FIS.solutions is a Riga-based IT services firm that provides a customizable no-code lending SaaS. Its out-of-the-box loan management system enables companies to automate the full lending lifecycle while tailoring the solution to individual products or services. The firm raised €250,000 in an investment from Expansion Capital. FIS.solutions will use the capital for additional hiring. Expansion Capital said it focuses on export-oriented, high-growth companies and noted FIS.solutions' proven track record in the global lending market. CEO Armands Liseks said market consolidation has led lenders to spend 10–20% of revenue on IT, making it harder for new players to enter and pushing costs onto consumers.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2023