Tagged: latvia

August 29, 2024 @ 11:55 am By JD Alois  |  

Describing 2023 as a “transformative year for Mintos,” the online investment platform says it is expanding its products for its customers. According to a note from the firm, the multi-asset investment platform, is now offering fractional bonds and ETFs alongside its first business of enabling… Read More

August 25, 2024 @ 7:39 pm By Omar Faridi  |  

Estateguru has shared the Loan portfolio overview for the month of July 2024. As of July 2024, Estateguru‘s loan portfolio has “demonstrated consistent performance, with approximately €8 million in repayments each month.” The 12-month portfolio remains robust, “delivering steady interest payments to our investors.” Of… Read More

August 6, 2024 @ 7:46 am By JD Alois  |  

Online investment platform Mintos has closed its funding round on Crowdcube at €3.1 million. Mintos notes that this is the second-largest crowdfunding round in Europe for 2024. In two weeks, Mintos said it secured the backing of 3,300 investors, including both existing and new investors…. Read More

July 11, 2024 @ 5:42 pm By Omar Faridi  |  

Estateguru has shared their Mid-year 2024 update from their CEO. Estateguru’s CEO, Mihkel Stamm, looks back on the first half of 2024, and provides an extensive “update on the company’s results and plans.” Mihkel Stamm notes that as we look back on the first half… Read More

June 27, 2024 @ 8:47 am By Omar Faridi  |  

Mintos is introducing Mintos Smart Cash to help clients with earning up to 3.75% on their cash. Mintos Smart Cash is described as “a new way for investors to earn attractive returns on cash.” This new offering from Mintos lets investors “earn returns on their… Read More

April 15, 2024 @ 10:26 pm By Omar Faridi  |  

GoCardless reveals that it has set up a purpose-built space in the Central District so thatthe Fintech can cement its’ commitment to the region, while providing a good employee experience to its growing team GoCardless, the bank payment company, has opened its new Riga-based headquarters… Read More

March 26, 2024 @ 12:26 pm By JD Alois  |  

Mintos, a European marketplace for debt capital, is launching a securities offering on Crowdcube. Mintos, based in Latvia, previously pursued an online funding round back in 2020 when it topped a goal of €1 million in around 15 minutes, eventually raising €5.3 million within the… Read More

February 19, 2024 @ 11:11 pm By Omar Faridi  |  

Eleving Group has announced unaudited results for the full year of 2023. The company has provided the following operational and financial information: At the end of 2023, Eleving Group has reportedly “recorded €77.2 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and €191.1… Read More

February 8, 2024 @ 8:13 am By Omar Faridi  |  

European Regulatory Technology (RegTech) scale-up Salv has broken new ground by becoming the first technology firm in Europe to secure a regulator-awarded license to operate as a ‘Closed Service KYC Utility’ service provider. The license, granted five years after the standards and regulations were established… Read More

February 5, 2024 @ 8:07 am By Omar Faridi  |  

Debitum says they are pleased to announce that a new investment product – shorter terms and daily interest repayments – is available to their investors starting now. Debitum is a licensed and regulated platform “where it is possible to invest only in bond-like financial instruments… Read More

January 18, 2024 @ 8:19 am By Omar Faridi  |  

Estateguru is reporting that it saw €10.1M in loan repayments in December, with an additional €0.4M from recovered loans. As noted in a blog post by Etstateguru, total returns “amounted to €1.1M, with an average return rate of 9.5%.” Estateguru further noted that they have… Read More

December 12, 2023 @ 9:47 am By Omar Faridi  |  

After successfully launching a new loan market in the Netherlands last year, the Bondora Group has now opened another loan market in Latvia. The investment platform’s management says it is pleased to announce that customers in Latvia can now access Bondora’s convenient online credit financial… Read More

November 14, 2023 @ 7:19 am By Omar Faridi  |  

DelfinGroup released its unaudited Q3 2023 financial results, which “showed stable growth in all business segments in the third quarter of 2023.” DelfinGroup’s revenue reached €36.9 million “in the first 9 months of 2023.” The company’s earnings “before interest, taxes, depreciation, and amortization (EBITDA) increased… Read More

September 23, 2023 @ 6:20 pm By Omar Faridi  |  

During August 2023, Debitum says that it continued to implement the platform’s long-term development plan. Last month: the change in ownership of Debitum was announced (expect more details soon). As noted in the update from Debitum, Ukrainian asset management was “restructured and announced new investment… Read More

August 29, 2023 @ 9:00 am By Omar Faridi  |  

EstateGuru reports that the loan origination volume in July “performed robustly across our key markets.” As noted in the update shared by EstateGuru, Estonia accounted “for €5.0M, Latvia contributed €1.4M, and Lithuania added €1.9M, resulting in a total origination volume of €8.9M.” The EstateGuru team… Read More

August 16, 2023 @ 8:39 am By Omar Faridi  |  

Eleving Group has announced unaudited results for the first half of 2023. The company has provided the following operational and financial information: Eleving Group reveals that it “recorded €90.6M in revenues in Q2 2023. Lease and subscription-based products contributed to €25.2M of the revenue, up… Read More

August 9, 2023 @ 9:35 am By JD Alois  |  

Twino, an online investment platform based in Latvia, has announced the launch of short-term rental investment assets. Twino is licensed and supervised by the Bank of Latvia. The company is best known for its European peer-to-peer lending services. The company has been in business since… Read More

July 7, 2023 @ 12:55 pm By Omar Faridi  |  

Debitum reports that the month of July 2023 has started with several positive developments for existing and new investors. According to a blog post by Debitum, more investment options are available via the platform, and there is also an updated “Invite a friend” program conditions,… Read More

June 28, 2023 @ 8:43 am By Omar Faridi  |  

In May, Estateguru’s crowdfunding platform reportedly saw €8.2M worth of new loans. In May of this year, Estateguru’s crowdfunding platform reported steady activity. Their sales team is now “concentrating on the Baltics and Finland: in Estonia the volume was €4.0M, in Lithuania €1.4M, in Latvia… Read More

April 9, 2023 @ 2:36 pm By Omar Faridi  |  

Debitum has shared key updates including the number of assets (loans) pooled into Asset-Backed Securities by Loan Originator In March, the Debitum platform reportedly “offered to place investments in 10 ABS programs consisting of 175 loans.” The total number of assets “at the end of… Read More