Capitalia
Capitalia is a Riga-based, ECSP-licensed European crowdfunding platform founded in 2007 that matches Baltic and Finnish SMEs seeking €10K-€1M business loans with 2,200+ retail and professional investors, having cumulatively deployed over €117M into 5,000+ businesses via proprietary credit scoring.
- Company typePrivate
- Founded2007
- HeadquartersRiga, Latvia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Capitalia does
Capitalia is a Riga-headquartered, licensed European crowdfunding platform founded in 2007 that operates an alternative-finance marketplace connecting Baltic (and, since 2024, Finnish) SMEs seeking growth capital with retail and professional investors seeking yield. Its core offering to businesses is a business loan product ranging from €10,000 to €1,000,000 with terms up to 5 years at interest rates of 8-24% (weighted average ~11.66%), supplemented by invoice purchasing, venture capital co-investment, advisory for transactions above €2 million, and specialised EIF/Altum-guaranteed microenterprise loans. On the supply side, the platform serves 2,224+ registered investors who can deploy capital from €200 per project into SME loans, with an average net return of 10.52% and a weighted loan loss rate of 1.74% (Feb 2026), automated via an Auto-Invest engine and settled through a Lemonway-powered investment wallet. Underpinning the marketplace is a proprietary credit risk scoring model that evaluates 100+ borrower characteristics and assigns risk grades A+ to E, supplemented by a buyback guarantee on defaulted loans and rules-based loan provisioning.
The business is structured under a 2023-reorganised holding (Capitalia Investment Holding AS) with two operating subsidiaries: Capitalia SE (the ECSP-licensed crowdfunding service provider) and Capitalia Fund Management AIFP SIA (a Bank of Latvia-registered alternative investment fund manager running feeder, co-investment, and bond funds). Capitalia generates revenue primarily through transaction-based arrangement fees of 1-5% of loan value, recurring monthly servicing fees of 0.08-1% of outstanding principal, fund management fees on AIFs, and ancillary fees (late-payment interest retention, withdrawal fees, advised-account profit-share). Distribution is a mix of direct inside sales (personal financial advisors per SME client), self-serve investor onboarding, and partner channels (Ambassador and Introducer programmes). Since receiving its ECSP license in 2023, Capitalia has reached €117.5 million cumulatively invested in 5,000+ businesses across Latvia, Lithuania, Estonia, and Finland; FY2025 turnover was €1.89 million, growing >13% year-on-year, with a March 2026 €15 million EIF/InvestEU guarantee facility marking the first such backing for any European crowdfunding platform.
Capitalia firmographics
Firmographics- Name
- Capitalia
- Legal name
- Capitalia, SE
- Website
- https://capitalia.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Capitalia is a Riga-based, ECSP-licensed European crowdfunding platform founded in 2007 that matches Baltic and Finnish SMEs seeking €10K-€1M business loans with 2,200+ retail and professional investors, having cumulatively deployed over €117M into 5,000+ businesses via proprietary credit scoring.
- Ownership category
- akta.pro rank
Capitalia industry classification
Industry- Product category
- Alternative SME Lending
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Sales Financing (52222)
- SIC
- Loan Brokers (6163), Investment Advice (6282)
- akta.pro primary industry
- SME Term Loans & Growth Capital (FSAKAGAB)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)
Keywords
Where Capitalia is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices4 records
Markets served
Capitalia business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Loan Arrangement Fees: Capitalia charges companies a success fee of 1-5% of the loan amount for successfully funded transactions. This is the primary revenue stream from the crowdfunding platform operations.
- Loan Servicing/Management Fees: Monthly management fee added to interest payments, ranging from 0.08% to 1% per month of the outstanding principal amount. Also includes project management fees of 2.5% to 7% p.a. of remaining loan balance.
- Late Payment Interest: Capitalia withholds 75% of late interest paid by delinquent borrowers to cover costs associated with dealing with late loans.
- Fund Management Fees: Capitalia Fund Management AIFP manages alternative investment funds including venture capital and bond funds for professional investors. Revenue comes from fund management fees on managed assets.
