Latvia Steps Up Its Bid to Become a Fintech Hub
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AI-assisted source synthesis · not an independent investigation.
A report dated October 14, 2026, said that Latvia is stepping up efforts to become a leading fintech hub in the EU and is competing with Lithuania and Estonia for fintech companies. Since the beginning of 2026, the Bank of Latvia (Latvijas Banka) has issued more than 20 licenses; the report also said that well-prepared applicants can obtain a license within a few months and receive pre-admission consultation support during the license application process. The country currently has 127 fintech companies. Latvia’s 2025–2027 strategy proposes increasing the number of fintech companies by 30%, investment by 15%, and employment by 18%.
AI-written from reports · updated 5 days ago
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- Payments Cards & MobileLatvia steps up efforts to become a major fintech hub in the EU
Latvia is stepping up efforts to become a major fintech hub in the EU and is competing with Lithuania and Estonia for fintech companies. Since the beginning of 2026, Latvijas Banka has issued more than 20 licenses, and well-prepared applicants can obtain a license within a few months. License applicants can also receive pre-entry consultation support. The country currently has 127 fintech companies, and its 2025–2027 strategy aims to increase the number of companies by 30%, investment by 15%, and employment by 18%.
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