Eight Latvian-regulated Fintech platforms have facilitated more than €13 billion in investments and serve more than 800,000 foreign investors, with German investors accounting for about 30% of demand, Latvia’s investment agency said.
The figures were disclosed during a Latvian trade mission to Berlin, where fintech companies met with 20 institutional investors, family offices, and financial-sector representatives as Latvia sought to deepen financial and technology ties with Germany.
The mission, organised by the Investment and Development Agency of Latvia (LIAA), brought together 53 Latvian companies and organisations spanning information technology, fintech, life sciences, defence, and dual-use industries.
The fintech delegation’s meetings with German investors and financial-sector representatives come as Latvia seeks to position its regulated investment platforms as a gateway for cross-border investment and financial services.
The eight platforms are regulated in Latvia, although the agency did not identify them individually or provide a breakdown of the €13 billion by platform or investment category.
German investor demand accounts for around 30% of activity on the platforms, according to LIAA, highlighting Germany’s importance to Latvia’s fintech sector.
The fintech companies were among Latvian businesses taking part in a wider programme designed to develop investment, commercial and technology cooperation between the two countries.
The trade mission also advanced several investment projects in Latvia. LIAA said two of the most developed projects discussed during the mission represent more than €600 million in planned investment.
Talks with German renewable energy company Notus Energy focused on two projects in Latvia, including grid connections, permitting and financing.
Discussions with Dynamit Nobel Defence covered plans for a production facility in Latvia following a memorandum signed with the State Defence Corporation in February.
The delegation also met Berlin-based autonomous mobility company HOLON to explore manufacturing, supply-chain cooperation, autonomous mobility testing and technology development.
Space technology company LiveEO, which has operated a Latvian subsidiary for four years, was invited to expand its activities in Daugavpils, while Latvian officials also presented opportunities for German companies to invest in data centres.
Latvian ICT companies participated in the Big Bang AI Festival and other German-Baltic digital cooperation events during the mission.
The delegation’s broader programme included meetings between Latvian life sciences companies and German biotechnology, healthcare, and research institutions, while defence and dual-use companies held discussions with German industry and government representatives including Rheinmetall, HENSOLDT, Rohde & Schwarz, and Quantum Systems.