4 FINANCE

One of Europe’s largest online and mobile consumer lending groups. Since 2008 have lent over EUR 3bn.

Lending

ALPHA FINANCE

Digital consumer finance and P2P lender active in Latvia, Georgia, Poland and Asia.

Crowd/P2P

ALPARI

Global FX broker with back office in Riga.

Capital Markets

ALTERO

Loan comparison tool for consumer credit and car leasing. Plans to expand to real estate segment and new countries.

Lending

BANKNOTE

Online consumer lender.

Lending

BILDERLINGS PAY

Payment solutions ranging from cards to e-invoicing.

Payments

BINO.LV

Online consumer lender.

Lending

BITFURY

Blockchain specialists supporting transaction processing, property rights registry, analytics and Platform-as-a-Service.

Blockchain

BLOCKVIS

Blockchain and Cryptocurrency advisory and programming

Crypto, Blockchain

COINFIDE

Payment specialists offering eWallets, invoicing and payment solutions for SME’s and a full service offer for Merchants.

Payments

CRASSULA

Agile infrastructure for creating payments solutions.

Payments

CREAM FINANCE

Digital consumer finance firm active across Europe.

Lending

CREDITINFO GROUP

Icelandic owned credit data and solution provider with sizeable ops in Latvia.

Credit Scoring

CREDIUM

Digital consumer finance firm active in Georgia.

Lending

C.T. Co

IT solutions and services provider with multiple FS sector projects.

Customised

DECTA

Payment processing and card issuing solutions for Banks, Corporates, P2P and other payment service providers.

Payments

DELTA CAPITAL

Online consumer lender operating under KREDITS7 amd KREDITS 365 brands.

Lending

DIGIPULSE

Digital wallet provider with Cryptocurrency capability.

Crypto

DUKASCOPY

Global FX, Banking and Investment

Capital Markets

ECOMCHARGE

Developer, supplier and system integrator for payment service providers and e-commerce.

Payments

ECOMMPAY

Payments specialist offering acquiring and settlement services for e-commerce, e-wallets, cards, mobile payments, etc. h

Payments

ESCROWN

Online Escrow service including secure funds deposit, payments and post settlement warranty.

Other

FACTSET

Global data and software provider fwith back office operation in Riga.

Data

FACTURY

Blockchain solution supporting secondary market trading of bank loans, smart invoice payment and settlement, etc.

Blockchain

FINABAY

Digital consumer finance firm active across Europe. Investor in Twino.

Lending

FINANCE FLOW

Financial management and prediction for businesses.

F&A

FINANZA

Online consumer lender.

Lending

FLEXIDEA

Start-up offering online invoice financing.

Lending

FOREX TEAM

Real-time FX trading and strategies for retail clients.

Capital Markets

FUNDERFUL

Online P2P fundraising for academic institutions. Acquired by Ruffalo Noel Levitz in Feb 2019.

EXIT

GLOBITEX

ICO funded exchange for trading of FX, Commodity and Cryptocurrency

Capital Markets, Crypto

GRANDMA

Online financial management solution offering alternative to Excel for management of corporate and project finances.

F&A

GRAND CREDIT

Online consumer lender.

Lending

GREEN CREDIT

Online consumer lender.

Lending

GRUPEER

Platform offering investments in P2P and real estate loans

Crowd/P2P

HIPOCREDIT

Online consumer lender.

Lending

IBANPAY

B2B and B2C e-wallet, e-payments processing and reconciliation solution provider.

Payments

INBUDGET

Personal financial management application including budget planning, spend analytics and social syncing.

Other

JEFF APP

Start-up offering P2P loan and other financial services matching services in Asia.

P2P

KLIX APP

Start-up offering payment solutions for e-commerce, retailers and consumers.

Payments

MEA WALLET

Subsidiary of Norwegian payments and wallets specialist.

Payments

MINTOS

P2P marketplace where investors can invest in personal and corporate loans, primary and secondary markets.

