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Swedbank co-creation space

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

Swedbank co-creation space powered by Swedbank, located on the 5th floor of Swedbank headquarters in Riga, is home to innovative projects and ideas taking live form beyond the digital collaboration opportunities provided by the bank.

Co-working space
Co-working space
Tech <br/> events
Tech
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 co-creation space is a place where the bank opens its doors to innovative ideas, enterprising people and new technologies, becoming a bridge that connects them with experience and access to international markets.

The aims of Swedbank co-creation space are to actively help industry start-ups grow, as well as gain valuable contacts, knowledge and practical support. It is a co-working and event space that supports the development of both new ideas and the entire industry, especially within the field of financial technologies.

It has hosted two fintech accelerators managed by our partners Startup Wise Guys and is home to 15+ companies and community partners actively working on innovative solutions.

Events at Swedbank co-creation space

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

We also open the space for various events hosted by other companies and community partners. Information about upcoming events can be found on the Swedbank Latvia Facebook page. To inquire about the possibility to host an event at the Swedbank co-creation space, please write to innovatetogether@swedbank.lv.

Co-working space

Swedbank co-creation space, an innovation space powered by Swedbank, aims to actively support early and seed stage start-up teams, facilitating the development of new, potentially groundbreaking ideas and the entire startup ecosystem.

For start-ups that pass the selection process, Swedbank offers an opportunity to use Swedbank co-creation space as a work space for business development for free, as well as to take advantage of the additional amenities and benefits offered by the Swedbank co-creation space and Swedbank.

Swedbank co-creation space offers
  • A permanent workplace within the Swedbank co-creation space for a time period agreed upon by Swedbank & the start-up company;
  • Free of charge, no equity or payment involved;
  • Coffee, tea, water, WiFi and other standard co-working space amenities;
  • Opportunity to use Swedbank co-creation space’s technical equipment and meeting rooms;
  • Startup events organized on the premises on a regular basis.
You should apply if
  • You're an early-stage startup registered in the Baltics;
  • You have a team of 1-5 people;
  • You plan to work on your idea/product full time;
  • Your company meets the definition of a start-up.

Swedbank co-creation space offers an opportunity to use the space as a work environment for early stage technology start-ups, mainly before the first major fundraising, and for small teams. Priority is given to new fintech start-ups, and secondary to companies from other related sectors.

At the moment all spaces are filled, but you can submit the application form and we will get in touch with you if your company matches the above profile and any spaces open up at Swedbank co-creation space.

Apply here
Our companies

Today, Swedbank co-creation space is home to 15+ companies and community partners. Click on the logos below to visit their websites.

Contact us

For inquiries regarding Swedbank co-creation space e-mail us to innovatetogether@swedbank.lv. To catch up with the latest events in Swedbank co-creation space, follow 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


91

Active fintech companies registered in Latvia

40%

Startups with an international team

88%

Are looking to hire within the next year

57%

Companies have a female in the executive team

Business environment


#19

Doing Business 2020

#4

connectivity and digital infrastructure

#4

eGovernment Benchmark in Europe

Infrastructure


100+

direct routes from Riga Airport

#16

fastest internet speed in the world

#2

mobile data usage in the world

Talent pool


28%

growth of employed specialists in IT sector

62%

of 25-34 year olds know at least 2 languages

10%

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 Swedbank co-creation space or Latvian Fintech Report 2020 e-mail us to innovatetogether@swedbank.lv. To catch up with the latest events in Swedbank co-creation space, follow the Swedbank Latvia Facebook page.

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