This article showcases our top picks for the best Latvia based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Latvia Fintech (Financial Technology) Companies
Mintos offers an online marketplace for investing in loans and allows people to invest in loans and start earning passive income. By rethinking how money flows across borders from those who want to save and invest to those who want to borrow, Mintos is revolutionizing financial services and contributing to financial inclusion on a global scale.
It was founded in 2014 and headquartered in Riga, Latvia.. .
Established in 2008, 4finance is the largest and fastest growing online and mobile consumer lending group in Europe with operations in 16 countries. Putting innovative data-driven analysis into all aspects of the business, 4finance has grown rapidly, issuing over EUR 5.0 billion to date in single payment loans, instalment loans and lines of credit.
4finance operates through a portfolio of market leading brands with strong regional presence including Vivus, SMSCredit and Zaplo. A responsible lender, offering simple, convenient and transparent products and service, 4finance is meeting growing customer demand from those under-served by conventional lending.
4finance has group offices in Riga (Latvia), London (UK) and Miami (USA), and currently operates Argentina, Armenia, Bulgaria, the Czech Republic, Denmark, the Dominican Republic, Finland, Georgia, Latvia, Lithuania, Mexico, Poland, Romania, Slovakia, Spain and Sweden. The group also provides consumer and SME lending through TBI Bank, its EU licensed banking operations in Bulgaria and Romania..
Monify is number one fintech player in SME-lending. Monify lends up to 100’000 EUR to SMEs.
Credit decision, agreement signing and customer support is done automatically by in-house built robot. In 2 years Monify has helped over 600 customers with total volume lent of 12 million EUR..
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff’s mission is to help the unbanked to access financial services.
In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score.
The company was founded in 2019 and is located in Riga, Latvia.. .
Digipulse aims to ensure that all digital asset holders and crypto wallet users have ultimate control over who receives their digital and crypto assets. Co-founder and CTO of Digipulse, Dmitry first saw the potential for DigiPulse when he encountered health issues and realized that, if he were to pass away, his family would be unable to access his digital wallet.
His cryptocurrency assets would be effectively lost. DigiPulse solves this issue by allowing its users to store and encrypt information in a decentralized manner.
The service empowers customers to safely secure and pass on their digital assets to those they care about when they pass away. These assets can include cryptocurrencies, digital images, and other documents..
GRANDMA is projects’ finance data management software for small and medium size B2B companies. There’s hardly a viable offering out there for B2B service-oriented 20-50 employees big SME’s to manage project finances.
Companies under 20 employees can manage the chaos with plethora of affordable solutions; companies over 50 can afford more sophisticated solutions. The amount of financial data generated by companies with 20-50 employees can pile up so big that to do viable finance analysis and control, the data needs to be up-to-date and robustly structured right at the point of data entry.
Their answer to the problem – a SaaS for accurate finance data entry, structuring and management; and two-way synchronisation with your accountancy software.. .
Zelf is a neobank targeting Gen Z to bring financial services to where they live – in messengers. This is the lightest bank with the easiest onboarding process taking up to 60 sec to issue a card, receive and send money without leaving the messenger.
We are uniquely offering AI-powered voice control over the most of financial operations, which makes us first voice-enabled banking for Gen Z who prefers voice interactions with their devices.. .
Sun Finance Group
The hottest online lending platform: – we have proven excellent growth results from day one – we are rapidly expanding geographically by adding new markets to our business – we are continuously expanding our product range to meet the needs of our 4million+ customer base. Sun Finance is a true A-player when it comes to modern financial services.
But we wouldn’t be so successful without having the top professionals in the industry behind the wheel of Sun Finance. Together we are reaching new highs month by month.
Together we are Sun Finance – your smartest choice.. .
Viventor is a peer-to-peer lending marketplace that connects non bank lenders from the one side, and investors all across Europe from the other side. Lending companies independently select their borrowers, issue loans, and offer these loans on Viventor.
Further on, investors can select from the pool of loans listed, and invest in ones meeting their requirements. Viventor’s business model provides access to “crowd capital” for the lenders, and makes secure investing simple and accessible for investors!.
Just imagine if your bank became your lifestyle and financial emotive assistant in a mobile banking app. This is what TheWaay does.
