Report offers overview of Latvia's FinTech sector

The FinTech Latvia Association has published an overview of the state of the industry at present.

“The Pulse of FinTech Industry in Latvia” is the first such in-depth report on the Latvian FinTech industry of its kind and is intended as a useful guide and information source for potential investors.

The report suggests that there is certainly no shortage of optimism in the industry with a sectoral survey revealing that the majority of respondents expect revenue growth of around 1-100% in 2022, and around one in ten expect even more.

"FinTech companies make up an astounding one quarter of all startups in the country, among them some of the most successful and fastest growing FinTech companies in Europe. The trend shows a growing increase, and FinTechs are also among the startup sectors receiving the most investment, talent, and interest," the report says.

The full digital report can be read online here.

Source: Press release (eng.lsm.lv). Photo: FinTech Latvia Association