Government officials recently created legislation for P2P lenders in Lithuania; FinBee, a small business lender is the first to have received the license and has officially launched using Madiston's software; according to FinBee CEO Laimonas Noreika: "We were delighted to be the first P2P platform to receive our license to help small businesses borrow to finance their growth. Our technology helped us to achieve this. When we first launched consumer lending, we chose Madiston's software because it was ready to go with what we needed but also gave us the ability to add functionality as we grow. The first step in our expansion plan was to add business lending and the technology was there for us, Madiston has been a supportive partner throughout."  Source

Finbee currently offers consumer loans and has announced expansion into business loans for small and medium-sized enterprises (SMEs); the expansion follows a new law enacted by the government to support online lending and a license obtained by Finbee for the service; the SME loans will be sourced from a separate website; Finbee will offer SME loans for up to 15,000 euros ($15,911) with a 12 month duration; different from the consumer loans, Finbee will not be covering defaults from SME loans with its compensation fund.  Source