P2P Lending in Latvia: 15 Best Platforms Ranked (2026)

Local platforms in Latvia

Latvia’s local platforms are in the ranking above, not in a separate list below it. Mintos, Europe’s largest P2P marketplace, is Latvian, and so are TWINO and VIAINVEST, which package consumer loans into notes, Nectaro, which packages mostly business loans to its own group’s companies, Debitum, which mostly sells notes of forestry-land companies, and LANDE, where investors lend directly to farmers, mostly against land and machinery. What the rest of Europe invests on cross-border, Latvian investors have at home.

Every platform in this ranking accepts Latvian investors, and for the Latvian platforms that means investing under home supervision rather than a foreign regulator’s. Indemo, a Riga-based investment firm selling notes on discounted Spanish mortgage debt, hasn’t been through our review process, and the ranking carries only platforms we have reviewed. The three strongest are Mintos, Go & Grow, and VIAINVEST.

Euros, with no conversion step

The platforms in this ranking operate in euros, and Latvia is in the eurozone. Funding an account is an ordinary SEPA transfer from a Latvian bank, with no currency conversion anywhere in the chain.

Returns arrive in euros too, so what you see in this ranking is what you measure at home. The exchange-rate exposure that non-euro investors carry doesn't apply.

Regulation in Latvia

Latvia licenses and supervises P2P lending platforms through Latvijas Banka, its central bank and financial supervisor. A platform licensed under MiFID II or the EU crowdfunding regime answers to its home-country regulator, and that licence passports across the EU. Most of this ranking answers to regulators elsewhere or to no financial supervisor at all, but for the Latvian platforms the home-country regulator is Latvijas Banka itself — every MiFID II investment firm on the list holds its investment-firm licence there, and LANDE its crowdfunding licence.

11 of the 15 hold a MiFID II or ECSP licence, and crowdfunding licences can be checked in ESMA's register. The other 4 operate unregulated, which our Safety dimension prices in.

P2P investments sit outside the €100,000 bank deposit guarantee, and no scheme anywhere covers loans that default. The 5 MiFID II platforms in this ranking (Mintos, VIAINVEST, Nectaro, TWINO, and Debitum) are members of national investor compensation schemes under EU Directive 97/9/EC, which pay up to €20,000 if the firm itself fails to return your instruments or cash. An ECSP licence brings conduct rules but no compensation scheme, and the unregulated platforms carry neither.

How P2P returns are taxed in Latvia

Latvian tax residents pay a flat 25.5% on P2P interest, the personal-income-tax rate on income from capital, with a further 3% on the portion of total annual income above €200,000. Interest is reported and taxed through the annual income tax return unless it comes from a Latvian payer that has already withheld the tax at source, per PwC’s Latvia tax summary.

Mintos, TWINO, VIAINVEST, and Debitum withhold the full 25.5% from Latvian residents’ interest on their notes, per their own tax terms, so that income arrives with the Latvian tax already taken at source. The 3% surcharge isn’t withheld, so an investor whose total annual income passes €200,000 settles it in the annual return. 7 of the 15 platforms in this ranking withhold nothing at their end — the Latvian LANDE among them — and their interest goes in the annual return. The per-platform withholding row sits in each review’s fee table.

Savings-style products that pay their return as the price at which they buy back the loan claims you hold may be taxed differently, so check that treatment with the State Revenue Service or an adviser.