Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

10 promising fintech startups shaping up tech landscape in Latvia in 2020

Editorial team by Editorial team
February 4, 2020
in News, FinTech, Startups
10 promising fintech startups shaping up tech landscape in Latvia in 2020
248
SHARES
LinkedInTwitterWhatsAppFacebook

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.

- Partner content -
EIT Digital
EIT Digital Challenge 2022 is here!
Calling all European deep-tech scaleups for EIT Digital Challenge 2022Show More
Calling all European deep-tech scaleups for EIT Digital Challenge 2022 Show Less
Read more
Picture credits: Mintos

Mintos

Founders: Martins Sulte, Martins Valters
Funding: €8 million
Founded year: 2014

Why its hot: Mintos is a global online marketplace for loans. The startup lets investors from across the world with loans originated by a slew of international and Mintos-authenticated alternative lending companies stay connected. It provides a unique service that makes investing easy, transparent, and accessible. Since its debut, Mintos has become one of the world’s largest one-of-its-sort marketplaces.

Picture credits: Nordigen

Nordigen

Founders: Roberts Bernans, Rolands Mesters
Funding: €980k
Founded year: 2016

Why its hot: Nordigen is a global account data analytics provider that helps banks, fintechs, and lenders leverage open banking by extracting actionable insights directly from raw account data. Nordigen operates with the mission to enable greater financial transparency and global adoption of open banking. In addition to Riga, this fintech startup also has an office in Madrid.

Picture credits: VIALET

VIALET

CEO: Artjoms Grivkovs
Founded year: 2017

Why its hot: Debuted as a response to the constantly evolving requirements of the current generation, VIALET provides users with the financial service management tool that they always deserve. Without any unnecessary bank visits, you will be able to experience your complete power with this startup. It lets you be in charge of your finances. You can manage your own VIALET Mastercard, open an account, manage finances, and transfer funds at anywhere and anytime.

Picture credits: Notakey

Notakey

Founders: Gints Kirsteins, Jaanis Graubins, Jānis Kiršteins
Funding: €100k
Founded year: 2016

Why its hot: Notakey is a modern identity and access management company. It provides a suite of products right from video identification for user authentication and transaction or document signing. As of now, Notakey is used by some leading healthcare, telecommunications, fintech, and IT companies.

Picture credits: Paydoo

Paydoo

Founder: Sam Kohli
Founded year: 2013

Why its hot: Paydoo provides payment processing and acquiring services to merchants and fintech players across Europe. It has progressed into a leading and reliable Payment Service Provider. Paydoo is built on the basis of collaboration, innovation, community, and trust and believes in the importance of all stages of the journey. Right now, the company has offices in Riga, Vilnius, Connecticut, and New York.

Picture credits: GRANDMA

GRANDMA

Founders: Aivars Slokenbergs, Rihards Rucevics, Karlis Gedrovics, Mārtiņš Zemīti
Funding: €210k
Founded year: 2010

Why its hot: GRANDMA provides easy and reliable project and invoice management. It allows project managers to do their job and reduce the time spent on managing estimates and invoices in Excel. It is an effective alternative to Excel as it can be used for quoting, financial reports, invoicing, and cashflow planning.

Picture credits: LOVAT

LOVAT

Founder: Olga Maximova
Founded year: 2018

Why its hot: LOVAT is a tax compliance platform that lets digital companies selling across the world provide a one-stop solution for VAT calculation, payment, and reporting in 57 countries. LOVAT’s prices are estimated in the shop depending on gross prices including VAT. The base cost is somewhere different for each other due to VAT.

Picture credits: Mobilly

Mobilly

Founder: Janis Berg
Funding: €1.1 million
Founded year: 2006

Why its hot: Mobilly aims to create a billing system that lets mobile phone users make and receive payments with their phones. Mobilly has created the most convenient and user-friendly mobile billing system, etc. You just have to use the app and pay for parking, taxi services, entry fees, mail, train, and bus tickets, etc. It lets companies collaborate so that they take advantage of this service.

Picture credits: doFinance

doFinance

Founders: Ingars Zagorskis, Janis Kulikovskis, Viesturs Kulikovskis
Funding: €2 million
Founded year: 2016

Why its hot: doFinance is a fast-growing and innovative global fintech startup in online investment management. It is dedicated to building the most technology-advanced platform for smart and easy investing. It is a peer-to-peer lending service by Alfa Finance. It is involved in sectors such as P2P investment platform services and consumer loans. It has successfully expanded from Latvia to Georgia, Poland, and Indonesia.

Picture credits: Monea

Monea

Founders: Martins Kalnins, Ģirts Kalniņš
Funding: €1.2 million
Founded year: 2013

Why its hot: Monea is a P2P micro payment app compatible with both Android and iOS platforms. It provides money transfers to all the contacts in your phonebook directly from your bank account in just a minute. What’s more convenient is that this startup does not require users to input any bank credentials of the recipient.

Main image picture credits: Mintos

Stay tuned to Silicon Canals for more European technology news.

 - Partner content -
How cybersecurity scaleup Intigriti conquered the world?
How cybersecurity scaleup Intigriti conquered the world?
Catch our interview with Paul Down, Head of Sales at Intigriti.
Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less
Read more
Tags: featuredFinTechstartups
Share14Tweet52SendShare124

Partner content | Work with us

Tokenisation is the future of the financial services industry, and Luxembourg’s Tokeny is at the helm of this change

Copilot for growers: Source.ag’s Rien Kamman explains how it helps growers increase their fresh produce with AI

Waste problem is complex, but Seenons has a solution: CEO and co-founder Joost Kamermans explains the plan

Want to scale your business in Germany and Europe? Here’s how the Scaleup Landing Pad Hamburg can help

Is your deep tech scaleup aiming high? The EIT Digital Challenge 2022 can get you there

Silicon Canals | Jobs


Breaking news from Amsterdam | Partner

Amsterdam-based CarbonCancel, a company that helped offset carbon footprint, shuts shop: Know more

Accenture acquires Amsterdam-based Sentia’s business in three countries: Know more

Amsterdam’s Flow Traders announces dedicated corporate VC unit with €50M initial commitment

Amsterdam’s Just Eat Takeaway pilots grocery delivery service through its own dark store in Berlin

Advertisement

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2022 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact

Silicon Canals 2014-2022 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Silicon Canals
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Statistics

Marketing

Features
Always active

Always active
Manage options Manage services Manage vendors Read more about these purposes
Manage options
{title} {title} {title}
X
X