Tagged: latvia

European P2P Lender and Aspiring Neo-Broker TWINO Plans Securities Offering on Seedrs

TWINO, a peer-to-peer lending platform and emerging brokerage, is planning to raise capital on Seedrs, a leading UK/European investment crowdfunding platform. Twino said it will officially make the announcement later this month along with more details on the equity offering. TWINO has bootstrapped its operations… Read More

Fundvest to Offer New Investment App for Baltic Countries

Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy. It will provide access to EU and US stock exchanges and maintain… Read More

Around 335,000 Loans Were Funded, Equivalent to €60.3M via Mintos

Mintos notes in its Mintos Insight update that for certain investment products, regulation happens from the get-go, but for others, they might “not fall into a regulatory framework straight away.” While sharing other key takeaways from the Mintos Insight report, the team noted that new… Read More

Open Banking Fintech Nordigen Teams Up with Lenders to Optimize Loan Comparison Services

The team at Nordigen notes that they are pleased to announce their partnership with Lenders “to help with the further optimization of the loan comparison services.” Lenders is a globally-accessible consumer loan comparison platform. Their insightful analysis offers customers with quick, dependable and cost-effective loans… Read More

FT Partners Advises Swedish Acct-to-Acct Payment Provider Zimpler on Equity Funding from Nordstjernan Growth

Zimpler, a Swedish Fintech within the payments space, has secured new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house “focused on long-term quality growth.” FT Partners advises leading Swedish account-to-account payment provider Zimpler (@zimplers) on its new equity funding round… Read More

Eleving Group Is Reporting “Record-High” Financial Results for 9M 2021

Eleving Group (previously doing business as Mogo Finance) has shared its unaudited results for the nine months of 2021, “conclusively determining the company’s course to the best financial year in its history.” As mentioned in a blog post published by the Mintos team, the group’s… Read More

Latvia’s ExpressCredit Group Secures New Consumer Loan Funding from a US Investor

ExpressCredit Group (ExpressCredit), a lending firm, has acquired $9 million (appr. €7.74 million) in new funding for specialty finance operations in Botswana. As mentioned in an update, this allows the firm to diversify its financial resources and “partially refinance its existing credit facilities funded by… Read More

Lithuania’s Financing Platform, Debitum, Will No Longer Offer Cubefunder Loans via their Platform

At the beginning of October 2021, Debitum, a Lithuania-based financing platform, had reportedly asked Cubefunder to repay all the invested amounts and earned interest to their investors. On October 8, 2021, all final payments “were made,” the Debitum team confirmed in a blog post. Therefore,… Read More

DelfinGroup, a Non-Bank Consumer Lender in Latvia, Launches its IPO on Nasdaq Riga Stock Exchange

DelfinGroup launched its initial public offering (IPO) of 8 395 000 new shares on the Nasdaq Riga stock exchange this past Tuesday (September 28, 2021), and the public offer prospectus has been released. DelfinGroup’s management noted that the offering is currently available to retail investors… Read More

Legal Entity of Debitum, a European Investment Platform, Receives Brokerage License from Latvia’s Financial and Capital Market Commission

The team at Lithuania-based Debitum, a borderless financing platform, says it’s proud to release asset-backed securities and enter the “regulated financial market.” As mentioned in a blog post by Debitum, dated September 23, 2021,  the company will now be able to continue the journey to… Read More

Latvia based Fintech Jeff App Finalizes $1.5M Seed Extension Led by J12 Ventures

Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More

Over €7B in Loans Now Funded via European P2P Lender Mintos

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

TWINO Updates on Approval of Investment Brokerage License, Plans New Investment Products in Coming Months

As was previously reported, TWINO, a peer to peer lending marketplace for consumer loans, has been approved by the Latvian Financial and Capital Market Commission (FCMC) to operate as an Investment Brokerage. TWINO has now shared some additional information as to how it will operate… Read More

Loan Marketplace Mintos Receives Multiple New Financial Licenses

European loan marketplace Mintos has secured investment firm and electronic money institution licenses from the Latvian regulator Financial and Capital Market Commission (FCMC). Investors on Mintos have funded close to €7 billion in loans which are issued by more than 90 alternative lending companies to… Read More

Lending Marketplace TWINO Reports Profit, Preps for Investment Brokerage License

TWINO, an online lending marketplace based in Latvia, is reporting a record profit of €7.4 million on revenue of €61.6 million. The profit was an increase of 28% versus the year prior while top-line revenue increased by 30% year over year. Anastasija Oļeiņika, CEO of… Read More

Latvia based P2P Lender Sun Finance Exceeds €1B in Loans Issued with €95M Net Portfolio

Latvia-based P2P lending platform Sun Finance has exceeded the €1 billion (appr £851.7 million) milestone in the total loans provided. The company reveals that it’s on track to end 2021 with €200 million in earnings. Established in January 2017, the Sun Finance platform has managed… Read More

EstateGuru Reports 80 Loans Financed in June 2021 with a Total of €15.3M Being Funded

The team at EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, notes that even though we’re in the middle of really hot summer days and the start of the holiday season, the platform has still seen… Read More

AS DelfinGroup Issues Bonds via Private Placement, Proceeds from Issuance will Refinance Liabilities by Repurchasing Loans on Mintos

On July 9 2021, Latvian financial service firm AS DelfinGroup issued bonds through private placement in the “amount of €5 million with an annual coupon rate of 9.75%.” The nominal value of a bond is €1 000, and the “minimum subscription size was €100 000,”… Read More

European Online Lending Platform EstateGuru Shares Externally Audited Report for 2020

The team at EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, notes that as is customary, and as part of their commitment to transparency, they’ve published an “externally audited” annual report for 2020. EstateGuru‘s management writes in… Read More

Estonia’s Bigbank Chooses Nets for Offering Virtual Cards and Mobile Payments Capabilities

Bigbank, a global Estonian-owned bank providing personalized financial products, has selected European payment services firm Nets, to offer issuer processing and digital services, such as virtual cards and mobile payment capabilities. As noted by its management: “We’re a new type of bank – a truly… Read More

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