Latvia Takes a Major Step Forward With Official Fintech Strategy Approval

Today marks a significant milestone for the Latvian fintech ecosystem as the Cabinet of Ministers has officially approved the Latvia Fintech Strategy, a comprehensive roadmap designed to strengthen the country’s position as a competitive hub for financial technology innovation.

This achievement reflects strong collaboration between the public sector and industry stakeholders, coming together with a shared commitment to working toward sustainable growth, global competitiveness, and an environment that supports both founders and investors. Leadership on this initiative came from the Ministry of Finance of the Republic of Latvia, with active participation and support from Latvijas Banka, the Ministry of Economics, the Investment and Development Agency of Latvia (LIAA), the Finance Latvia Association, the Latvian Blockchain Association (LBAA), and the Fintech Latvia Association.

The strategy lays out a vision for coordinated action and targeted support that will guide policy, regulation, talent development, and ecosystem growth beginning in 2026, when implementation officially starts. With this strategy in place, stakeholders from government, industry and civil society will work together to streamline regulatory processes, boost innovation, attract investment, and expand opportunities for startups, scaleups and global fintech players.

The approval of the Fintech Strategy is a strong signal that Latvia is serious about becoming a leader in financial technology, fostering collaboration, building resilient digital infrastructure, and creating a fertile environment for long‑term innovation. It also positions the country to better compete for talent and capital in a rapidly evolving global fintech market.

This is a moment to celebrate for the Latvian fintech community and a powerful example of what can be achieved when multiple public and private partners unite behind a shared vision for growth and transformation.