Latvia’s Fintech Sector Booms as Crypto Era Dawns
Latvia's fintech industry now contributes over €90 million annually in tax revenue, with 130 firms generating €400 million in turnover. The sector employs 3,600+ professionals in the Baltic nation of 2 million people.
The growth coincides with Europe's MiCA licensing rollout, positioning Latvia as an emerging hub for financial innovation. Fintech Breakfast discussions at RTU Riga Business School highlighted the sector's potential to attract foreign investment.