Israeli-founded fintech company Fibonatix has reached an important milestone in Latvia, as SIA Fibonatix (LV) has received a licence from Latvijas Banka to operate as a payment institution. The licence allows the company to provide payment acceptance services to merchants, strengthening Latvia’s position as an attractive European base for fintech companies looking to grow across the Baltic region and wider European market.The project is also a practical success story for Latvia’s investment…
Israeli-founded fintech company Fibonatix has reached an important milestone in Latvia, as SIA Fibonatix (LV) has received a licence from Latvijas Banka to operate as a payment institution. The licence allows the company to provide payment acceptance services to merchants, strengthening Latvia’s position as an attractive European base for fintech companies looking to grow across the Baltic region and wider European market.The project is also a practical success story for Latvia’s investment attraction efforts. In the coming years, Fibonatix’s planned investment in Latvia may reach up to EUR 1 million, with an initial team of five employees expected to begin work in Riga. The company’s decision to develop its presence in Latvia highlights…
