Fintech Latvia

10/09/2024

Latvian central bank will begin accepting applications and issuing licenses for crypto-asset service providers from January 2025.

In anticipation of European Union licensing regulation, Latvian central bank (Latvijas Banka) is inviting companies seeking a crypto-asset service provider license in Latvia for pre-licensing consultations.

25/01/2023

At a time when the cost per attracted buyer keeps rising, all businesses are in stiff competition to boost their rates of conversion.

-with LPB Bank

Here talking about how entrepreneurs can make their first steps in the digital environment and pick cooperation partners that will care about conversion as much as they do, is the head of the E-commerce Department at LPB Bank, Edgars Valmers.

10/01/2023

06/01/2023

LPB Bank is currently the only bank in Latvia able to offer a full range of Banking as a Service (BaaS) services

The bank's mission is to provide a full range of services to companies in the fintech industry soon, notes Staņislavs Siņakovičs, Head of the Business Development Department at LPB Bank.

15/12/2022

Being digital is no longer enough, banks are increasingly turning to hypersonalisation strategies to fend off competition from bigtechs and fintechs alike. F...

12/12/2022

The acquisition of MeaWallet and A-Heads Consulting is part of SaltPay’s plan to expand its engineering capabilities.

SaltPay, a UK-based Fintech company that provides affordable and secure payment and software solutions for small and medium-sized businesses, has announced that it has acquired two Latvian firms, MeaWallet and A-Heads Consulting. This acquisition is part of SaltPay’s plan to establish a new engine...

08/12/2022

Latvian proptech startup raises $16 million Series A.

-with Giraffe360

Riga-based startup Giraffe360 has raised $16 million in a Series A funding round led by pan-European VC firm Founders Fund which has invested in many major

30/11/2022

Customers can now open a UBS bank account fully digitally in a few minutes.

-with UBS

UBS has partnered with Latvian identity verification company Regula to enable automated and 24/7 account opening for new customers.

26/10/2022

ArcaPay claims to be seeing a 40% annual growth rate in Lithuania.

UK-based cross-border payments platform ArcaPay has entered the Latvian market to provide SMEs an alternative to commercial banks.

18/10/2022

Many acknowledged the significant potential and advantages that Latvia has for FinTech development.

The FinTech industry in Latvia has enormous opportunities lying ahead – this was one of the insights at a recent forum held by the Financial and Capital Markets Commission (FCMC) and the Investment and Development Agency of Latvia (LIAA)

14/10/2022

LPB Bank: The Fintech Industry in Latvia Has Great Potential but Requires Decisive Action

The FinTech industry in Latvia has enormous opportunities lying ahead – this was one of the insights at a recent forum held by the Financial and Capital Markets Commission (FCMC) and the Investment and Development Agency of Latvia (LIAA)

29/09/2022

Cash availability is still important to Latvians given their proximity to the Russia-Ukraine conflict.

-with Latvijas Banka

The Latvijas Banka's latest “Payment Radar” finds that the ratio of non-cash and cash payments in the country stood at 71% to 29%.