POS Finance, a Latvian fintech startup founded in 2024, has raised €140,000 in an extended pre-seed round from the Latvian Business Angels Network (LatBAN). The company provides revenue-based financing for small and medium-sized enterprises, allowing repayments tied to a percentage of a business’s weekly turnover instead of fixed monthly payments. This model is supported by open banking technology, enabling data-driven lending decisions and ongoing risk monitoring. The funding is intended to support further product development, scaling of operations, and regional expansion into additional European markets.
Founded in 2024, POS Finance focuses on providing revenue-based financing solutions for small and medium-sized enterprises. Founded by a team with extensive experience in finance, technology, and entrepreneurship, the company aims to offer financing options that adjust to the cash flow realities of growing businesses. Its model links loan repayments to a percentage of weekly turnover, supported by open banking technology to facilitate data-driven credit decisions and risk monitoring. POS Finance’s leadership includes professionals with backgrounds in lending, compliance, and technology development, who work together to develop practical solutions for Latvian businesses.
“In my 20+ years in SME and consumer finance, I’ve seen how traditional lending models often fail to meet the needs of growing businesses,” said Inga Pinka, CEO and Co-founder of POS Finance. “With our revenue-based model, we’re offering a smarter, fairer alternative that grows with the company. The LatBAN investment will allow us to scale our operations, improve our tech stack.”
POS Finance’s founding team includes top talent in fintech and banking, including Inga Pinka (CEO), 20 years in finance and lending (ex Citadele, DelfinGroup), Santa Sauliņa (COO), a compliance and licensing expert in the FinTech space (ex Swedbank and Latvijas Banka), and Aleksandrs Popovs (CTO), 25 years of experience in payment and identity solutions (ex Decta and X-Infotech).
Ansis Spridzāns, Board Member at LatBAN & ASP Asset Management commented: “POS Finance brings together a strong, execution-driven team and a clear, timely value proposition. Their product is not just about lending—it’s about technology and the out-of-the box mindset behind making lending decisions. The open banking integration, opportunities provided by access to large amounts of cash flow data and repayment flexibility signal a clear direction for the future of SME lending.”
The funding will be used to scale operations, continue building an automated scoring engine, and issue new loans to customers in Latvia and future markets.
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Read the orginal article: https://arcticstartup.com/pos-finance-raises-e140k/
