Latvian financial technology companies met with representatives of German institutional investors, family offices, banks, and the FinTech industry during a trade mission to Berlin organised by the Investment and Development Agency of Latvia (LIAA). The Latvian companies presented their solutions and discussed investment opportunities, cooperation with the German financial sector, and opportunities to expand their operations in Europe’s largest economy. On Thursday, 17 September, the participating companies will continue individual business meetings with potential partners.
The FinTech programme was developed in cooperation with the Fintech Latvia Association and the House of Finance & Tech Berlin (HoFT). Participants included Latvia’s Minister of Economics Viktors Valainis, executives of Latvian FinTech companies, German investors, and other industry representatives.
“Eight investment platforms regulated in Latvia serve more than 800,000 investors abroad, while investments made through these platforms have already exceeded €13 billion. This demonstrates that Latvia has developed an internationally competitive FinTech industry, rather than merely a handful of successful companies. Our task now is to transform these technological and regulatory advantages into even stronger positions for Latvian companies in the European financial market,” said Minister of Economics Viktors Valainis.
Investors Explore Latvia’s FinTech Offering
During a roundtable discussion held on 16 September, Latvian FinTech companies introduced German investors to their solutions and the development of the sector in Latvia. Participants included German institutional investors, family-office representatives, and other members of the investment community.
Latvia’s FinTech sector was represented by Mintos, Debitum, Magnetiq Bank, TWINO, VIAINVEST, LANDE, and other companies. The discussions aimed to establish direct contacts with German investors, explore funding opportunities, and present Latvia as an attractive environment for the operation and growth of FinTech companies.
“German investors account for approximately 30% of demand on Latvian investment platforms. 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. We designed the FinTech programme in Berlin around precisely these opportunities—bringing companies together with partners who can help them significantly scale up their operations in Germany,” said Vita Balode-Andrūsa, Director of LIAA’s Export and Innovation Services Department.
Berlin is the centre of Germany’s FinTech industry. According to Germany’s federal Digital Hub Initiative, the city is home to more than two-thirds of Germany’s FinTech companies and attracts 90% of the venture capital invested in the sector.
“Germany is one of Europe’s most demanding yet attractive FinTech markets. Latvian companies, including Mintos, have demonstrated that it is possible to earn the trust of German investors by offering regulated, transparent, and practically useful investment products. This trade mission is an important step towards establishing closer and more sustainable economic ties between the Latvian and German FinTech ecosystems,” said 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 Berlin and Riga FinTech ecosystems, addressed the opportunities provided by the European Union’s Markets in Crypto-Assets Regulation (MiCA), the licensing of FinTech companies in Latvia, access to the German market and capital, technological partnerships, and the cross-border growth of companies.
Tīna Lūse, head of the Fintech Latvia Association, introduced participants to Latvia’s FinTech ecosystem. Atrya representative Lorian Qorraj shared the company’s experience of the licensing process and launching operations in Latvia, while Latvia’s Magnetiq Bank and German company Vexcash presented their cooperation model in the lending-services sector.
The event allowed Latvian companies to connect with investors, financial institutions, technology companies, and industry organisations in one place. German partners, meanwhile, learned about the solutions offered by Latvian companies and their experience of operating within the regulated European Union financial market.
The FinTech programme concluded with a reception hosted by Ilze Rūse, Latvia’s Ambassador to Germany, where representatives of the Latvian delegation continued their discussions with German entrepreneurs, investors, and industry organisations.
Trade Mission Continues with Individual Business Meetings
On 17 September, companies from the Latvian delegation are scheduled to hold individual business meetings with potential German clients, 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 Thomas Steffen, State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy, to discuss expanding economic cooperation between the two countries and opportunities for Latvian companies in the German market.
A memorandum of understanding was also signed in Berlin between LIAA, the Association of German Chambers of Industry and Commerce (DIHK), and the German-Baltic Chamber of Commerce (AHK). It will provide Latvian companies with access to the expertise, contacts, and services of Germany’s network of chambers of commerce abroad, which operates at 150 locations in more than 90 countries.
The trade mission of Latvian companies to Germany, organised by LIAA, takes place from 14 to 17 September. It includes companies operating in information and communication technologies, financial technologies, life sciences, smart energy, defence, and dual-use technologies. The programme includes visits to companies and innovation centres, participation in international industry events, meetings with investors, and individual business discussions.
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 €1.47 billion to approximately €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: during the first half of 2026, exports to Germany increased by 11%, compared with 6% growth in Latvia’s overall exports. Germany is also Latvia’s largest market for services exports, which reached €779 million in 2025. More than 1,000 companies with German capital operate in Latvia, with their combined investment in share capital exceeding €800 million.
Participation in international trade missions is organised by LIAA under the European Union co-financed programme for the development of innovative entrepreneurship among small and medium-sized enterprises (SMEs), supported by the European Regional Development Fund and national funding. Companies may participate in trade missions either by paying a participation fee or by receiving support to cover eligible costs.
