FINTECH PULSE 2025
We’re excited to bring you the latest edition of Fintech Pulse, offering a clear and data-driven view of Latvia’s fintech landscape. Inside, you’ll find exclusive insights from Riga Technical University’s Riga Business School Fintech Observatory, covering sector — wide turnover, taxes, profit, and employment.
The numbers speak for themselves: Latvia is now home to 127 fintech companies, which in 2024 generated €369 million in turnover, contributed over €90 million in taxes, and supported more than 3,600 jobs. Not a bad year at the office.
This edition also spotlights the most notable capital-market moves and investment rounds — including Eleving Group’s impressive €275 million bond issuance. You’ll also discover how Latvian fintechs are expanding into new markets and rolling out fresh, innovative products.
To round it out, we dive into the wider Baltic fintech ecosystem, featuring perspectives and commentary from industry experts across Latvia, Estonia, and Lithuania.
For comments and suggestions regarding the Observatory, reach out to us at info@fla.lv.
If you’d like guidance on obtaining a fintech license in Latvia, reach out at info@fla.lv or fintech@bank.lv. And for a full overview of the licensing process, take a look at: https://fintechlatvia.eu/
*This publication has been prepared as of 12 December 2025 and reflects the situation and data available at that time; subsequent developments may affect the information contained herein.
