The Baltic states, namely Estonia, Latvia and Lithuania, are becoming active in the fintech sector, thanks to a number of startups are putting the region on the map.
TransferWise, which was started by Estonians Kristo Käärmann and Taavet Hinrikus in 2011, is a peer-to-peer money transfer platform and one of Europe’s few truly global tech success stories. Since launch, TransferWise has attracted investment from some of the hottest names in tech, including Richard Branson, Peter Thiel and Andreessen Horowitz, and is worth over a billion dollars.
Latvian native fintech firm Creamfinance has been named one of the fastest growing fintech companies in the world. Creamfinance provides consumer loans as well as other financial products and operates several brands including CreditOn, LendOn, and CreditOne. The company relocated its headquarters from Riga, Latvia to Warsaw, Poland at the end of 2015.
Following the lead of their predecessors, today, we look at some of the Baltics’ most promising fintech startups and rising stars.