Latvia

airBaltic World’s First Airline to Issue NFTs

Latvian airline airBaltic announces that it will become the world’s first airline to issue non-fungible tokens (NFTs). The airline will issue limited collector NFTs showcasing an individual Airbus A220-300 with its registration as well as a piece of art of

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Latvian Fintech Startup Jeff App Raises $1 Million for Southeast Asian Expansion

Jeff App, a Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round. Jeff App said that the funds will be used to launch new products and fuel growth

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Revolut Bank Launched in 10 Additional European Markets

Revolut has launched as a bank in 10 additional European markets with a specialised banking license from the European Central Bank via the Bank of Lithuania. Customers in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia who

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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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