Tagged: latvia

September 27, 2021 @ 11:18 am By Omar Faridi  |  

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

September 8, 2021 @ 7:34 am By Omar Faridi  |  

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

September 7, 2021 @ 8:36 am By Omar Faridi  |  

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

September 2, 2021 @ 8:42 am By JD Alois  |  

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

August 19, 2021 @ 3:09 pm By Tony Zerucha  |  

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

August 16, 2021 @ 10:13 am By JD Alois  |  

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

July 31, 2021 @ 9:04 am By Omar Faridi  |  

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

July 17, 2021 @ 5:03 pm By Omar Faridi  |  

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

July 14, 2021 @ 3:39 am By Omar Faridi  |  

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

July 13, 2021 @ 8:59 am By Omar Faridi  |  

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

July 3, 2021 @ 12:22 pm By Omar Faridi  |  

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

June 21, 2021 @ 7:54 am By Omar Faridi  |  

The team at Estateguru, an online lending platform that offers retail investors the ability to back loans secured by property, reveals that it financed €16.8M worth of loans last month. As mentioned in EstateGuru‘s loan portfolio overview report, the most active markets were Estonia and… Read More

June 17, 2021 @ 2:39 am By Omar Faridi  |  

Gabriella Kindert, who is considered an expert in private debt markets and has reportedly managed billions (currently serving as a Board member at EstateGuru), says that she encourages investors to check out different lending platforms. In a recent interview, Kindert talked about  how they should… Read More

June 10, 2021 @ 12:33 pm By Omar Faridi  |  

roThe team at Nordigen notes that it’s just been half a year since they announced Europe’s first “free” Open Banking API, however, they’ve already managed to introduce 1,000 bank integrations and acquire an additional €2.1 million. The Latvia-based Nordigen team writes in a blog post… Read More

June 9, 2021 @ 11:20 am By Omar Faridi  |  

During the past year, Latvia and Israel have experienced a significant surge in Fintech interest, according to a recent analysis published by the Fintech News Network. Google Trends data for the period between April 2020 and April 2021 reveals that online search queries for Fintech… Read More

May 25, 2021 @ 7:09 am By Omar Faridi  |  

Andres Luts, Chief Credit Officer at EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, is responsible for managing the platform’s credit policy across several different European nations. Luis recently talked about EstateGuru’s enforcement proceedings that are… Read More

May 15, 2021 @ 10:37 am By Omar Faridi  |  

The lending firms on P2P marketplace Mintos are preparing (or have already prepared) and posted their consolidated financial performance reports from last year. The Mintos team notes in a detailed blog post (dated May 13, 2021) that they’re bringing to attention the lending firms, as… Read More

May 14, 2021 @ 7:54 am By Omar Faridi  |  

EstateGuru, a Lithuania-based debt crowdfunding platform, has published its Loan Portfolio Overview Report for April 2021. The report, released on May 14, 2021, notes that April’s financing volume was more than €14 million and the German market has become the primary contributor of new projects… Read More

April 12, 2021 @ 8:43 am By Omar Faridi  |  

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that in March 2021, their investors were able to finance €21.5M worth of loans which is “a new record” on their platform. The German market was notably the largest contributor with €8,3M, followed by Estonia with… Read More

March 23, 2021 @ 12:44 pm By Samantha Hurst  |  

Jeff App, a Latvian fintech startup that provides a data-enabled loan brokerage platform for unbanked customers in Asia, announced on Tuesday it raised $1 million through its latest financing round led by the Estonian Business Angels Network (EstBAN) syndicate with participation from Startup Wise Guys,… Read More