Alternative finance market size in Latvia 2015-2020
Alternative finance includes the funding of individuals, businesses and other entities outside of the traditional capital markets and banking systems. These include but are not limited to peer-to-peer lending, balance sheet lending, invoice trading, debt based securities and mini bonds as well as investment and non-investment based crowdfunding. The total value of alternative financing in Latvia during 2020 was 237 million U.S. dollars. Latvia also has one of the highest per capita value for alternative finance in Europe.