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Swedbank co-creation

Swedbank co-creation
A place where ideas come to be!

We support innovative projects and ideas taking live form beyond the digital collaboration opportunities provided by the bank.

Fintech Reports
Fintech Reports
Tech <br/> events
Fintech geared
Fintech geared
Swedbank connections
Swedbank connections
The financial sector is constantly evolving, especially now with Open Banking being one of the main drivers of this change.

Swedbank is a place where we open the doors to innovative ideas, enterprising people and new technologies, becoming a bridge that connects them with experience and access to international markets.

Swedbank co-creation events

Swedbank co-creation is also about many different events, including SeedTalks - a meetup series aiming to bring together the forces of the Baltic finance, technology and startup communities. Anyone interested in technology, startups and banking is invited to join us and dig deeper into specific topics related to banking, innovations & technology.

Information about upcoming events can be found on the Swedbank Latvia Facebook page.

Latvian Fintech Report 2020

The finance industry in Latvia in general, and it’s capital Riga in particular, has been traditionally strong. Financial services have consistently ranked among the leading service export areas in the Baltic region, in large parts benefitting from Riga as the trading bridge between European, Nordic and CIS economies.

A skilled and ambitious talent pool, advantageous geographic location and high-tech digital infrastructure has facilitated the recent meteoric rise of the IT sector. As the nascent IT industry is merging with strong roots in finance, the current innovation trends act as a catalyst for growth and innovation. Fintech is the strongest startup segment in Latvia, with a wide scope of players starting from crypto hardware giants to small payments services.

For the first-ever Latvian fintech report, Swedbank Latvia partnered with the Latvian Startup association for an in-depth survey of active companies in Latvia, with the aim to take the temperature of the current fintech landscape. Survey respondents represent 40% of all currently active fintech startups registered in Latvia, offering a deeper view into the current trends of the fintech ecosystem.

Key data at a glance


Active fintech companies registered in Latvia


Startups with an international team


Are looking to hire within the next year


Companies have a female in the executive team

Business environment


Doing Business 2020


connectivity and digital infrastructure


eGovernment Benchmark in Europe



direct routes from Riga Airport


fastest internet speed in the world


mobile data usage in the world

Talent pool


growth of employed specialists in IT sector


of 25-34 year olds know at least 2 languages


of students are international

Download the full report Latvian Fintech Map 2020
A growing fintech hub

Latvia has been steadily growing as an emerging startup hub. With a population under 2 million people, the country has not only supported the growth of local startups with flexible regulations and business infrastructure, but increasingly positioned itself as the headquarters for many international startups looking for the best launchpad.

With all the necessary preconditions to serve as a springboard for high-tech IT companies, Latvia can boast a digital-first approach to government services, competitive digital infrastructure and an ambitious, talented and multilingual workforce making it easier for founders based in Riga to build strong international teams with a global outlook from day one.

Contact us

For more information regarding Latvian Fintech Report e-mail us to To catch up with the latest events follow the Swedbank Latvia Facebook page.

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