CapitalBox, the leading fintech lender for small- and medium-sized enterprises in Europe, is announcing the appointment of the Baltic fintech expert Nemira Palaimienė as the company's new Chief Strategy & Growth Officer. Palaimienė will oversee strategic expansion and development, partnership management, and product development. 

With offices in Sweden, Finland, the Netherlands, Lithuania, and Denmark, CapitalBox is among the leading alternative lending firms dedicated to financially underserved SMEs within the European Union. Operating as part of Multitude Group, the pure fintech company provides SMEs with capital quickly using a fully digital suite of lending applications and management tools.

Palaimienė previously distinguished herself within the Baltic financial sector at Nordea Finance Baltic, where she served as Deputy CEO and Member of the Baltic Management Team and managed a €2.2 billion lending portfolio. In 2019, she accepted the position of CEO and Board Member of European Merchant Bank, where she spearheaded the launch of neobank activities.

The following year she was appointed to the Board of Directors at SME Bank and took a leading role in coordinating a bank launch project and scaling bank activities to the Baltics, Finland, and the Netherlands. Palaimienė is a corporate finance and retail banking expert thanks to her extensive experience in scaling banking, finance activities, investment products, and mergers and acquisitions. She holds an LLM and a MBA from Vilnius University.

In her new role, Palaimienė will manage expansion efforts both tied to partnerships and M&A. Among her initial projects will be the offering of CapitalBox’s lending solutions as an embedded, white-label service and introducing factoring and revenue-based financing. She’ll also continue scaling of the company’s recently-introduced purchase of invoices product. Making day-to-day banking services as convenient and manageable as possible for SMEs will be at the heart of her work.

“It’s exciting to join CapitalBox at a time like this in the alternative lending sector, when we’re seeing an increased demand for human interactions alongside huge AI improvements that make lending more seamless than ever. Finding this balance will be integral to my work here,” said Palaimienė. “Beyond that, I’m ready to spearhead product development and mutually beneficial partnerships that will make this company even better at what it already does well. There’s a common thread through my professional life of working directly to address the financing gap for SMEs in Europe, and I can’t think of anywhere better to continue that work than here.”