Key Data

• Trading Name: Mistertango
• Legal Entity: Secure Nordic Payments, UAB
• Activities: Business Bank Accounts
• Location: Vilnius, Lithuanian
• Regulations: EMI supervised by the Bank of Lithuania
• Key People: Audrius Ramanauskas (Linkedin) and Tadas Kvedaras (Linkedin)

Offering

Mistertango is a Lithuanian fintech company that offers dedicated IBAN accounts to individuals and businesses.

Its current account with IBAN and the ability to transfer money instantly via SEPA allows individuals and businesses to facilitate and fund online activities with fiat currency quickly and securely.

They provide:

• Business Accounts
• Virtual cards

The company charges 0.05% per transfer and a 0.1% balance fee.

In 2019, the Bank of Lithuania, as the competent supervisory authority in Lithuania, temporarily banned the e-money institution MisterTango, UAB, from issuing e-money and providing certain payment services.

Mistertango was founded in 2014 by Audrius Ramanauskas (Linkedin) and Tadas Kvedaras (Linkedin).

Mistertango is an electronic money institution supervised by the Bank of Lithuania, activity license No.11.

Conclusion

Due to poor customer reviews and regulatory issues, we rank Mistertango in our “Red Compliance” list.