Fintech Focused Magnetiq Bank Joins Fintech Hub LT

Magnetiq Bank has joined Fintech Hub LT – an association with a mission to support licensed Fintechs in Latvia and EEA countries. Fintech Hub LT also represents Latvia as a Fintech centre of innovation.

AS Magnetiq Bank, based in Latvia, aims to support Fintechs, e-commerce, and other startups. Magnetiq is part of the Signet Bank Group, the sole shareholder.

Magnetiq says that joining the Fintech Hub LT marks a significant step in its expansion, highlighting its commitment to working with Fintech companies and startups across the Baltics and the European Economic Area (EEA).

Antons Kononovs, Acting Chairman of the Board of Magnetiq Bank, said joining the Hub is an important step for the Latvian financial sector as well as the Baltic region.

“It demonstrates the bank’s commitment to becoming a leading partner for Fintech startups striving for innovation and efficient financial solutions. This partnership offers the opportunity to create not just simple business relationships but a synergistic collaboration where banks and technology companies can work together on innovative platforms that will promote the adoption of modern financial technologies.
Moreover, this partnership will strengthen the exchange of innovation and help expand Magnetiq Bank range of offerings. Together, we look forward to creating a thriving ecosystem for Fintech companies in the Baltics and throughout the EEA.”



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