TLDR:
- Riga-based fintech startup inGain raises €650k in funding from Trind VC, Fiedler Capital, Latvian Business Angels network, and business angels.
- inGain offers a no-code SaaS loan management system to enable companies to offer lending solutions to their customers.
Riga-based fintech startup inGain has secured €650k in funding from venture capital funds Trind VC and Fiedler Capital, as well as from the Latvian Business Angels network and several business angels. This investment marks the first publicly announced funding in Latvian startups this year. inGain provides a no-code SaaS loan management system for fintech companies and businesses looking to offer lending to customers.
The startup aims to address the challenge of traditional banks not being able to provide lending solutions for specific products. By offering a no-code SaaS solution, inGain allows companies in various industries to make their products more accessible through lending. For example, inGain highlighted a situation where a store chain in Switzerland wanted to offer piano leasing to customers buying expensive musical instruments like pianos, where traditional banks were not equipped to provide leasing options for such products.
inGain plans to utilize the funding to finalize development on a no-code self-service platform that will enable companies to create customized lending tools based on their products and specific requirements. The investors expressed confidence in inGain’s product and team, noting the disruptive potential in the market due to the outdated nature of existing solutions.
