European Merchant Bank is a banking firm in Lithuania founded by Dr. Ozan Ozerk (Linkedin)
The fintech entrepreneur Ozan Ozerk founded the company in 2018. He is the beneficial owner of the Akce Group and runs several regulated and unregulated FinTechs in Lithuania, Cyprus, Malta, and the UK. OpenPayd (PR42 profile) is part of the Akce Group.
Ozerk founded and managed TechToPay Limited (PR42 profile), an FCA-registered he sold in 2019. Over the last couple of years, Ozerk has managed his FinTech empire with the Cypriot Ekmel Cilingir and the Bulgarian Iana Dimitrova.
European Merchant Bank mainly offers financial products for small and medium-sized enterprises.
Its portfolio includes credit transactions, time deposit products, and commercial loans.
The fixed-term deposit of the European Merchant Bank is offered via the investment marketplace ZINSPILOT. ZINSPILOT mediates between the investor, and the interest rate offers of various banks.
Due to the founder’s connection to some unregulated companies and his appearance on FinTelegram, we classify the company in our “Orange Compliance” list.