Author "Capitalia"

Capitalia unaudited interim financial statements for Q1, 2019

In the first quarter of 2019 Capitalia reported turnover of EUR 296 thousand and profit of EUR 54 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.
Tags: investors

Capitalia unaudited interim financial statements for 2018

In the year of 2018 Capitalia reported turnover of EUR 716 thousand and profit of EUR 37 thousand. In accordance to the strategy, the Company has continued to decrease its overall assets that were EUR 2,205 thousand at the end of the reporting period, while total loans under management increased and stood at EUR 5,897 thousand.

Capitalia concludes a EUR 10 million agreement with European Investment Fund

Capitalia and the European Investment Fund (EIF) have signed an agreement on a guarantee instrument supporting small businesses in Latvia, Lithuania and Estonia, for a total amount of EUR 10 million. With this guarantee, small businesses will get better access to finance. The agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, and by the Employment and Social Innovation (EaSI) programme

Capitalia unaudited interim financial statements for Q2, 2018

In the first half of 2018 Capitalia reported turnover of EUR 597 thousand and profit of EUR 55 thousand. In accordance to the strategy, company has decreased its overall assets that were EUR 3,540 thousand at the end of the reporting period, while total business loans under management increased and stood at EUR 5,624 thousand.
Tags: investors

Capitalia Financial Statement Release Capitalia unaudited interim consolidated financial statements for year 2017

In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 2016.

Capitalia interview with blog

Capitalia has been interviewed by a blog specializing in reviewing and introducing various peer-to-peer investment opportunities. In the interview we describe our history and opportunities of investment in our loans that are sold through marketplace platform

Capitalia has over EUR 3 million of loans to businesses

During the year 2015 Capitalia has issued over 3 million of loans to small and medium sized businesses in the Baltic States. The financing offered by the company was used by 237 companies. Average issued loan amount to one company was EUR 9 000 while average term was 12 months. Most business loans were issued to companies in retail and manufacturing industries. Notably, most of the clients have been companies from the regions.

AS Capitalia expands cooperation with marketplace platform Mintos

Investors are offered to invest in invoice backed short-term loans.

From today, February 4, marketplace platform Mintos will offer to its investors an opportunity to invest in AS Capitalia loans that are backed by issued but yet unpaid invoices. This enables to invest in invoices that small and medium sized companies have issued to largest enterprises in the Baltic States.

Capitalia starts financing small and medium sized businesses also in Estonia

Capitalia, represented in NASDAQ Riga stock exchange, is the leading alternative financing provider for small and medium enterprises in Latvia and Lithuania. It offers modern and simple loans to businesses that often are overlooked by the traditional banking sector. To date Capitalia has financed working capital and investment needs of more than 500 enterprises investing over EUR 12 million. From January 2016 company has obtained necessary permits and will start servicing clients also in Estonia.

Capitalia launches innovative financing product for small and medium enterprises – invoice purchasing

From today JSC Capitalia will provide new finance product for small and medium enterprises – invoice purchasing. Invoice purchasing is an easy and convenient way for businesses to improve cash flow and increase working capital. With this product companies can sell their issued invoices for goods or services and receive payment already on the following day. This new and innovative financing product is a modern alternative to traditional factoring provided by commercial banks.

Capitalia has a new office address

Starting from September, Capitalia office will be located on Brivibas street 40, 4th floor.

Our new address is:

JSC Capitalia
Brivibas street 40-35
LV-1050, Riga, Latvia

Now everyone can invest in SME in Latvia

Starting from 23rd of July, 2015., loans issued by Capitalia are available on Mintos marketplace and each and every investor can invest in small and medium enterprises in Latvia. The minimum investment is EUR 10.

Capitalia Bonds Listed on Nasdaq Baltic Market

As of November 3, 2014 Capitalia, AS bonds are listed on the Nasdaq Baltic Bond list by Nasdaq Riga. According to the issue terms, trading will be possible with so far issued 1 000 bonds with the total nominal value of EUR 1 million.

Microloan client Versse: Cooperation with Capitalia is open, simple and professional.