- Account Service Fees: Fees for investment account services including advised account service (10% of profit) and withdrawal fees (EUR 3 per withdrawal after 2 free per month).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | One time/ perpetual license | Financing arrangement fees: 1-5% from loan amount |
| Usage-based | Monthly | Loan servicing fee: 0.08%-1% per month |
| Unit Pricing | Monthly | Annual interest rates: 8-24% |
| Freemium | Monthly | Free investor account with withdrawal fees |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Capitalia product offering
Product offeringCore offering
Capitalia operates a licensed European Crowdfunding Service Provider platform that matches retail and institutional investors with small and medium enterprises (SMEs) in the Baltic States seeking financing. On the borrower side, Capitalia originates and services business loans (EUR 10,000–EUR 1,000,000), invoice purchasing, venture capital investments and capital raising advisory. On the investor side, the platform enables direct loan investments in Baltic SMEs with automated portfolio tools and a range of alternative investment funds.
Product overview
Capitalia operates as a Baltic-based alternative financing platform offering two main service lines: (1) Business financing products including business loans (€10,000-€1,000,000), invoice purchasing, venture capital investments, and specialized loans backed by Altum guarantees and EIF/EaSI programs; and (2) An investor-facing crowdfunding platform enabling direct loan investments in Baltic SMEs with average 12.7% returns. The platform is complemented by alternative investment fund products (feeder funds, co-investment funds, bond funds) and automated investment tools including Auto-Invest and Investment Wallet via Lemonway. Advisory services for larger capital raising (€2M+) connect businesses with banks, venture capital, and bond markets. The company operates under ECSP license from Bank of Latvia.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Loan Medium-term financing for small and medium enterprises to fund working capital or investments. Loans range from EUR 10,000 to EUR 1,000,000 with terms up to 5 years. Serves as a supplement to bank financing or an alternative when banks cannot provide suitable terms.
- Invoice Purchasing Invoice purchasing product allowing businesses to sell issued unpaid invoices to Capitalia for immediate cash flow. Capitalia provides up to 100% of invoice value within the same working day. Invoices must have 15-90 day payment terms.
- Venture Capital Investment Equity capital investment in companies made together with business angels and venture capital funds. Targets companies seeking growth financing, typically in earlier development stages.
- Capital Raising Advisory Professional advisory service for business sale, expansion financing, buyouts, and refinancing. Helps companies attract suitable financing from banks, venture capital, business angels, or bond markets for amounts exceeding EUR 2,000,000.
- Crowdfunding Investment Platform European crowdfunding platform connecting investors with businesses seeking financing. Enables peer-to-peer lending to Baltic small and medium enterprises with average return of 12.7% and 0.07% loan loss rate. Minimum investment from EUR 200 per project.
- Altum Guarantee Loans Business loans backed by Altum guarantee from the Latvian government development finance institution. Offers more favorable financing terms for small and medium enterprises in Latvia registered and conducting business there.
- EaSI Microenterprise Loans Loans of up to EUR 50,000 for microenterprises in Lithuania, Latvia, and Estonia backed by European Investment Fund under the Employment and Social Innovation (EaSI) program. Target businesses with up to 9 employees and annual turnover not exceeding EUR 2 million.
- AIF Capitalia Feeder Fund Venture capital feeder fund currently at EUR 1 million size with 15% target return. Not currently accepting new investors.
- AIF Capitalia Co-investment Fund Passive strategy venture capital fund allowing investment alongside leading VC funds in the region. Investment ticket from EUR 25,000 with 15% target return.
- AIF Capitalia Bond Fund Bond fund investing in diversified portfolio of high-yield bonds issued by Baltic companies with target investment return of 8-10%.
Quantifiable outcome
- Average net return of 10.52% for investors (as of Feb 2026)
- +4 more outcomes
Companies that use Capitalia
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles4 records
Capitalia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature4 records
Capitalia partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- LemonwaycoreFrench payment institution (ACPR accredited, CIB 16568) providing Investment Wallet services for Capitalia's crowdfunding platform. Handles payment processing, fund transfers, and customer money segregation. Partner of Lemonway for European payment services.
- Luminor BankminorPartner bank for Capitalia's business operations, including banking services and reference bank for loan agreements.
- Latvijas BankacoreCentral bank of Latvia serving as the licensing and regulatory authority for Capitalia's crowdfunding service provider authorization and alternative investment fund manager registration.
