extends sponsorship with Rytas Vilnius for two more seasons

2023 09 05 10:00, the silver sponsor of the Vilniaus Rytas basketball team since 2021, is excited to announce the extension of the sponsorship for the upcoming 2023/24 and 2024/25 seasons. 

For two consecutive years, the leading Lithuanian neobank has been dedicated to inspiring a new generation of basketball enthusiasts and promoting a healthy lifestyle.

Sergiy Barybin, CEO of, expressed his appreciation for the partnership with Rytas, stating: "We want to extend our gratitude to Darius Gudelis and Jaroslav Latušinskij for the unforgettable emotions and Rytas' victory in the Lithuanian Basketball League in 2022. Through our collaboration, we've successfully undertaken several joint projects that went beyond the terms of our contract. With many shared ideas and a shared vision, we're pleased to renew the partnership for another two years. Fans can expect more surprises to come."

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J. Latušinskij and S. Barybin

When discussing the choice of Satchel as a partner, Jaroslav Latušinskij, Director of  BC Rytas, mentioned: "Loyal and longstanding partners serve as the foundation for elevating our organization to new heights. It's truly heartening when collaboration extends beyond mere financial support, encompassing joint initiatives and even social endeavours. We firmly believe that such partnerships bring benefits not only to our business but also to society as a whole."

Furthermore, Sergiy Barybin emphasized the importance of such partnerships by adding: "I encourage other socially conscious Lithuanian and international companies doing business in this country to join us! Investing in sports is likely one of the most impactful ways to contribute to building a healthier society."

Established in 2018, is one of the fastest-growing European EMI companies based in Lithuania. Satchel offers secure, user-friendly financial tools for digital banking, including international money transfers, fintech consulting, BaaS, SaaS, currency exchange, and card services. Satchel is the first Lithuanian EMI to achieve principal membership status with Mastercard Europe for card issuance.