Tagged: latvia

Global Fintech GoCardless Establishes New Headquarters in Riga

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

Mintos Returns to Crowdcube to Raise Growth Capital

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

Latvia’s Investment Platform Eleving Group Reports €77.2M in Earnings, €191.1M in Revenues in Past Year

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

European Regtech Salv Secures License to Operate as a “Closed Service KYC Utility” Service Provider

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

Debitum Announces New Investment Product and Streamlined Investor Onboarding Process

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

Estateguru Reports €10.1M in Loan Repayments in December with Additional €0.4M From Recovered Loans

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

Bondora Group Introduces New Loan Market in Latvia

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

Latvia’s Consumer Lending Firm DelfinGroup Reports Steady Revenue Growth

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

Digital Debt Marketplace Debitum Shares Latest Platform Updates

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

EstateGuru Reports Robust Performance of Loan Origination Volume in July Across Key Markets

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

Latvia’s Eleving Group Reports Net Portfolio of €295M in Q2 2023

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

Regulated Online Investment Platform Twino Launches Short Term Rental Option for Income Investors

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

Debitum, a European Digital Debt Marketplace, Announces New Investment Options

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

EstateGuru Reports €8.2M Worth of New Loans Issued via Platform in May 2023

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

Borderless Financing Platform Debitum Shares Key Updates

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

European Financing Platform Debitum Reports Solid Start to 2023

The team at Debitum notes that platform performance in February reveals a solid start of the year. New Loan originator – Flexiadea Polska – assets are “available for investments; increased rates for existing Loan Originators; improvements of the platform (‘About us’ section rebuilt); new deposits… Read More

EstateGuru Reports Topping €500 million in loans in the Baltics

Online investment and financing platform Estateguru is reporting having topped €500 million in loans in the Baltics. EstateGuru is an investment platform that enables individual investors to participate in secured loan offerings. The peer to peer platform launched in 2014 enabling property developers to borrow… Read More

Latvia’s Eleving Group Reports Steady Growth, Profitability in 2022

Eleving Group reports steady growth and “robust” profitability figures in 2022. The company highlights that it “increased its net portfolio by 17.8% compared to 2021, while adjusted net profit before FX reached €27.3m.” The company has provided the following operational and financial information: Eleving Group… Read More

European Financing Platform Debitum Shares Key Updates, Strategy for 2023

February has started with “great news” from Debitum‘s UK Loan originator, the company Triple Dragon. Two new A+ ABS programs are added to Debitum. Both programs are “on increased interest rate – by 1% p.a. compared to the regular rate.” 1st ABS program details: Total… Read More

EstateGuru Saw €183M Worth of Loans Issued on their Platform in 2022, 10% Less Than 2021

In 2022, EstateGuru reportedly saw €183.0M worth of loans on ther platform (10% less than in 2021), with €11.8M produced in December. Estonia was “the best performing market in terms of volume, in December (€5,3M), and also in 2022 overall (€69.2).” Finland followed “with €2.2M… Read More