Fintech is an industry that has had an enormous growth in the past 10 years, and even more so in the Baltics. In Latvia alone, the fintech industry is valued at $878M, Labs of Latvia inform. Whether by cause or by effect, the Baltics do not lack fintech startups.
One segment in particular is peer-to-peer lending and crowdfunding. Today, these countries host numerous platforms focusing on consumer lending, business loans and invoice factoring, among many other areas.