Tagged: latvia

August 21, 2022 @ 10:51 pm By Omar Faridi  |  

EstateGuru notes that summer is in full swing, which is also evident in their loan volumes. During July 2022, their investors financed €11.8M worth of loans “with Estonia contributing the most with €4.0M, followed by Latvia (€2.3M) and Lithuania (€2.2M).” EstateGuru further noted that they… Read More

August 14, 2022 @ 11:47 pm By Omar Faridi  |  

DelfinGroup, a non-bank consumer lender in Lativa, reports revenue of €8.6 million in the second quarter, “an increase of 46% compared to the same period last year.” The firm has provided the latest operational and financial information: Pre-tax profit “increased by 30% to €1.96 million,… Read More

July 8, 2022 @ 6:40 pm By Omar Faridi  |  

To expand on the ongoing collaboration since 2016, AS DelfinGroup has incorporated Nordigen‘s Open Banking platform to add to their technological toolkit and “streamline their loan origination and credit assessment procedures.” Didzis Ādmīdiņš, Chairman of the Board of AS DelfinGroup, said: “We have chosen Nordigen… Read More

July 4, 2022 @ 9:24 am By Omar Faridi  |  

Another loan that was issued by Chain Finance has now “been recovered,” according to an update from Debitum. The loan was issued to a Lithuanian licensed financial institution and now “100% of principal amount, interest, and penalty amount for being late have been credited to… Read More

June 20, 2022 @ 9:23 am By JD Alois  |  

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

June 14, 2022 @ 6:01 pm By Omar Faridi  |  

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

June 8, 2022 @ 7:21 am By Omar Faridi  |  

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

May 30, 2022 @ 8:57 am By Omar Faridi  |  

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

March 30, 2022 @ 8:03 am By Omar Faridi  |  

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

November 29, 2021 @ 5:41 pm By Omar Faridi  |  

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

November 15, 2021 @ 10:14 am By Omar Faridi  |  

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

October 18, 2021 @ 11:37 am By Omar Faridi  |  

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

October 2, 2021 @ 5:23 pm By Omar Faridi  |  

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

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