Moneza
Moneza is a Riga-based, fully digital non-bank lender operating in Latvia under SIA SETECH, offering 12 consumer, auto, secured, and SME loan products via a self-serve online platform with same-day digital contract signing and bilingual Latvian/Russian support.
- Company typePrivate
- Founded2009
- HeadquartersRiga, Latvia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Moneza does
Moneza (operated by SIA SETECH, Reg. No. 40203020143) is a Riga-headquartered, fully digital non-bank lender serving Latvian consumers and small businesses. Founded in 2009, the company operates a self-serve online platform (moneza.lv) where customers apply, are credit-assessed, and sign loan contracts electronically using E-paraksts or SmartID, with funds disbursed to the borrower's bank account within one business day of approval. The platform offers 12 distinct loan products spanning consumer credit (500-25,000 EUR), secured property loans (2,000-200,000 EUR at rates from 2% APR), business loans up to 200,000 EUR, credit lines, auto financing, refinancing, and debt consolidation. Maximum disclosed APR is 59.62%, with representative rates around 10-11% on standard installment products and an 8% credit commission fee applied on certain products.
Moneza firmographics
Firmographics- Name
- Moneza
- Legal name
- SIA SETECH
- Website
- https://moneza.lv
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Moneza is a Riga-based, fully digital non-bank lender operating in Latvia under SIA SETECH, offering 12 consumer, auto, secured, and SME loan products via a self-serve online platform with same-day digital contract signing and bilingual Latvian/Russian support.
- Ownership category
- akta.pro rank
Moneza industry classification
Industry- Product category
- Non-Bank Consumer Lending
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Loan Brokers (6163), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
- akta.pro secondary industry
- Asset-Based Lending (ABL) (FSANADAD)
Keywords
Where Moneza is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices1 record
Markets served
Moneza business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Consumer and Business Loan Interest and Fees: Moneza (operated by SIA SETECH) generates revenue through interest charged on loans and associated fees. The company offers personal loans (500 - 25,000 EUR, terms 3-120 months, APR from 6.9%), business loans (500 - 200,000 EUR, terms 12-180 months, APR from 7%), and secured loans against property (2,000 - 200,000 EUR, terms 1-30 years, APR from 2%). A credit commission fee of 8% is applied on certain products. Maximum APR disclosed is 59.62%.
- Credit Commission and Processing Fees: The company charges a credit commission fee (e.g., 8% of the loan amount on consumer credit products), which represents a primary revenue stream alongside interest income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Consumer Loan / Aizdevums: 500 - 25,000 EUR, 3-120 months, APR from 6.9% |
| Unit Pricing | Monthly | Business Loan / Kredīts uzņēmumam: 500 - 200,000 EUR, 12-180 months, APR from 7% |
| Unit Pricing | Monthly | Secured Loan / Kredīts pret ķīlu: 2,000 - 200,000 EUR, 1-30 years, APR from 2% |
| Unit Pricing | Monthly | Auto Loan / Auto kredīts: 500 - 25,000 EUR, 3-120 months, APR from 6.9% |
| Unit Pricing | Monthly | Quick Loan / Ātrais kredīts: 500 - 25,000 EUR, term varies |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Moneza product offering
Product offeringCore offering
Moneza (operated by SIA SETECH) is a Latvian non-bank credit provider offering 12 loan products, including consumer loans, home renovation loans, refinancing, debt consolidation, auto loans, business loans, real estate purchase loans, secured property loans, general-purpose loans, revolving credit lines, quick loans, and car-collateral loans. The entire process — application, creditworthiness assessment, e-signature (E-paraksts or SmartID), and fund disbursement — is conducted fully online, with loan amounts ranging from 500 EUR to 200,000 EUR and terms from 3 months to 30 years.
Product overview
Moneza (operated by SIA SETECH) is a non-bank credit provider in Latvia offering a comprehensive portfolio of loan products. The platform provides 12 distinct loan types spanning unsecured consumer loans (Patēriņa kredīts), secured loans against real estate (Kredīts pret ķīlu) or vehicle collateral, business financing (Kredīts uzņēmumam), debt restructuring services (Pārkreditācija, Kredītu apvienošana), and specialized loans for auto purchase, home renovation, and real estate acquisition. The company operates entirely online with remote application processing, e-signature capabilities, and next-business-day fund transfers, positioning itself as a modern digital lending alternative to traditional banks.
Differentiator
Problem solved
Functional benefit
Products and services
- Patēriņa kredīts (Consumer Loan) General-purpose personal loan for everyday needs and larger purchases. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. Representative example: 5,000 EUR over 5 years at 10.78% APR, total repayment 6,415.59 EUR, monthly payment 106.93 EUR. For Latvian private individuals.
