Best FinTech Companies in Latvia
The 105 best FinTech companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Mintos.
Latvia's FinTech scene doesn't make headlines the way London or Stockholm does, but $65M in disclosed funding across 105 tracked companies tells you there's real capital at work here. This directory ranks the best FinTech companies in Latvia by equity funding and recent funding momentum, and the concentration at the top is sharp. Mintos leads at $28M, Eleving sits at $26M, and those two alone account for nearly 83% of the total disclosed pool. Jeff App follows at $5M, Nordigen at $3M, the rest trail off fast. The global FinTech market is forecast to grow from roughly $113.4B in 2025 to $461.6B by 2034 at a 17.21% CAGR, driven by digital banking innovation and OEM-Pay adoption, and Latvia's builders are clearly angling for a slice of that expansion.
So what's actually shaping the local stack? Regulatory friction is real: PSD2's SCA requirement creates compliance overhead that smaller filers feel more than the top two. I'd note that active investors like Startup Wise Guys, Callidus Capital, and Trind VC are leaning into next-gen banking platforms and cloud-based banking, which tracks with where global deal flow is thickening. Consolidation pressure from fintech acquisition moves elsewhere signals the same pattern you're seeing here: scale or get absorbed. No unicorns yet, but the funding architecture is tightening around a handful of names worth watching closely.
- Statista
Our analysis of 1,006 FinTech companies
$195.5b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best FinTech companies in Latvia
| # | Company | Revenue | Disclosed funding | Last round | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | 4Finance Online unsecured personal loans' direct lender | $52M FY2024 | — | 110 mo ago | 501 | — | WebflowApple iCloud MailMicrosoft 365+17 | — |
| 2 | Eleving Online platform for car and motorcycle financing | $9M FY2024 | $26M | 29 mo ago | 2,600 | Modestas Sudnius CEO | WordPressMySQLPHP+17 | 1 job opening |
| 3 | Confero Technologies Core banking and open banking software for banks | $3M FY2024 | — | — | — | Sergejs Mazurs Co-CEO | — | 2 launchs |
| 4 | Mobilly Payment app for transportation services | $2M FY2022 | $1M | 115 mo ago | 28 28 → 45 (+61%) | Girts Slavins CEO | WordPressMySQLRedis+17 | 1 partnership |
| 5 | LANDE Provider of crowdfunding solutions for agribusinesses | $2M FY2024 | $546K | 45 mo ago | 4 | Nikita Goncars Co-Founder & CEO | TinyMCELeafletAnimate.css+21 | — |
| 6 | Capitalia Online P2P platform for working capital financing | $2M FY2024 | — | — | — | Juris Grisins Founder & Manager | PHPTailwind CSSBootstrap+15 | 1 partnership |
| 7 | Flexidea Developer of an online platform for invoice factoring | $1M FY2022 | — | 45 mo ago | 4 | Marija Sutirina Co-Founder | — | — |
| 8 | Excellent Latvia Business and accounting management software | $1M FY2023 | — | — | 7 | — | WordPressMySQLPHP+19 | — |
| 9 | inGain Provider of a flexible and feature-rich content management platform for individuals and organizations | $1M FY2023 | $692K | 26 mo ago | 16 16 → 31 (+94%) | Juris Cirkovs Co-Founder | — | — |
| 10 | Euroaudit Accounting and auditing firm providing a range of services to businesses | $748K FY2022 | — | — | 21 | Janis Pikmanis Owner | BootstrapApache HTTP ServerjQuery+3 | — |
| 11 | Mintos P2P marketplace for consumer and business loans | $746K FY2023 | $28M | 20 mo ago | 196 | Martins Valters Co-Founder & COO | Node.jsPHPAmazon Web Services+23 | 1 partnership |
| 12 | Finto Capital Digital lending platform offering auto loans | $627K FY2022 | — | — | 5 | — | Node.jsMUIReact+8 | — |
| 13 | Crassula White label banking solutions provider | $513K FY2024 | — | — | 71 | — | Google CloudCloudflarelit-html+15 | 1 job opening · 1 launch · 1 partnership |
| 14 | eComCharge White label payment gateway | $393K FY2018 | — | — | 3 | Nikolajs Kirillovs CEO | Google CloudAmazon Web ServicesCloudflare+13 | — |
| 15 | Capitax Cloud-based AML, KYC, risk assessment, and transaction monitoring solution | $275K FY2024 | — | — | 1 | — | — | — |
Top 12 FinTech companies in Latvia
#1
Series B · Riga, Riga · founded 2014 · 196 employees$28Mraised▾
P2P marketplace for consumer and business loans. It enables borrowers to access loans from institutional or individual investors. Borrowers are assigned to the lenders on the basis of credit scores and loan terms. It also provides Mintos Risk Score for calculating credit scores. The application is available on iOS and Android platforms.
