Is Altero LT a public or private company?

Altero LT is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Altero LT founded?

Altero LT was founded in 2019. It employs 11 to 50 people.

Where is Altero LT based?

Altero LT is headquartered in Vilnius, Lithuania, in the Europe region.

How does Altero LT make money?

Two revenue lines are on record. Commission from Lenders are the primary driver. The others are insurance Product Referrals.

Does Altero LT have an API?

No public API is recorded for Altero LT.

Altero LT company profile: firmographics, business model, customers, competitors

Namestring

Altero LT

Legal namestring

UAB Altero LT

Websiteurl

altero.lt

Company typeenum

Private

Founded yearint

2019

Descriptiontext

Altero LT (legal entity UAB Altero LT, registration number 304896733) is a Lithuanian financial technology company operating a digital loan and insurance comparison platform headquartered at Spaudos g. 8, Vilnius. The platform allows consumers and small/medium enterprises to submit a single application and receive personalized offers from more than 30 partner lenders and insurance providers in Lithuania, covering consumer loans (€50–€35,000), car loans, refinancing, loan consolidation, and specialized purpose lending (solar panels, home renovation, healthcare), as well as business financing (working capital up to €5M, vehicle financing, real estate, factoring, agricultural loans, crowdfunding) and a suite of insurance products (MTPL, KASKO, travel, property, accident, liability, credit payment insurance via ERGO). Technology stack is a self-serve web platform with electronic contract signing via Smart-ID and Mobile-ID, Krediidiregister integration for bank statement retrieval, and standard analytics tooling (Google Analytics, Hotjar); no proprietary AI/ML models are disclosed. The group operates across all three Baltic countries (Latvia 2016, Lithuania 2019, Estonia 2020), founded by Arturs Kostins with ~40 employees and 32 personal financial consultants, and has facilitated more than €400M in loans across 330,000+ comparison users with a 4.90/5 Google Reviews rating across 2,167 reviews.

The business model is a free-to-consumer affiliate/referral model: Altero earns commission from lending partners on successful loan originations and from insurance partners (including Edrauda for general insurance intermediation and ERGO Insurance SE for credit payment insurance) on policy sales. Customer acquisition relies on a multi-channel digital strategy spanning SEO/content marketing, Facebook, Instagram, LinkedIn, YouTube, a content creator program, and promotional campaigns, with callback-based inside-sales support during business hours. The company is privately held, founder-led, and bootstrapped with no disclosed external funding rounds.

Short descriptiontext

Altero LT operates a free digital loan and insurance comparison platform in Lithuania, connecting consumers and SMEs with 30+ partner lenders and insurers via a single application, and earning referral commissions on completed transactions.

Operating statusenum

Operating

Ownership categoryenum

Headcount rangeband

11–50

akta.pro rankint

HeadquartersVilnius, Lithuania

HQ citystring

Vilnius

HQ countrystring

Lithuania

HQ regionstring

Europe

Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values

loan comparison platform, consumer loan brokerage, insurance comparison services, business financing marketplace, financial product aggregation

NAICS code2 codes

Agencies, Brokerages, and Other Insurance Related Activities5242
Sales Financing52222

SIC code1 code

Insurance Agents, Brokers & Service6411

Product category

Loan and Insurance Comparison Platform

Social media profiles4 records

GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records

1Commission from Lenders

TypeAffiliate Referral

Description

Altero receives referral commissions from lending partners when customers successfully obtain loans through the platform. The service is free for customers.

altero.lt

2Insurance Product Referrals

TypeAffiliate Referral

Description

Revenue generated from referring customers to insurance products through Edrauda partnership. Platform earns commissions on insurance policy sales.

altero.lt

Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Pricing details2 tiers

1Free comparison service for consumers

ModelFreemiumBilling cadencePay-as-you-go

Notes

No fees charged to customers. Consumer loan amounts from 50 to 35,000 EUR. Terms up to 120 months. Annual interest rates from 2.9%. For business financing: amounts from 1,000 EUR to 5,000,000 EUR, terms 3-60 months, interest from 0.8% monthly.

altero.lt

2Credit Payment Insurance (Kredito įmokų draudimas)

ModelSubscriptionBilling cadenceMonthly

Notes

Monthly premiums: 100 EUR coverage = 8.49 EUR/month; 200 EUR = 16.99 EUR; 300 EUR = 25.49 EUR; 400 EUR = 33.99 EUR; 500 EUR = 41.99 EUR. Insurance provided through ERGO Insurance SE.

altero.lt

GTM typeB2B and B2C

B2B and B2C

Offering typeDigital Commerce or Conte…

Digital Commerce or Content

Core offering1 text field

Altero LT operates a free online loan and insurance comparison marketplace that connects Lithuanian consumers and small/medium businesses with 30+ partner lenders and insurance providers through a single application. The platform aggregates consumer loans, business financing (working capital, vehicle, real estate, factoring, agricultural, crowdfunding), and insurance products (MTPL, KASKO, travel, property, accident, liability, credit payment insurance), earning commission-based referral revenue from partners while providing the service free of charge to end users.

