Hive Finance Group announces a shareholder change – Ricardas Vandzinskas has sold his shares in the company to Ruptela Group, a well-established international business. Following the transaction, Ricardas Vandzinskas has fully exited Hive Finance Group and no longer holds any role or affiliation with the company. As a result, Ruptela Group now holds 35% of Hive Finance. The remaining 65% of shares are held by the main shareholder, Andrius Rupšys, who continues to lead the company’s strategic direction.
Confidence for the Future
Ruptela Group is a trusted and globally recognised business group. Founded in 2007, Ruptela is a telematics company specialising in GPS tracking technologies. It develops its hardware and software in-house and serves clients in over 120 countries across Europe, Asia, the Middle East, Africa, North America, and Latin America.
With a team of more than 250 skilled professionals, Ruptela Group has built a strong reputation for quality, scalability, and innovation. It owns these companies:
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Ruptela Transport Telematics - GPS device developer
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LINQO – GPS tracking solutions provider
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Hive Finance Group (including Hive5 marketplace, Ekspres Pozycka, Credilink, Finjet) – now the latest additions to the group
“Being part of Ruptela Group connects us to a strong international network and decades of technology leadership,” says Andrius Rupšys, the main shareholder of both Hive Finance and Ruptela Group. “It positions us to scale faster and deliver even more value to our investors and clients.”
Continuity and Focus on Governance
The platform and its processes remain unchanged – your accounts continue to operate as always. Earlier this year, we shared that Hive Finance Group would focus on strengthening corporate governance, increasing transparency, and improving risk management. This ownership update further supports that direction.
This ownership consolidation marks the beginning of a new chapter for Hive Finance Group, built on accountability, transparency, and responsible growth. Joining Ruptela Group provides a stronger organisational framework, access to the expertise of an established international technology group, and opens new opportunities for innovation, data-driven decision-making, and sustainable international expansion.
