Rise brings together the world’s brightest thinkers and doers to create the future of financial services, through a network of physical hubs and a virtual community. The new site, which will open its doors in Vilnius this summer, follows the already opened London, Manchester, New York and Cape Town Rise hubs and the soon to open Tel Aviv and Mumbai locations.

Lubaina Manji, Barclays Head of Rise and Group Innovation Office said: “With Rise, we’re seeking to connect some of the most innovative ecosystems in the world to drive and accelerate innovation, particularly within financial services. We’re excited about tapping into the skills and expertise that Lithuanian start-ups have to offer.”

Rise Vilnius will provide a physical site for innovative fintech companies and startups, offering a co-working space, a trendy auditorium for events and meeting rooms. The new site will be located in the city centre on Gyneju Street in the building called “Vilnius Gate”. Rise Vilnius will be the home of world class mentorship, hackathons and daily workshops and events.

Mariano Andrade Gonzalez, Interim Head of Barclays Global Operations Lithuania added: “Lithuania is one of Europe’s fastest growing economies and the startup space in particular has been heating up over recent years. Vilnius offers a vibrant and friendly environment for startups to thrive, with advanced IT infrastructure and capabilities already in place. Barclays has been a key employer in the country for many years now and the opening of Rise will further deepen its commitment to the country.”

Entrepreneurs and startup companies can find more details about Rise Vilnius at www.thinkrise.com or follow the Rise Vilnius Facebook page to get the latest information as we approach the opening of the new site.