Differentiator

Functional benefit

Problem solved

Product overview1 text field

Altero LT operates a financial comparison platform that aggregates loan and insurance products from multiple third-party providers into a single marketplace. The platform is built around a core comparison engine that allows consumers and businesses to submit one application and receive personalized offers from more than 30 lenders and insurers. The product portfolio spans consumer loans (personal loans, car loans), loan restructuring (refinancing, consolidation), specialized purpose loans (solar panels, home renovation, healthcare), business financing (working capital, vehicle financing, real estate, factoring, agricultural loans, crowdfunding), and insurance products (MTPL/TPVCAPD, KASKO, travel, property, accident, general liability, credit payment). The platform also offers a loan calculator tool for self-service estimation. Altero acts as a broker/intermediary, connecting users with partner financial institutions rather than providing loans or insurance directly.

Product and service10 records

1Vartojimo paskola (Consumer Loan)

CategoryConsumer Loan Comparison

Description

Unsecured personal loan for individuals in Lithuania for purposes such as home appliances, education, medical services, home renovation, and car down payment; amounts up to €35,000, terms up to 120 months, interest rates from 2.9%. Facilitated through Altero's partner lender network rather than underwritten by Altero itself.

2Paskola automobiliui (Car Loan)

CategoryConsumer Loan Comparison

Description

Vehicle financing comparison for individuals purchasing new or used vehicles, with interest rates from 2.9% and up to 100% of the vehicle's market value without requiring collateral or mandatory KASKO insurance. Offered via partner lenders.

3Refinansavimas (Refinancing)

CategoryLoan Restructuring

Description

Loan refinancing service allowing borrowers to refinance existing loans with a new lender under better terms such as lower interest rates, reduced monthly payments, or extended repayment periods. Accessed through partner lenders on the platform.

4Paskolų sujungimas (Loan Consolidation)

CategoryLoan Restructuring

Description

Service that combines multiple outstanding loans into a single loan with one monthly payment to one lender, with potentially improved terms. Offered through partner lenders.

5Paskola saulės elektrinėms (Solar Panel Loan)

CategorySpecialized Consumer Loan

Description

Loan for purchasing solar panels, wind turbines, EV charging stations, or upgrading household HVAC systems that generate energy. Accessed through partner lenders via the Altero platform.

6Namų remontas (Home Renovation Loan)

CategorySpecialized Consumer Loan

Description

Loan designed for home renovation and improvement projects, offered through partner lenders and compared via the Altero platform.

7Paskola gydymui ir sveikatingumui (Healthcare Loan)

CategorySpecialized Consumer Loan

Description

Loan covering health, treatment, or wellness-related expenses including prosthetics, implants, aesthetic procedures, and other medical services. Accessed through partner lenders.

8Apyvartinių lėšų finansavimas (Working Capital Financing)

CategoryBusiness Financing

Description

Business financing for operational needs, project implementation, growth, or daily requirements, typically up to €50,000 without real estate collateral. Compared and brokered through Altero's partner network for Lithuanian SMEs.

9Finansavimas transporto pirkimui (Business Vehicle Financing)

CategoryBusiness Financing

Description

Financing for businesses to acquire commercial vehicles or to obtain financing against a vehicle as collateral. Accessed through partner lenders via Altero.

10Nekilnojamojo turto finansavimas (Real Estate Financing)

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership46 partners

1ERGO Insurance SE Lietuvos filialas

Strategic tierCoreTypeStrategic or Co-development Partner

Description

ERGO Insurance SE provides credit payment insurance products through Altero platform. Altero acts as insurance infrastructure provider, directing customers to ERGO for coverage including job loss, disability, and death. Insurance premiums range from 8.49 to 41.99 EUR/month for coverage of 100-500 EUR.

2Edrauda (UADBB)

Strategic tierCoreTypeStrategic or Co-development Partner

Description

Integration with Edrauda.lt insurance comparison platform. Strategic partnership expanding Altero's service to include insurance products alongside loans. Edrauda serves as insurance intermediary, handling policy distribution and customer service for insurance products.

3TF BANK AB