Market Insights Financial Capital Raising

Digital Capital Raising - Latvia

Latvia

The country in Latvia is expected to see the total transaction value in the Digital Capital Raising market market reach US$6.3m by 2024.
In 2024, MarketMarketplace Lending (Consumer) is anticipated to dominate the market with a projected total transaction value of US$4.4m.
When compared globally, it is evident that the highest cumulated transaction value is achieved the United States, amounting to US$35,370m in 2024.
Latvia's digital capital raising market is gaining momentum with increasing investor interest and innovative fundraising platforms.

Key regions: Brazil, Germany, United States, United Kingdom, China

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Analyst Opinion

The Digital Capital Raising market in Latvia has been experiencing significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Latvia have shifted towards digital capital raising methods due to their convenience and accessibility.

Investors are increasingly turning to online platforms to find investment opportunities, as these platforms offer a wide range of investment options and allow for easy comparison and analysis. Additionally, digital capital raising platforms often provide investors with the ability to invest smaller amounts, making it more accessible to a wider range of individuals. Trends in the market have also contributed to the growth of the Digital Capital Raising market in Latvia.

The rise of crowdfunding platforms has provided a new avenue for entrepreneurs and small businesses to raise capital. These platforms allow individuals to invest in projects or businesses they believe in, and in return, they may receive equity or other forms of compensation. This trend has democratized the investment process and has allowed for a greater diversity of investment opportunities.

Local special circumstances in Latvia have also played a role in the development of the Digital Capital Raising market. The country has a vibrant startup ecosystem, with many innovative companies emerging in recent years. These startups often rely on digital capital raising methods to fund their growth, as traditional funding sources may be limited.

Additionally, the government has implemented supportive policies and regulations to encourage investment in startups, further fueling the growth of the Digital Capital Raising market. Underlying macroeconomic factors have also contributed to the growth of the Digital Capital Raising market in Latvia. The country has experienced steady economic growth in recent years, creating a favorable environment for investment.

Additionally, low interest rates have made traditional investment options less attractive, leading investors to seek alternative avenues for capital growth. The Digital Capital Raising market offers the potential for higher returns on investment, attracting both domestic and international investors. In conclusion, the Digital Capital Raising market in Latvia has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

The convenience and accessibility of digital capital raising methods, the rise of crowdfunding platforms, the vibrant startup ecosystem, and favorable macroeconomic conditions have all contributed to the development of the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.