Latvian fintech startup FIS.solutions has secured a €250,000 investment from Expansion Capital to enhance its no-code loan management system and expand its team, aiming to revolutionize the lending process.
Target Information
FIS.solutions is a Latvian fintech startup that is redefining what it means to be a financial technology company. With a vision to create a complete no-code loan management system (LMS), FIS.solutions has recently secured an investment of €250,000 from Expansion Capital. This funding will play a critical role in the company’s strategy to enhance its LMS, making it accessible to lending firms and startups lacking in-house IT capabilities.
The LMS developed by FIS.solutions will empower companies to automate their entire lending process while allowing customization for specific products or services. The investment will also facilitate a significant expansion of the FIS.solutions team, ensuring that their clients can quickly launch new financial products without the lengthy delays often associated with traditional IT development.
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Industry Overview
The fintech industry in Latvia has experienced significant transformation over recent years, driven by the increasing adoption of software-as-a-service (SaaS) solutions. Traditionally, the prevailing notion was that organizations had
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Expansion Capital
invested in
FIS.solutions
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $0M