We are happy to have clients from various business sectors, who share their observations about our business financing products. We believe that it will be interesting and useful to our existing and future customers.

Capitalia microloan advantages or a couple of reasons why to choose Capitalia financing

Capitalia financing is a good option for companies to whom traditional business loans are not available or suitable. Here you can find a short comparison of Capitalia microloan and traditional business loan.

Capitalia signs agreement to manage microlending portfolio with state aid

Capitalia signs agreement with the Latvian Guarantee Agency and expands financing product portfolio introducing microloan with state aid. The program provides lower interest rate and commission fee, and offers loans for longer term than the standard Capitalia microloan. The state aid program is designed to improve the financing availability to small and medium companies

Capitalia expands financing product portfolio and introduces factoring.

Capitalia offers new financing product - factoring - financial transaction based on invoices that are pledged as collateral. It is a widely used type of loan among wholesalers and manufacturers, and now it is available also to small and medium companies that cannot apply for bank financing.

Capitalia registers change of the legal status to Joint stock company

Capitalia has registred change of legal status from Limited Liability company (SIA) to Joint stock company (AS). This is another step in the company development which as well closes merger process with two Limited Liability companies – Poscredit and Rinovus.

Laboratory of Entrepreneurship Capitalia award

For the second year in a row the Entrepreneurship course at the Stockholm School of Economics in Riga has a new frame. It is called the Laboratory of Entrepreneurship and designed so that students during the course develop a real business idea and present it to investors for evaluation.
Tags: start-ups

Capitalia participates in the annual Latvian Venture Capital Association closing event

On the 17th of December Latvian Venture Capital Association (LVCA) held the annual closing event. This time the event was especially remarkable because of the 10th anniversary of the association. LVCA Board member and former chairman of the moard, manager of the leading SME financing company in the Baltics Capitalia, Juris Grišins: “Venture capital in our country is still rather under-developed and for the next ten years we have to work hard until it takes stable and self-sufficient role in the Latvian financial system."

Microloan customer story - manufacturing company "Šiluma ir ko"

Private entity ŠILUMA IR KO is producing storage tanks and bulk water heaters. Company is continuously expanding and has competitive adventage by supplying high quality products at attractive prices.

Business loan availability in Lithuania

Even though banks’ lending policies are getting milder and business loan portfolio size is forecasted to continue increasing, many companies will still not qualify for bank or credit union loan. In previous survey of commercial banks by Bank of Lithuania results revealed expected increase in demand for business loans of 38%; however portfolio grew only by 2%. Furthermore current survey shows that increase in demand is going to be even bigger for next period and is estimated at 60%. As a result business loans portfolio will be increasing; however big part of this demand will not be satisfied by banks and credit unions.

POS credit customer story - cafe "Pasēdēt"

SIA “Sviestmaize” (sandwich in English) co-owner Edgars Runcis did not choose the name of his company at random – his first business in 2009 was indeed the sandwich business.

Four years in a row Capitalia supports Nordea business school for startups „From idea to investor”.

„From idea to investor” is a practical education program for young entrepreneurs. Capitalia supports Nordea business school participants by sharing its financial expertise.
Tags: start-ups

Capitalia presentation at the conference "Development challenges in Latvia 2020"

Capitalia manager Juris Grišins participated in the conference organized by Ministry of Economics representing Latvian Venture Capital Association and presenting overview on alternative financing issues in Latvia.

The presentation reviews the current situation and the future perspectives of business microlending, mezzanine and venture capital sectors. For entrepreneurs interested in business financing there is relevant information mentioned in the presentation about the alternative investment providers in Latvia. The main finding from the presentation says that the financing for businesses is still difficult to access and to stimulate the availability further and continuous government support is necessary.

Capitalia supports competition “Commercialization of sustainable business idea”

Competition “Commercialization of sustainable business idea” took place on February 21 at the premises of Riga State Gymnasium No 2. Representative of Capitalia Ģirts Tihomirovs participated in the jury by evaluating business idea presentations and advising pupils about further idea realization process. Capitalia gave a special award to a team from Preiļi State Gymnasium that presented idea about manufacturing wooden toys.
Tags: start-ups