News by tag "Capitalia"
The surrounding anxiety and suspense about the potentially upcoming crisis can quite easily initiate a stressful environment for any company. Fear of increasing invoice expenses, inflation, and the war nearby make the investors act more cautiously when planning next year’s budget and expansion plans. However, the probability of a crisis, if the company is well-prepared, is also an opportunity. There are numerous options for how a company can use additional financing to prepare for a more stable future.
Capitalia invests EUR 150,000 in a Danish start-up Scratcher together with a Finnish venture capital fund Innovestor. Scratcher.io is a marketing company, which uses gamification elements to turn the industry upside down.
Capitalia invests EUR 150,000 in a Lithuanian startup Aispeco in its seed financing round led by a Finnish venture capital fund Superhero Capital.
Latvian startup Aerones attracted seed investment of USD 9 million to develop robotic services for wind energy operators in the whole world.
During the last few months with the geographically close war activities and price increases, companies ofter find themselves in financial difficulties which cause payment delays. Before starting cooperation with a new business partner, it is important to verify that the client will pay on time. How to avoid potentially late debtors?
Capitalia invests EUR 300,000 in a Swedish startup Favro and joins a group of investors in the SEED round led by Practica Capital. Favro is a work platform for collaborative planning that has attracted significant traction from leading companies around the world.
In May 2022, Capitalia investment fund Co-Investment Fund purchased shares of Estonian unicorn Bolt in the total amount of EUR 300,000, that way becoming the first fund in Latvia to invest in this company.
Capitalia business loans co-financing platform (P2B) has been operating since the end of 2017 financing projects with a closed network of investors. Starting from 2022, Capitalia has made a decision to open its platform for all interested investors.
Capitalia encourages companies to think about and implement good environmental, social and corporate governance (“ESG”) standards. That is why already since 2018 ESG factors have been important components of Capitalia’s scoring and pricing for financing small and medium businesses in the Baltic countries
The fast-growing Lithuanian start-up Rocketo, which produces and sells organic dog food, received EUR 200 thousand. venture debt. This is the first transaction of its kind where a venture debt is provided to a start-up by a local financier operating in the Baltic States. According to experts, this is a significant event for the Lithuanian, Latvian and Estonian start-up ecosystem, which opens up new financing opportunities for fast-growing start-ups, and at the same time provides a greater competitive advantage.
Capitalia expands its operations in the investment field by becoming an alternative investment fund management.
Year 2019 has been a dynamic one for Capitalia. We have issued a new record of EUR 20 million of loan and venture capital financing to small and medium businesses in the Baltic States. In addition, we have been the first alternative financing provider in the region to receive European compliance certificate for good code of conduct lending practices. So before jumping in the ambitious plans for the year 2020 let’s take a look how did the last period look in numbers.
In the first half of 2019 Capitalia reported turnover of EUR 607 thousand and profit of EUR 116 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.
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 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
In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 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, 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.