A new alliance between Latvian alternative investment platforms has launched, aimed at boosting transparency and innovation in the industry.
Six firms – Lande, Indemo, ViaInvest, Nectaro, Debitum Investments and Twino – have joined forces on the new initiative, with a focus on supporting efforts for a unified regulatory framework.
“As licensed platforms under MiFID II and ECSPR, we share a strong commitment to operating within a regulated framework that ensures transparency, accountability, and investor protection,” the six firms said in a joint statement. “We believe regulation is key to creating a secure and sustainable financial ecosystem – one that benefits investors, businesses, and the broader economy.
Read more: Twino’s property business reports profit
“As proponents of regulation and supervised operations, we recognize the significant risks posed by platforms operating in unlicensed or grey areas. One of our key priorities is to encourage the transition of the P2P and alternative investments industry into a fully regulated and supervised framework, establishing a level playing field with uniform rules for all participants.”
The six platforms have collectively attracted 143,000 investors from across Europe and financed more than €1.8bn (£1.5bn) in projects, spanning real estate debt, agriculture, consumer finance and business loans.
The firms heralded “Latvia’s progressive approach to fintech”, noting the Bank of Latvia’s “balanced regulatory framework that supports both oversight and growth”.
Read more: Debitum adds new originator
“Meanwhile, organizations like the Investment and Development Agency of Latvia and the Fintech Latvia Association play a crucial role in promoting our sector on the global stage,” the firms added. “Their support enables us to participate in international events, showcase Latvian fintech innovation, and build stronger connections with investors across Europe.”
The firms said that the alliance is “a statement of shared values and commitment”.
“We believe that by working together, we can set new benchmarks for trust, transparency, and innovation in the fintech industry,” they added.
“As a group, we aim to inspire confidence in investors and demonstrate the benefits of a regulated, secure investment environment. Our combined strength ensures that we are ready to meet the challenges of a rapidly changing market while continuing to deliver value to our investors.”
Read more: EuroCrowd names new non-executive board
