We are excited to announce the closing of an investment round of 150,000 EUR by Change Ventures, the seed stage venture capital firm that backs Baltic founders, led by Andris K. Berzins, co-founder of TechHub Riga and veteran entrepreneur and startup executive. Our excitement comes primarily from having the chance to work with the Change Ventures team, which also includes Rait and Yjro Ojasaar. They are experienced in helping early-stage startups grow to become sustainable enterprises. Most of t
For Nordigen, PSD2 is a massive opportunity. The new directive will allow private individuals to share their account information with lending institutions seamlessly, which means that lending institutions will have more data to make a fair credit decision. However, lenders are already struggling to figure out how to make the most of this new data to stay ahead in what will become an even more competitive lending market. At Nordigen we have a proven solution, packaged in a simple API. We identify risk-critical information and individual behaviour in bank account transaction data — automatically and with high precision.
Today we work with more than 30 credit institutions across 12 countries with partners including Citadele Bank (American-owned bank in the Baltics), IPF Digital (part of the UK-based International Personal Finance plc.) and Prestamos Prima (co-owned by Finstar Financial Group). Our head office is located in Riga, Latvia. We are looking for ambitious and driven sales people, as well as top Python back-end developers. If you are interested to join our ambitious and mission-driven team, let us know: firstname.lastname@example.org.
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In recent years, tech giants like Apple, Google and Amazon have started planting flags in the financial sector, intruding on traditional financial institutions. Facebook is finally joining the race with Libra, its digital currency described as a “simple global currency and infrastructure that empower billions of people.”
As a society, we are gradually moving away from paper cash, increasingly gravitating towards alternative digital payment methods - contactless-cards, cryptocurrency, mobile and wearable technology. Regulatory driven initiatives like EU's PSD2 and UK's Open Banking are propelling financial innovation and enabling the emergence of new products and services.