Latvia is emerging to be a rapidly growing tech startup ecosystem thanks to the access to high-speed internet, highly talented labour pool, a multilingual population, and the presence of various government-backed programs that attract entrepreneurs. Back in 2017, the Latvian government a startup visa for entrepreneurs visiting the country along with €15 million accelerator fund for seed and pre-seed investments.
Riga, the capital of Latvia has aligned itself with international fintech operations. Eventually, the country has become a growing centre for fintech startups, especially in categories such as crowdfunding, P2P, and consumer finance. In 2018, Latvia hosted an international discussion between the industry experts in the Baltics and overall EU on the future of fintech. Going on the same lines, here are some notable Latvian fintech startups that seem to contribute to the growth of this sector further in 2020.