Crowd/P2P

MOBILLY

Mobile phone based payments.

Payments

MOGO

Digital car finance firm active in the Baltics and Georgia, with Poland and other markets planned.

Crowd/P2P

MONEA

Send or receive payments within minutes using phone book contacts.

Payments

MONETHA

E-commerce payment provider funded by ICO.

Payments

NOMO

Digital consumer good leasing provider offering flexible payment and ownership options.

Lending

NORDCARD

Credit and payment card provider.

Cards

NORDIC FINANCE

Online consumer lender operating under Atrais Kredits and Iespeju Kredits brands.

Lending

NORDIGEN

Help lenders accelerate client applications by automating back statement screening, data categorisation and analysis.

Credit Scpring

NOTAKEY

Data security solution that allows remote authorisation of sensitive operations such as log-in, approval and payments.

Other

ONDO

Online consumer lender.

Lending

OPEN CREDIT

Online consumer lender operating under Open Credit and Moneza brands.

Lending

PAYBIS

Cryptocurrency exchange business with offices in Latvia and UK.

Crypto

PAYDOO

Payment services provider

Payments

PAYMENT NINJA

Processes payments and helps merchants sell more by analysing client profiles using Big Data and re-marketing.

Payments

PEERBERRY

Marketplace offering investments in consumer loans with a buy-back guarantee. Part of Aventus Group active across CEE region.

Crowd/P2P

RIDDLE SENSE

Big Data analaytics to improve client analysis and predictions.

Credit Scoring

RIETUMU BANK

In addition to traditional banking, Rietumu also invest in FinTech’s and run the Rietumu Fintech Challenge.

Banking

ROBOCASH

Automated platform to invest in consumer loans in 8 countries in Europe and Asia

Crowd/P2P

SAPIENS

Israeli InsureTech specialist who purchase Knowledge Price.

Insurance

SOLUT

Digital bank specialising in SME lending, with applications turned around in under 5hrs.

Lending

STREAMPAY

IPSP offering payment solutions for e-commerce including card personalisation, acquiring and processing.

Cards

SWAPER

Marketplace offering investments in prefunded consumer loans originated by Wandoo Finance Group in Georgia, Poland, Spain, Denmark and Russia.

Lending

SWIPE

Corporate financial management including invoicing, recurring payments and customised payments.

F&A

TRANSACT PRO

Licensed provider of payment card issuing, acquiring and online payment acceptance tailored services.

Cards

TWINO

P2P marketplace where investors can invest in consumer loans. Buyback guarantee on delinquent loans.

Crowd/P2P

UX DESIGN AGENCY

Design agency delivering user experience solutions for online financial services.

Other

VIAINVEST

P2P marketplace active in Latvia, Czech and Spain. Loans originated by parent Via SMS Group with buyback guarantee.

Crowd/P2P

VIA SMS GROUP

Digital consumer finance firm active in Latvia, Lithuania, Czech, Poland, Spain and Sweden.

Lending

VIVENTOR

P2P marketplace offering investment in consumer loans and real estate mortgages with buyback guarantee.

Crowd/P2P

VIVUS.LV

Online consumer lender operating with Vivus and Kimbi brands.

Lending

WANDOO

Digital consumer finance firm active in Georgia.

Lending

VIZIA

Online consumer lender.

Lending

WESTSTEIN CARDS

Card solutions including corporate travel, pre-paid cards for the underbanked, etc.

Cards

X INFOTECH

Global provider and integrator of software for electronic identity documents and payment cards.

Identity

ZEN FINTECH

Analytics, market monitoring, auto investing and marketplace integration for investors and P2P operators.

Crowd/P2P

< tracking >

Iconiqlab, Ioris, Lahdes, CryptoPolice.com, Alpha Visum

- notes -

List is updated on a periodic basis, last update 04.04.2020. List contains FinTechs which have Latvian operations, management or shareholders thus some may be active outside the country. This is a fast changing segment with high birth rate, failures and foreign investment, as such this list is indicative only.