During a trade mission to Berlin organised by the Investment and Development Agency of Latvia (LIAA), Latvian FinTech companies met with German institutional investors, family offices, banks and representatives of the financial technology sector. Latvian companies presented their solutions and discussed investment opportunities, cooperation with Germany’s financial sector and possibilities for expanding their operations in Europe’s largest economy. On Thursday, 17 September, delegation companies will continue with individual business meetings with potential partners.
The FinTech programme was developed in cooperation with the Fintech Latvia Association and Berlin’s House of Finance & Tech (HoFT). It brought together Minister of Economics Viktors Valainis, executives from Latvian FinTech companies, German investors and other industry representatives.
“Eight investment platforms regulated in Latvia serve more than 800,000 investors abroad, and the total volume of investments made through these platforms has already exceeded EUR 13 billion. This demonstrates that Latvia has developed an internationally competitive FinTech sector, rather than just a number of individual success stories. Our next task is to turn these technological and regulatory advantages into an even stronger position for Latvian companies in the European financial market,” says Minister of Economics Viktors Valainis.
Investors Discover Latvia’s FinTech Offering
At a roundtable discussion held on 16 September, Latvian FinTech companies presented their solutions and the development of Latvia’s FinTech sector to German investors. Participants included institutional investors, representatives of family offices and other members of Germany’s investment community.
Latvia’s FinTech sector was represented by companies including Mintos, Debitum, Magnetiq Bank, TWINO, VIAINVEST, LANDE and others. The aim of the discussions was to establish direct contacts with German investors, explore financing opportunities and present Latvia as an attractive environment for the operation and growth of FinTech companies.
“Approximately 30% of demand on Latvian investment platforms comes from German investors. This means that our companies already have a market and customers in Germany, but further growth requires broader cooperation with banks, institutional investors and other financial market participants. This is exactly what the FinTech programme in Berlin was designed around: bringing companies together with partners who can help them significantly expand their operations in Germany,” says Vita Balode-Andrūsa, Director of LIAA’s Export and Innovation Services Department.
Berlin is Germany’s leading FinTech hub. According to Germany’s federal Digital Hub Initiative, more than two-thirds of German FinTech companies are based in the city, which also attracts 90% of the venture capital invested in the sector.
“Germany is one of the most demanding, yet also one of the most attractive FinTech markets in Europe. Latvian companies, including Mintos, have demonstrated that it is possible to earn the trust of German investors by offering regulated, transparent and practical investment products. This trade mission is an important step towards building closer and more resilient economic ties between the Latvian and German FinTech ecosystems,” says Mārtiņš Šulte, CEO and Co-founder of Mintos.
From Licensing to Cooperation with Germany’s Financial Sector
The Berlin–Riga FinTech Exchange and Networking event, dedicated to cooperation between the FinTech ecosystems of Berlin and Riga, focused on the opportunities created by the EU Markets in Crypto-Assets Regulation, or MiCA, FinTech licensing in Latvia, access to the German market and capital, technology partnerships and cross-border business growth.
Tīna Lūse, Head of the Fintech Latvia Association, introduced participants to Latvia’s FinTech ecosystem. Lorian Qorraj, representing Atrya, shared the company’s experience of the licensing process and starting operations in Latvia, while Latvia’s Magnetiq Bank and German company Vexcash presented their cooperation model in the lending sector.
The event gave Latvian companies an opportunity to engage directly with investors, financial institutions, technology companies and industry organisations in one place. German partners, in turn, were introduced to the solutions offered by Latvian companies and their experience of operating in a regulated European Union financial market.
The FinTech programme concluded with a reception hosted by Latvia’s Ambassador to Germany, Ilze Rūse, where representatives of the Latvian delegation continued discussions with German business leaders, investors and industry organisations.
Photo gallery: Latvian Entrepreneurs in Germany – Finance and Technology Program
©️ Photothek/LIAA
Trade Mission Continues with Individual Business Meetings
On 17 September, Latvian delegation companies will take part in individual business meetings with potential German customers, investors and cooperation partners. The meetings have been arranged according to each company’s field of activity and interests in the German market.
On the first day of the trade mission, the Latvian delegation also participated in an information session on Germany’s economic and political environment. Minister of Economics Viktors Valainis met with Thomas Steffen, State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy, to discuss opportunities to deepen economic cooperation between the two countries and strengthen the position of Latvian companies in the German market.
A Memorandum of Understanding was also signed in Berlin between LIAA, the German Chamber of Commerce and Industry (DIHK) and the German-Baltic Chamber of Commerce (AHK). It will provide Latvian companies with access to the expertise, contacts and services of the German Chambers Abroad network across 150 locations in more than 90 countries.
The Latvian business trade mission to Germany, organised by LIAA, takes place from 14 to 17 September. It brings together companies from the information and communication technology, FinTech, life sciences, smart energy, defence and dual-use technology sectors. The programme includes visits to companies and innovation centres, participation in international industry events, meetings with investors and individual business meetings.
Germany is Latvia’s largest export market outside the Baltic States. Since 2020, Latvia’s exports of goods and services to Germany have increased by more than 40%, from EUR 1.47 billion to approximately EUR 2.1 billion in 2025. Last year, Latvia exported more to Germany alone than to the United States, France and China combined. Growth has continued this year: in the first half of 2026, exports to Germany increased by 11%, while Latvia’s total exports grew by 6%. Germany is also Latvia’s largest market for services exports, which reached EUR 779 million in 2025. More than 1,000 companies with German capital operate in Latvia, with their total investment in share capital exceeding EUR 800 million.
LIAA organises participation in international trade missions under the EU co-funded Programme for the Development of Innovative Entrepreneurship among Small and Medium-sized Enterprises (SMEs), with support from the European Regional Development Fund and national funding. Companies may participate in trade missions either on a fee-paying basis or by receiving support to cover eligible costs.
