Barclays will open a space for startups in downtown of the Lithuanian capital in July.

The UK bank has similar Rise co-working spaces also in London, Manchester, New York and Cape Town.

“We see it as an opportunity to embrace and to discover innovation that disrupts our business models,” said Mariano Andrara Gonzalez, the Head of Barclays’ Global HR Service Centre in Vilnius.

“It is also an opportunity to implement these ideas faster whilst bearing in mind how they can be adapted by Barclays or other companies,“ Gonzales said.