News category "Press releases"

Capitalia concludes a EUR 10 million agreement with European Investment Fund

22.02.2019
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 interview with blog Investitin.com

16.03.2017
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 Mintos.com.

Capitalia has over EUR 3 million of loans to businesses

11.05.2016
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

04.02.2016
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

26.01.2016
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 has a new office address

02.09.2015
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

23.07.2015
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

03.11.2014
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.

Capitalia registers change of the legal status to Joint stock company

18.03.2014
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

01.02.2014
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

27.12.2013
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."

POS credit customer story - cafe "Pasēdēt"

25.07.2013
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”.

18.06.2013
„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

Juris Grišins continues to represent Capitalia in the board of Latvian Venture Capital Association

10.04.2013
On 9 April 2013 the regular General Meeting of Latvian Venture Capital Association took place and the main issue on the agenda was reelection of the board.

With full support from other members, the representative of Capitalia Juris Grišins will continue to perform his duties of board for the next two years.

Our aim is to contribute and promote the development of venture capital and alternative investments (microloan and mezzanine) sector in Latvia. Furthermore we will continue to assist to the government institutions to identify flaws and develop according support program to avoid them.

During the General Meeting the board adopted Code of Professional Ethics and changed the name of the Association to Latvian Private and Venture Capital Association.

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

08.04.2013
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”

14.03.2013
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