Tesonet's CIO Eglė Eidimtaitė joins PayPal's Customer Advisory Board

Company Overview - Tesonet, founded in 2008 by Tomas Okmanas and Eimantas Sabaliauskas, has grown into one of the largest business accelerators and investors in the Baltic States [1] - The company houses globally recognized companies such as Nord Security, Surfshark, Oxylabs, and Hostinger [1] - Tesonet supports, funds, and scales businesses globally with over 3,300 in-house talents and a fully developed infrastructure [5] - Since 2018, Tesonet has invested in successful ventures like CAST AI, Eneba, BC Žalgiris, Šiaulių bankas, Turing College, Zapp, BC London Lions, and PartiQlar [5] Leadership and Strategic Focus - Eglė Eidimtaitė, Head of Investment at Tesonet, is responsible for shaping the company's strategic orientation [4] - She serves on the Board of Practica Capital, an early-stage venture capital firm supporting creators from the Baltics [4] - Eglė Eidimtaitė is focused on four key areas: companies established by Tesonet, startups with strategic investments, startups with minority venture capital interest, and investment funds [11] Industry Impact and Partnerships - Eglė Eidimtaitė has become the first Lithuanian to join PayPal's Customer Advisory Board, which includes representatives from globally renowned enterprises like Booking, LVMH, Spotify, Adidas, and HelloFresh [2][9] - The Customer Advisory Board facilitates the development of personalized solutions, upgrades products, and improves customer experience [2] - Having a representative on PayPal's Customer Advisory Board brings new opportunities for Tesonet and its ecosystem companies to develop global solutions and deploy innovations [6] - The board's structure includes regional and global forums, with a rotating composition every 18–24 months to ensure a comprehensive and fresh perspective [7] Strategic Benefits - The direct connection with PayPal will help Tesonet meet its needs faster, implement new solutions, and make optimal use of PayPal's technologies [3] - This partnership opens the door for stronger collaborations, smoother process management, and faster growth for Tesonet's portfolio companies [3] - PayPal's Customer Advisory Board, led by Dr Tiffany Knight Raymond, advises companies on ecommerce strategy and ensures innovation and responsiveness to market needs [10]