Fintech firm Zilch has agreed to acquire AB Fjord Bank, a Lithuania-based institution, for an undisclosed sum. Fjord Bank has approximately $120m in assets. It holds authorisation and regulation from the Bank of Lithuania and the European Central Bank. With this deal, Zilch will obtain a European banking licence, allowing it to broaden its reach within the European market. The bank plans to acquire full ownership of Fjord Bank and set up its European headquarters in Lithuania, positioning Vilnius as i ...