Riga-based B2B fintech company inGain has raised €650,000 in funding from Trind Ventures, Fiedler Capital, and Latvian Business Angels Network.
- inGain was co-founded in 2011 by Armands Liseks, Kristaps Veinbergs, and Juris Čirkovs. The startup offers a no-code SaaS loan management system that enables lenders and companies across various sectors to launch and scale lending and financial products.
- As the startup says, the main idea behind inGain is to allow businesses to focus on their core activities, not IT management. So, its product strategy is centered on implementing no-code features to allow business users to easily customize how the system operates.
- The investment was backed by Trind Ventures, a Tallinn-based venture capital firm that funds European software startups with entry tickets ranging between €100,000 and €1 million.
“We have invested in a great product with a sound team behind it. The inGain team has an extensive background in the industry, and they understand the customer pain points exceptionally well. When reviewing the product, we were impressed by how extensive the product was and how the team has been able to transform something that is generally done as custom development into a no-code SaaS solution,” Partner at Trind Ventures, Reima Linnanvirta, stated.
- Hungarian Fiedler Capital, and Latvian Business Angels Network, a network of angel investors funding Latvian startups, also participated in the round.
- The fresh capital will help inGain to finish working on its no-code self-service platform, which aims to empower companies to create customized lending tools without needing to code.
