The digital technology company Metasite, which develops IT solutions for global financial sector clients, reported revenue of €7.5 million in 2023 – a 32% increase from 2022 when Metasite earned €5.7 million.
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According to Metasite’s CEO Aurelijus Norkūnas, the company's growth was fuelled by the increasing needs of global financial sector players. The United Kingdom remains Metasite’s largest market, accounting for 84% of its revenue last year from clients in the UK’s financial and insurance sectors.
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“In 2023, Metasite’s major clients continued multi-year projects, relying on external partners with top-level expertise and experience for digital product development. Digital transformation will remain important for financial sector companies this year, so given the market trends, we see opportunities to continue expanding projects with major global financial sector players,” said Norkūnas.

Metasite's Chief Technology Officer, Giedrius Vėgelė, noted that while leading players in the financial sector are currently focused on new artificial intelligence (AI) technologies, they also understand that AI can achieve desired outcomes only when using clean, high-quality data. As a result, designing and implementing data platforms in the Azure and AWS clouds for global financial companies was one of Metasite's fastest-growing areas last year, and this trend is expected to continue in 2024.
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“As banks, investment, and insurance companies manage their data, they open up new opportunities to improve digital channel expansion, support, security, and automation. These are other areas where Metasite has extensive expertise,” Vėgelė added.

Metasite provides digital product development and specialised IT system modernisation services to banks, payment institutions, insurance companies, investment managers, and other financial sector companies. Established in 1997, Metasite initially worked primarily with Baltic banks, insurance, and telecommunications companies. However, in the past decade, the company has successfully pivoted to creating specialised digital solutions for global financial and insurance sector giants not only in the UK but also in Switzerland, the United States, and other countries.

Metasite’s clients include Man Group, Vontobel Asset Management, Equiniti, British Land, Solum Financial, and others. The total market capitalisation of the companies Metasite served in 2023 reached $107 billion.

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