Providing a behavioral predictive solution for banks to deliver personalized stream of mixed lifestyle and financial advice, it boosts card transactions and daily engagement in the mobile banking app. The behavioral personalization and thousands of ready to use pieces of advice have allowed TheWaay to become a number one solution for banks that understand being solely a financial advisor is an outdated role for banks.
The next big thing is having your bank as a Lifestyle Assistant. Founded in 2016, the company based in London, UK..
Commercialization Reactor is an international technology commercialization platform that features deep-tech startup creation, acceleration and funding. We bring together world class scientific teams with entrepreneurs and startups with industry.
We have made 90+ teams and done 13 acceleration programs since 2009. Startups that have science behind their tech and team with both – scientists and entrepreneurs, are welcome to apply for a 6-month acceleration program with up to 300 000 EUR investment available per team.
The priority of the program is customer development with focus on IP strategy, team alignment, market fit and lead generation.. .
Latvian Private Equity and Venture Capital Association
To promote the development of venture capital sector in Latvia, six biggest companies that operate in venture capital sector in Latvia – “Baltcap Management Latvia”, “EKO Investors”, “Hanseatic Capital Latvia”, “NCH Advisors INC”, “Norvēģijas-Latvijas uzņēmējdarbības attīstības fonds” and “Small Enterprise Assistance Funds”, as well as “Latvian Development Agency” have founded public organization “Latvian private equity and venture capital association” (LVCA). Investing funds in an enterprise venture capital fund becomes its co-owner, thus taking a part of commercial venture, but also anticipating bigger rate of return for an elevated venture.
Fund as well as other owners is directly interested in company’s increase in value. Company’s owners and management, who choose this kind of financing, in addition to financial investment also receive venture capital fund’s experience, knowledge and contacts, thus promoting success..
UX Design Agency
UXDA is a leading financial-only UX design agency for Fintech and banking from Europe. UX Design Agency is using Design Thinking approach and UX methods to deliver user-centered interface design to banking software TOP10 vendors from Forrester list, as well as for dozens of banks and Fintech startups.
UXDA cutting-edge financial design solutions are intended for millions of customers of digital services all over the world. UXDA is awarded as Best Outsourcing Product/Service by Banking Technology, included in the TOP3 Innovative Banking providers in Europe according to European Fintech Awards 2016 and in the TOP15 user experience agencies worldwide according to Clutch Research.
UXDA is experienced in digital banking, Fintech, payments, trading, lending and bitcoins providing worldwide solutions for financial services operating in Silicon Valley, New York, Los Angeles, Boston, Tel Aviv, London, Chicago, Seattle, Berlin, Singapore, Paris, Moscow, Amsterdam, Stockholm, San Francisco, Tokyo, etc. Agency service includes usability/business/customers research, information architecting, ux strategy, ux consulting, ux architecting, user journey mapping, web ui design, mobile ui app design, tablet ui design, wearable ui design, ui prototyping, testing..
VertexSMS helps financial industry partners with GDPR, client retention, delivering secure transactional SMS and exploiting communication channels using proven practices. At the same time we innovate and improve services and communications through traction tested channels: SMS, IM apps (Viber, Facebook Messenger, Whatsapp) and even e-mail.
We strive for best results for our customers with a prime focus placed on messaging security and transparency (ISO 27001 certified).. .
CFOTemplates.Com – AG Capital
CFOTemplates.com is owned and operated by AG Capital. Our company’s primary goal is to help our customers solve all their finance related problems.
Our primary services are: financial planning (budgets and analysis, profitability calculations, results analysis and presentation of enterprise monthly performance), raising secured funding and selection of banking services. In creating very complex and powerful Excel tools for our clients we realized that many businesses need tools like this but may be unable to budget for a CFO.
So we are making many of these finance tools available now for everyone to use and to customize. We are a group of highly trained and skilled finance professionals.
We have been creating financial models for our clients for the past 10 years. So many people asked us to provide them with Excel spreadsheets that we decided to make them available to everyone at very reasonable prices.
We are based in the European country of Latvia on the Baltic Sea. Due to the low cost of living here we are able to offer our services at lower prices than most comparable companies.
AG Capital is a financial services and advisory firm providing Chief Financial Officer services to small and medium sized enterprises throughout North America and Europe. We specialize in working with companies that do not have their own CFO or who have specific problems that require the expertise of a highly trained financial specialist.
You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.