Scale indicators16 records
Recent moves8 records
Expansion highlights6 records
Capitalia competitors and assessment
Company assessmentDirect peers
- Mintos: Latvia-headquartered global P2P lending marketplace connecting retail investors with loans originated by partner lenders across multiple asset classes. Direct competitor in the Baltic ECSP market with overlapping SME and consumer loan categories.
- Lendermarket: Ireland-domiciled P2P lending marketplace (operated by AISP regulated entity) offering investments in consumer and SME loans originated primarily by Creditstar and other European lenders. Comparable marketplace/investor platform model under EU regulation.
- Debitum Network: Latvia-licensed (originally) P2B lending platform for SME financing using invoice discounting and business loan products. Comparable in targeting SME borrowers and matching them with investors on a regulated marketplace.
- Twino (VIAINVEST): Latvia-based peer-to-peer lending platform offering investments in consumer and business loans originated by Twino Group. Direct Baltic competitor with similar investor base and ECSP-style business model.
Regional players
- Bondora: Estonia-headquartered consumer and SME P2P lending platform operating across Europe. Comparable marketplace model and Baltic origin, though larger scale and more consumer-loan weighted portfolio.
- Bulkestate: Estonia-based real estate crowdfunding platform offering investments in Baltic property projects. Adjacent Baltic crowdfunding peer using a similar ECSP-style marketplace for retail investors, but focused on real estate rather than SME loans.
- Crowdestate: Lithuania-headquartered real estate crowdfunding marketplace serving the Baltic region. Comparable ECSP-licensed platform with similar investor community dynamics, but property-focused rather than SME business lending.
- Fellow Finance: Finnish P2P lending platform for consumer and SME loans, listed on Nasdaq First North. Comparable ECSP-style marketplace model with overlap in Finnish SME borrowers and retail investor base.
Broad incumbents
- Funding Circle: UK-listed SME lending platform serving small businesses across the UK, US, and Europe. Broader incumbent with similar SME marketplace thesis and institutional funding partnerships, but much larger scale.
Others
- Altum (Development Finance Institution Latvia): Latvian state development finance institution providing loan guarantees and mezzanine financing to Latvian SMEs. Direct partner (and partial competitor) for guarantee-backed SME loans in the same Latvian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Capitalia social profiles
Digital presenceCapitalia compliance and trust
Trust signalCompliance5 records
Capitalia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capitalia leadership team
Management profileNumber of profiles
Profiles1 record
Capitalia subsidiaries and ownership
Company hierarchySubsidiaries1 record
Capitalia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capitalia M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capitalia
What does Capitalia do?
Capitalia operates a licensed European Crowdfunding Service Provider platform that matches retail and institutional investors with small and medium enterprises (SMEs) in the Baltic States seeking financing. On the borrower side, Capitalia originates and services business loans (EUR 10,000–EUR 1,000,000), invoice purchasing, venture capital investments and capital raising advisory. On the investor side, the platform enables direct loan investments in Baltic SMEs with automated portfolio tools and a range of alternative investment funds.
Is Capitalia a public or private company?
Capitalia is a private company. It is classified as management employee owned and is currently operating.
When was Capitalia founded?
Capitalia was founded in 2007. It employs 11 to 50 people.
Where is Capitalia based?
Capitalia is headquartered in Riga, Latvia, in the Europe region.
How does Capitalia make money?
Five revenue lines are on record. Loan Arrangement Fees are the primary driver. The others are loan Servicing/Management Fees, late Payment Interest, fund Management Fees and account Service Fees.
Who are Capitalia's main competitors?
Direct peers on record are Mintos, Lendermarket, Debitum Network and Twino (VIAINVEST). Regional players are Bondora, Bulkestate, Crowdestate and Fellow Finance. Funding Circle is listed as a broad incumbent. Altum (Development Finance Institution Latvia) is listed as an others.
Does Capitalia have an API?
No public API is recorded for Capitalia.
What industry is Capitalia in?
Capitalia's product category is Alternative SME Lending. Its primary akta.pro industry code is FSAKAGAB, SME Term Loans & Growth Capital, with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523 and its SIC code is 6163.