Latvia

Baltic Banks Embrace Open Banking

In the Baltic region, banks are embracing open banking with most of the major ones giving third-party providers regulated access to account information through developer portals. Data from Latvian open banking startup Nordigen and Openbankingtracker.com suggest that at least 11

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2 Fintechs Featured on TechChills’ Top 10 Latvian Startups to Watch Out For

TechChill, a non-profit organisation fostering the Latvian and Baltic startup ecosystem, has singled out ten up-and-coming startups that we should keep an eye out for. The two fintech startups that made it on that list includes Nordigen and Jeff App.

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Lithuanian PayRay Expands Its Footprint to Latvia

PayRay Bank has continued its planned expansion and has started operations in Latvia. Factoring services and loans are already being offered to the businesses in that country. In the future, the range of services provided will be supplemented by other

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Bank of Latvia’s Report Revealed Changes in Consumer Payment Habits Post COVID-19

The September edition of the “Payment Radar” by the Bank of Latvia revealed that the COVID-19 and related restrictive measures significantly affected payment habits in Latvia over this year. The central bank’s report found that the total volume of non-cash

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EstateGuru Announces Key Appointments in Latvia

EstateGuru, a cross-border marketplace for short-term property backed SME loans, has announced a series of executive appointments in line with its expansion strategy in Latvia. EstateGuru is strengthening its Group Sales function by appointing current Country Head of Latvia, Dainis

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Swedbank Releases Latvia Fintech Report 2020

The finance industry in Latvia in general, and it’s capital Riga in particular, has been traditionally strong. Financial services have consistently ranked among the leading service export areas in the Baltic region, in large parts benefitting from Riga as the

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Luminor Bank Partners with new Latvian Fintech Spell

Spell has partnered with Luminor to support them in growing their payments business across the Baltic region. Spell’s white-label platform will enable Luminor’s processing center to accelerate payment processes and significantly scale its volume of payments. “Luminor is delighted to

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Payment Link – Your Door to the Online Business in the Baltics and Beyond

It always seems impossible until it’s done, said Nelson Mandela. And a process of moving business online can definitely relate to this statement. Even a thought of it makes you freeze of the number of associated unknowns. Where to find

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First Ever Latvia Fintech Startup Map Draft Released

Like other Baltic nations, Latvia has witnessed the steady growth of a fintech scene. Today, the country is home to 50 fintech startups and has rapidly expanding blockchain and alternative lending segments, according to the Fintech Latvia Startup Map 2020.

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Stripe Launches in the Baltic

Stripe officially launches its services in Estonia, Latvia and  Lithuania helping internet businesses in these countries to start, grow, and scale their business globally and accept money from anywhere in the world.  They also started their services in five other

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