a total of 157 participants from Estonia, Latvia and Lithuania, all eager to challenge fintech as we know it! What a great way to celebrate the 100th birthday of Lithuania!

33 ideas were presented and by the end of the evening 16 teams started the hard work of developing their ideas.

At Garage48 we always try to be a bit head of the times and focus on the subjects of the near future and we are super lucky to have such progressive partners like SEB who have the guts to step out of the comfort zone and try out new things. The fintech enthusiast were joined by Omniva and Mastercard which only proves the fact the financial world need to be shaken.

Check out the 16 ideas which attracted a team of at least 4 people and got accepted by the merciless host Priit Salumaa :

1. North Trend

We are providing a smart way for investing in cryptoassets. We are creating an index fund and an investment management service which could be used through an user's bank account.

2.Budget Matador

We help managers handle invoices, payments, budgets, and cash flows in one place and in real-time.


Teach children the value of money, managing and saving it.


Hassle-free bill payment! We automatically extract invoices from your e-mail into our mobile app and allow you to pay the bills in one swipe.


Rewired provides simple and cheap bank link payments. Two clicks. No hassle. 
AI powered supply network management system on machine learning, smart contracts and open bank API's.

Product will actually give the opportunity for small and medium companies to take advantage of real-time economy amazing benefits in one place.

8. Paytailor

Paytailor is enabling payments between merchant and user with bank accounts, which they already have and devices which they already have. During the hackaton, we are adding option to pay straight from SEB bank account.

9. Cashflow Doctor
 Invoice financing tool analyzing bank statements and do future projections.

10. Smart Lender 
 Be smart, do not overpay for your home loan. Change your current lender to one which offers better terms, conditions and price.

11. Key2Bank
Platform helping to make ideas and projects attractive for banks without any efforts.

12. Pay Master  

Paymaster is proposing an automated accounting solution seamlessly integrated with Open Banking APIs to automate tasks that are performed by accountants daily.

 13. Cactus 

Smart cashflow analysis for the Baltics.

14. Data Me
 Data Sharing Platform, that helps people to get access to the financial data.

15. Angry Bills
 Our team is eager to revolutionise the process of work-related expense reimbursement.
16. Restricti
 Never go broke again and achieve financial freedom.

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