RBS Baltic Finance Centre has launched the pilot version of its FinTech Observatory – a dashboard that provides an overview of Latvia’s FinTech ecosystem.

The tool has been developed with the aim of providing industry policymakers, as well as university students, lecturers, and other interested parties, with an independent, data-driven perspective on the sector’s development.

The Fintech Observatory was presented during the FinTech Breakfast event “Reaching Latvia’s Fintech Ambition – What Will It Take?”, held on December 12, 2026, at Riga Business School. The event brought together fintech professionals, academics, and policymakers. It was co-organised with the FinTech Latvia Association, which also presented its industry review, Fintech Pulse 2025/2026, largely based on data from the Observatory. The presentations were followed by a panel discussion featuring Mārtiņš Kazāks, President of Latvijas Banka; Viktors Valainis, Minister of Economics; and leaders from three industry associations.

“The industry must take collective responsibility for its future development. We can shape the narrative ourselves and learn from our neighbors, but it is essential to rely on data that reflect real trends and can serve as a complement to strategy. We hope that the observatory will encourage discussion about the sector’s development based on facts rather than assumptions, and will also inspire the next generation of fintech creators,” emphasized the Founding Director of the Baltic Finance Centre Kristīne Dambe.

The dashboard features a sector-wide summary and individual company profiles, offering both a macro and micro-level view. It highlights key data, including sector categorization, turnover figures, employee numbers, taxes paid, and company profiles.

The data was curated through critical review and cross-verification of multiple sources. These include Dealroom’s Latvian FinTech Landscape, the EU Digital Finance Platform, Latvia’s Startup Association Startin.lv Startup Database, P2PMarketData, Latvian trade association member lists, regulator databases from the Consumer Rights Protection Centre (PTAC) and the Bank of Latvia, among others. These sources primarily served as guides for verification and reference. However, the resulting list of companies is not limited to them. Additional FinTechs were identified through independent research, media monitoring, and public information. 

Detailed business and financial metrics are provided in collaboration with CrediWeb, a company that provides access to company register data.  

The BFC initiated this project in close collaboration with the FinTech Latvia Association, sector representatives, and Latvijas Banka. We extend our gratitude to RBS students Mārtiņš Melnacis and Valts Vītums for their contribution to the creation of the database.