Financial Services, Investments, Latvia, Technology

International Internet Magazine. Baltic States news & analytics Monday, 24.09.2018, 15:10

Most of new start-ups operate in financial technologies sector in Latvia

BC, Riga, 13.11.2017.Print version
Interest in financial technologies (fintech) is large among Latvians start-ups and 70% of the start-ups operate in fintech sector, said Jekaterina Novicka, the board chairwoman of the Latvian Association of Start-ups, cites LETA.

In her words, last year the association had listed 240 start-ups in Latvia, while after the first nine months of this year the number has risen to 320.


"The number of start-ups is growing very steeply, and 70% of these companies operate in fintech sector. Interest about fintech sector in Latvia is huge," she said.


Last September Novicka told LETA that Latvian start-ups had attracted investments worth about EUR 110 million, compared to EUR 330 million attracted by Estonian start-ups and EUR 140 million attracted in Lithuania.

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