Best Financial Services Companies in Latvia
The 114 best Financial Services companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Eleving.
Ranked by disclosed equity funding and recent momentum, the Financial Services companies in Latvia that matter most are concentrated in a surprisingly tight capital stack: 114 tracked firms, $45M in total disclosed funding, zero unicorns. Eleving leads at $26M raised, Balta follows at $10M, and Industra Bank at $8M. So the top three alone account for nearly all the disclosed capital in the directory. The global sector they're operating in is forecast to reach $88.7B by 2030 at a 9.9% CAGR, and mobile adoption is moving fast: median install growth across financial services apps is running at roughly +23% YoY across more than 2,200 tracked apps. That's not noise. That's structural.
What's worth watching in Latvia specifically? Regulatory compliance pressure is real, and licence revocations elsewhere signal how seriously regulators are moving on compliance gaps. Investors like EBRD and IFU don't write cheques casually, and their presence in this market tells you something about where patient, institutional capital sees durable returns. I'd note that several top names, including SEB, Banka Citadele, and DelfinGroup, report zero disclosed funding, meaning the balance-sheet story here runs deeper than the funding table alone can capture.
Ranked: Best Financial Services companies in Latvia
| # | Company | Disclosed funding | Revenue | Net margin | Employees | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | DelfinGroup Provider of consumer loans | — | $55M FY2024 | — | 324 | 2009 | Apple iCloud MailMicrosoft 365PHP+18 | 1 job opening |
| 2 | SEB Commercial Bank | — | $26M FY2024 | — | 19 | 1993 | DrupalApple iCloud MailPHP+9 | 1 partnership |
| 3 | Eleving Online platform for car and motorcycle financing | $26M | $9M FY2024 | — | 2,600 | 2012 | WordPressMySQLPHP+17 | 1 job opening |
| 4 | Gelvorasergel GelvoraSergel is a credit management firm that specializes in offering debt collection and judicial and… | — | $8M FY2023 | +25% | 93 | — | WordPressMySQLPHP+16 | — |
| 5 | CBL Asset Management Provider of asset management services and hedge fund focused on multiple strategies | — | $7M FY2016 | — | 54 | 2002 | RubyRuby on RailsNginx+5 | — |
| 6 | Banka Citadele Commercial bank | — | $5M FY2024 | — | 4 | 2010 | October CMSApple iCloud MailPHP+10 | — |
| 7 | AvaFin Provider of personal loan services | — | $5M FY2022 | -6% | 39 | 2012 | WordPress Block EditorWordPressMySQL+15 | — |
| 8 | Almontmichigan | — | $3M FY2023 | +9% | 17 | — | WordPressMySQLPHP+20 | — |
| 9 | Fintecor | — | $3M FY2023 | +37% | 20 | — | — | — |
| 10 | AG Capital CFO Services Provider of professional financial modeling templates and business valuation services for companies seeking… | — | $1M FY2024 | — | 5 | 2011 | WordPressMySQLPHP+23 | — |
| 11 | CBB Provider of business consulting services including accounting, finance, and tax solutions | — | $1M FY2023 | +28% | 24 | — | — | — |
| 12 | Colemontfkb | — | $1M FY2022 | +10% | 22 | — | — | — |
| 13 | AI Konsultasijus birojs Provider of accounting and tax consultancy services with a focus on compliance and financial audits | — | $579K FY2024 | — | 8 | 2013 | WordPressMySQLPHP+23 | — |
| 14 | Avenirfinancial | — | $540K FY2023 | +23% | 1 | — | Apple iCloud MailMicrosoft 365YouTube+22 | — |
| 15 | Ciparvedis Accounting services company providing bookkeeping, financial management, and business consulting solutions to… | — | $520K FY2023 | +0% | 29 | 2007 | — | — |
| 16 | Industra Bank Commercial bank | $8M | $517K FY2023 | -119% | 10 | 1994 | PHPSlickjQuery+4 | 1 partnership · 1 expansion |
| 17 | Aksioma24 Provider of agricultural loans for farmers | — | $346K FY2022 | +38% | 4 | — | — | — |
| 18 | Auditorfirma PADOMS Auditing firm providing independent audit, tax, and accounting services to various clients | — | $336K FY2023 | +17% | 8 | 2024 | — | — |
| 19 | Agagroupllc AGA Group specializes in Small Bookkeeping, Business and Individual Tax Preparation, & CPA services by… | — | $312K FY2023 | +19% | 8 | — | — | — |
| 20 | Fmradvisory | — | $287K FY2022 | +61% | 2 | — | — | — |
Top 7 Financial Services companies in Latvia
#1
Public · Riga, Riga · founded 2012 · 2600 employees$26.3Mraised▾
Online platform for car and motorcycle financing. It offers motorcycle taxi loans, car title loans, rent-to-buy auto loans, and more. It also provides an auto leasing solution that enables users to purchase cars and pay in monthly installments.
#2
Series A · Riga, Riga · founded 1994 · 10 employees$8Mraised▾
Operator of a credit institution intended to provide loans to small and medium enterprises. The company's platform provides entrepreneurs and individuals with favorable funding terms for purchasing the bank's real estate and also provides a POS terminal to allow customers to accept card payments regardless of location, enabling corporations to get access to financial services in a simplified way.
#3
Acquired · Riga, Riga · founded 1992 · 501 employees$10.4Mraised▾
P&C insurance carrier
#4
Funding Raised · Katlakalns, Ķekava Municipality · founded 1993 · 19 employees—raised▾
Commercial Bank
#5
Funding Raised · Riga, Riga · founded 2009 · 324 employees—raised▾
Provider of consumer loans
#6
Funding Raised · Riga, Riga · founded 2010 · 4 employees—raised▾
Commercial bank
#7
Funding Raised · Latvia · 1 employees—raised▾
At AGFinancial, we offer mission-driven financial services for faith-minded people like you who care about a higher calling while growing their bottom…
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Financial Services coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.