#2
Seed · Jelgava, Semigallia · founded 2019 · 38 employees$4.7Mraised▾
Developer of a financial marketplace connecting underserved populations with financial products. It builds digital marketplaces that link individuals to financial services, leveraging alternative data to assess creditworthiness. The platform offers lead generation, data APIs, an exchange for rejected applicants, and embedded partnerships to streamline the application process for lenders and borrowers. This approach facilitates financial inclusion and creates new market opportunities for financial institutions.
#3
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.
#4
Seed · Riga, Riga · founded 2011 · 16 employees$691.8Kraised▾
Developer of a customizable no-code lending platform designed to automate the lending process for lenders, fintech, and banks. The company offers a lending platform that automates the full lending lifecycle, lightweight product, and market testing, a no-code interface for real-time business intelligence data, limitless system customization, and no business continuity risks or vendor lock-in, enabling financial services companies to launch new products and markets quickly, adapt lending rules.
#5
Acquired · Riga, Riga · founded 2015 · 73 employees$3.4Mraised▾
API for categorizing and analyzing transaction data. The sanitized transaction data can be used by banks for credit assessment and personal finance management solutions. It provides an API where banks and other financial institutions can upload transaction databases, data is cleansed from unnecessary noise and relevant text is identified. Machine-learning algorithms match transactions with corresponding categories. Enrichment Categorized transactions are further enhanced with geolocation and merchant brand data. It is then customized for credit assessment, fraud analytics, and other purposes.
- Jun 2021Series A$2.6M
- Sep 2018Seed$800K
- Sep 2017Seed—
#6
Seed · Riga, Riga · founded 2016 · 4 employees$546Kraised▾
Provider of crowdfunding solutions for agribusinesses. It offers a platform where farmers get funding from various individuals and helps them in expanding their businesses. It enables individuals to invest in various agricultural projects and create a diversified investment portfolio.
- Sep 2022Seed$546K
#7
Seed · Riga, Riga · founded 2005 · 28 employees$1.2Mraised▾
Developer of a mobile payment billing system designed to make payments faster, easier, and handier. The company's system facilitates online payments for bus tickets, train tickets, parking tickets, postal services, and other services, enabling users to make and receive payments with their mobiles with one click.
#8
Funding Raised · Daugavpils, Daugavpils · founded 1992 · 89 employees$184.7Kraised▾
Provider of identity verification software and forensic document examination equipment. The company delivers solutions for digital and on-site onboarding, identity lifecycle management, border control, and forensic examination. It offers biometric authentication and document verification software. The company also provides document examination devices and forensic equipment for document and VIN number verification.
- Sep 2019Grant (prize money)$184.7K
#9
Seed · Riga, Riga · founded 2015$120Kraised▾
Toneboard is a company that helps lenders with credit assessment of the loan applicants based on speech analytics (phone call analysis). The company claims to draw insights into the credit worthiness of the applicant from his interactions.
- 2017Seed$120K
- Apr 2016Seed—
#10
Seed · Riga, Riga · founded 2017 · 4 employees—raised▾
Developer of an online platform for invoice factoring
#11
Seed · Riga, Riga · founded 2020 · 3 employees—raised▾
Online invoicing management software for freelancers. It features solutions for invoice generation, accounting, financial reporting, tax payment, and more. It offers solutions for the self-employed including translators, programmers, designers, consultants, and more. It also offers financial consulting and licensed services.
#12
Seed · Riga, Riga · founded 2016—raised▾
Altero.lv is an online loan comparison platform for the consumer as well as business loans. It provides its users with loan up to €25000 for a term of up to 84 months. It provides consumer credit, car loans and leasing, online credit, business financing, etc.
- Oct 2019Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of FinTech 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.