The alternative finance market in Latvia has seen a considerable growth between 2015 and 2020, a trend that has been mirrored across Europe.
Alternative finance includes the funding of individuals, businesses and other entities outside of the traditional capital markets and banking systems. These include but are not limited to peer-to-peer lending, balance sheet lending, invoice trading, debt based securities and mini bonds as well as investment and non-investment based crowdfunding. The total value of alternative financing in Latvia during 2020 was 237 million U.S. dollars. Latvia also has one of the highest per capita value for alternative finance in Europe.
Alternative finance market size in Latvia from 2015 to 2020
(in million U.S. dollars)
Financial technology firms operating Crowdfunding, P2P/Marketplace Lending and related online capital raising activities.
Method of interview
Online survey
Supplementary notes
The source added the following information: "in 2020, the data sample includes 654 firm-level observations in Europe, 53 in China, 342 in APAC (excluding China), 205 in LAC, 76 in MENA, 191 in SSA, 72 in the US and Canada, and 67 firms in the UK."responsible for 519 unique data entries across 45 countries in Europe."
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Cambridge Judge Business School. (June 30, 2021). Alternative finance market size in Latvia from 2015 to 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1115293/europe-market-size-alternative-finance-latvia/
Cambridge Judge Business School. "Alternative finance market size in Latvia from 2015 to 2020 (in million U.S. dollars)." Chart. June 30, 2021. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1115293/europe-market-size-alternative-finance-latvia/
Cambridge Judge Business School. (2021). Alternative finance market size in Latvia from 2015 to 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1115293/europe-market-size-alternative-finance-latvia/
Cambridge Judge Business School. "Alternative Finance Market Size in Latvia from 2015 to 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 30 Jun 2021, https://www.statista.com/statistics/1115293/europe-market-size-alternative-finance-latvia/
Cambridge Judge Business School, Alternative finance market size in Latvia from 2015 to 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1115293/europe-market-size-alternative-finance-latvia/ (last visited December 26, 2024)
Alternative finance market size in Latvia from 2015 to 2020 (in million U.S. dollars) [Graph], Cambridge Judge Business School, June 30, 2021. [Online]. Available: https://www.statista.com/statistics/1115293/europe-market-size-alternative-finance-latvia/
