Latvian startup inGain has raised EUR 650,000 in funding to enhance its no-code SaaS loan management system, catering to fintech and other businesses seeking to facilitate lending solutions.

Target Information

The Latvian startup inGain has successfully raised EUR 650,000 in a funding round led by Trind Ventures, with participation from Fiedler Capital, the Latvian Business Angels Network, and several individual business angels. This marks the first publicly disclosed investment in Latvian startups this year. inGain specializes in providing a no-code Software as a Service (SaaS) loan management system tailored for fintech companies and other businesses aiming to extend lending capabilities to their customers.

inGain delivers innovative lending solutions for varying sectors, targeting traditional lenders, fintech platforms, SME lenders, crowdfunding initiatives, and businesses outside of finance seeking to develop and scale their financial products. Their platform allows companies to streamline their operations without the complexities associated with IT management. The system is designed to handle both secured and unsecured installment loans and credit lines, along with subscription and rent-to-own models, catering to consumers and businesses through both online and offline channels, accepting payment via cash or bank transfers.

Industry Overview

The fintech industry in Latvia is witnessing significant growth, driven by increasing digitalization and a shift towards innovative financial solutions that cater to the evolving needs of businesses and consumers. As the sector modernize