Fintech is becoming more and more popular among startups. The main reason - it is hard to imagine our everyday life without fintech services. They can really make our life easier. Recent study by Latvian Alternative Financial Services Association shows that 20% of all residents in Latvia use at least one fintech service.Rietumu FinTech Challenge 2017 will be great opportunity for fintech startups to get visibility and advices from industry experts. The participants will be mentored by bank and finance professionals as well as have a good opportunity to meet new partners, investors and pitch their ideas to judge panel.
Goal of the Latvian Startup Association 'StartinLV' is to boost local startups’ growth by ensuring favorable conditions for starting and growing business in Latvia. Association currently sees the opportunity and necessity to support fintech startups due to huge interest in the field. It is going to be possible now in cooperation with Rietumu Bank that has been active supporter of local fintech startup programs for already two years.