myTU is a fully automated, AI-native digital bank that provides secure and fast financial services for individuals and businesses across the EU/EEA, offering specialized features like child accounts, expense analytics, and fee-free ATM access. Pulse 2.0 interviewed myTU co-founder and CEO Raman Korneu to learn more.
Raman Korneu’s Background
Could you tell me more about your background? Korneu said:
“My background is banking-heavy, to put it lightly. Prior to founding myTU, I spent about 25 years in different roles in establishment finance. I also worked at Ernst & Young and PwC, where I worked in banking and capital markets advisory on 100-plus projects for major institutions like Merrill Lynch Securities and Raiffeisenbank. There was never a moment when banking wasn’t in the picture.”
Formation Of The Company
How did the idea for the company come together? Korneu shared:
“In retrospect, things just came together. I’d left traditional finance for a strategist role at a fintech company focused on consumer lending, and I was about to finish my EMBA at Judge Business School at Cambridge. I had a new perspective on the pain points in the industry, and seeing fintech from the inside convinced me that I could address some of those problems myself. I brought my ideas to an expert software engineer Tomas Navickas. He made me realize that we had a wealth of new technologies at our disposal. If we used them correctly, we could fix banking and make something like myTU work. Long story short, that’s exactly what we did.”
Favorite Memory
What has been your favorite memory working for the company so far? Korneu reflected:
“That is a great question. While there have been many milestones in building myTU, my favorite memory is actually a very recent one: the internal release of AIA, our specialized AI agent.”
“As a founder, you always dream of the moment your internal ecosystem becomes truly “intelligent,” and seeing AIA come to life has been that moment for me. It’s not a chatbot; it’s a data-aware partner to all teams – from AML and Compliance to Sales and Customer Support – that we’ve integrated directly into our core systems. Watching our teams transition from manual data “heavy lifting” to high-level decision-making has been incredibly rewarding.”
“What makes this milestone so special is that AIA represents exactly what we stand for at myTU: using cutting-edge technology to bridge the gap between complex data and the people who need answers fast. We’ve built it to be a ‘fast intern’ that respects all our security protocols and role-based permissions, ensuring that while the AI handles the data, our people still make the final, expert calls. It’s just the beginning, but it’s a massive step toward our goal of working smarter, not harder.”
Core Products
What are the company’s core products and features? Korneu explained:
“Our core product is a holistic and totally independent financial experience. We have an AI-native, cloud-based platform that can support open banking connectivity. We provide everything you’d expect from a digital bank: fully digital onboarding, instant SEPA payments, cards’ issuing and acquiring, expense management, and parent-monitored youth accounts. We offer great exchange rates, rapid transfers, a fully mobile experience, and a robust set of APIs that let businesses tailor custom integrations to their operational needs. We’re not another digital wallet, and many of our individual and business clients use myTU as their primary financial platform.”
Challenges Faced
Have you faced any challenges in your sector of work recently? Korneu acknowledged:
“There’s a profound gap between open banking in theory and in practice, and that’s an ongoing challenge for us. In Europe, there’s very little standardization, making implementation generally fragmented and frustrating. Working across the EU requires constantly adjusting to local nuances. For now, the associated complexity and cost is unavoidable. We’re EMI licensed by the Bank of Lithuania and we operate under EU passporting rules with incredibly high standards around AML, KYC, and data protection. We have to be incredibly vigilant about compliance and security all the time. Integrating with third parties without sacrificing security, user consent, and regulatory integrity is always challenging. It’s also essential to our work.”
Evolution Of The Company’s Technology
How has the company’s technology evolved since launching? Korneu noted:
“I would say our platform technology has expanded more than it has evolved. We built our platform to be open banking ready from day one. We’ve expanded what it can do for our customers, particularly through key partnerships. We joined Mastercard and Visa as a principal member, secured acquiring licenses with both Visa and Mastercard, introduced Google Pay and Apple Pay, and launched SEPA instant payments and SEPA direct debit. The foundation we built is solid, and now our focus is redefining the user experience through borderless connectivity and AI-native banking.”
Significant Milestones
What have been some of the company’s most significant milestones? Korneu cited:
“Securing those principal memberships with Mastercard and Visa last year and acquiring licenses from both networks was a watershed moment for us. It enables our business clients to accept card payments both online and in-store. We’re also just about ready to launch cross-border payment functionality through Visa and Mastercard cross-border payment services. That’s going to be enormous for our money moving capabilities.”
Customer Success Stories
Can you share any specific customer success stories? Korneu highlighted:
“Yeah, definitely – a couple of examples come to mind. One was a fintech lender processing around €65M monthly in real-time payouts. They were at risk of service disruption, which would have had a direct impact on their customers. We stepped in and onboarded them – both technically and legally – in under 24 hours. So the outcome was they maintained full service continuity, with zero impact to end users, and were able to keep processing thousands of loans seamlessly from day one.”
“Another example is from the logistics space. The company was heavily reliant on cash for driver expenses and had pretty slow onboarding and limited control over spending. We integrated our banking and card solution directly into their platform, which allowed them to onboard clients digitally in under 24 hours and introduce real-time expense controls. As a result, they rolled out 10,000 cards right away, removed the need for cash, and gained full visibility over fleet spending.”
“So in both cases, it was really about moving fast, solving an immediate problem, and setting them up to scale long term.”
Funding/Revenue
Are you able to discuss funding and/or revenue metrics? Korneu revealed:
“A portion of our revenue comes from the business itself, but funding is also a critical part of our landscape. We closed an €10M Series A round last spring, taking our value past €35M. We’re aiming to close a Series B before the end of 2026. This would help us more aggressively scale our reach by bringing in new retail and business clients, and increase our regulatory capital as we work to secure our full banking license.”
Total Addressable Market (TAM)
What total addressable market (TAM) size is the company pursuing? Korneu assessed:
“I suppose there isn’t a hard ceiling on our TAM. We’re great for people who want to avoid their local establishment bank for whatever reason, but whoever needs a user-friendly digital bank can use us.”
Differentiation From The Competition
What differentiates the company from its competition? Korneu affirmed:
“Other digital banks can’t match myTU’s range of individual and business services at this level of technological sophistication. At base, we consider myTU less of a bank and more of a living financial ecosystem powered by AI and cloud-first thinking. We’re nimble and designed to evolve as open banking goes mainstream. We’re future-oriented in an incredibly deliberate way and since we’re AI-native, we’re prepared for the rapidly approaching next era of finance. Not every digital bank can say that.”
Future Company Goals
What are some of the company’s future goals? Korneu concluded:
“We’re currently pouring our energies into improving our product suite for businesses and enabling multicurrency cross-border payments for both corporates and consumers. Broadly speaking, we want to be the digital bank of choice for businesses and individuals, especially those with border-crossing financial needs.”
“Of course, automation sits at the core of both what we do today and where we’re heading. We’re actively combining automation with AI to drive greater efficiency, scalability, and operational resilience. It underpins all of our main focus areas – from international money transfers and corporate card programs to a full range of payment services for businesses and individual customers. This approach allows us to scale effectively, strengthen risk management, and maintain cost efficiency, while continuously refining and expanding our automation capabilities.”
“Looking ahead, a key milestone for us is obtaining a banking license. This would allow us to accept deposits and significantly broaden our lending offering. Our long-term ambition is to build a comprehensive financial ecosystem that meets all of our customers’ needs, wherever they operate globally. A banking license would be a critical step in enabling that vision and supporting scalable cross-border growth.”