- Kredīts remontam (Home Renovation Loan) Loan specifically designed for home renovation and improvement projects. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For Latvian homeowners undertaking renovation.
- Pārkreditācija (Refinancing) Refinancing service to replace existing credit obligations with better terms, helping reduce monthly payments. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For Latvian borrowers with existing credit obligations.
- Kredītu apvienošana (Debt Consolidation) Service to combine multiple credit obligations into a single loan, easing budget burden with one monthly payment. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For borrowers with multiple existing loans.
- Auto kredīts (Car Loan) Loan for purchasing vehicles or other transport. Amounts 500-25,000 EUR; terms 3-120 months; APR from 6.9%. Representative example: 8,000 EUR over 5 years at 10.67% APR, monthly payment 170.68 EUR, total repayment 10,240.50 EUR. Maximum APR 59.62%. For Latvian consumers purchasing vehicles.
- Kredīts pret ķīlu (Secured Property Loan) Loan secured by real estate collateral. Amounts 2,000-200,000 EUR; terms 12-360 months (1-30 years); APR from 2%. Available to borrowers who may have damaged credit history, against real estate collateral. For Latvian property owners.
- Nekustamā īpašuma iegādei (Real Estate Purchase Loan) Loan for purchasing real estate, land, apartments, or houses, or for construction purposes. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For Latvian consumers purchasing or building property.
- Kredīts uzņēmumam (Business Loan) Business financing for starting, developing, or expanding enterprises. Amounts 500-200,000 EUR; terms 12-180 months; APR from 7%. For Latvian registered legal entities (SIA, A/S, etc.).
- Aizdevums (General Loan) General-purpose money loan for planned or unexpected expenses. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For Latvian consumers needing flexible funds.
- Kredītlīnija (Credit Line) Revolving credit facility as an alternative to credit cards, with an approved credit limit that can be drawn as needed. Interest is charged only on the used amount. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For Latvian consumers and businesses needing ongoing access to funds.
- Ātrais kredīts (Quick Loan) Fast short-term loan for immediate cash needs. Amounts 500-25,000 EUR; terms individualized based on credit assessment. For Latvian consumers needing urgent funds.
- Kredīts pret automašīnas ķīlu (Car Collateral Loan) Loan secured by vehicle collateral for quick cash access. Amounts 500-25,000 EUR; terms 6-120 months; APR from 6.9%. For Latvian vehicle owners.
Quantifiable outcome
- Loan applications reviewed within minutes; funds transferred within one business day of approval
- +3 more outcomes
Companies that use Moneza
Customer profileSegments2 records
Ideal customer profiles2 records
Moneza technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Moneza partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
Moneza competitors and assessment
Company assessmentDirect peers
- 4finance: Headquartered in Riga, 4finance is one of Europe's largest online and mobile consumer lending groups. Directly comparable to Moneza as a Latvia-based non-bank digital lender serving consumer credit demand across the Baltics.
- ViaSMS Group: Latvian non-bank online lender providing consumer loans and quick loans. Closely comparable to Moneza in domestic market, product range, and digital GTM.
- Creditstar Group: Online consumer lender active across Europe including the Baltics. Comparable to Moneza in providing short-term consumer credit through a fully digital onboarding process.
- Bondora: Estonian online consumer lender offering personal loans, secured loans, and P2P-style investment products. Comparable to Moneza as a regional Baltic digital lender serving consumer and SMB credit.
- Ferratum (Multitude SE): Finnish-origin online lender (now Multitude) operating across Europe including the Baltics, offering consumer loans, credit lines, and SMB financing. Closely mirrors Moneza's product mix and digital-first GTM.
- Vivus (4finance brand): Latvian brand of 4finance offering short-term and installment consumer loans. Direct competitor to Moneza's quick loan and consumer loan products in the Latvian market.
- Bigbank: Estonian bank focused on consumer and SME lending across the Baltics and Central Europe. Comparable to Moneza in product (consumer, auto, business, secured) and target segments.
- INbank (Inbank): Estonian-licensed bank specializing in consumer loans, hire-purchase, and SMB lending across the Baltics. Directly comparable product set to Moneza, with similar retail and partner distribution.
Broad incumbents
- SEB Banka: Major universal bank in Latvia providing consumer loans, mortgages, and SMB financing. Overlaps with Moneza's product set but operates as a full-service incumbent rather than a digital non-bank.
- Swedbank Latvia: One of Latvia's largest banks by deposits and consumer lending market share. Competes with Moneza across consumer and SMB credit but as a broad full-service bank rather than a digital specialist.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Moneza social profiles
Digital presenceMoneza compliance and trust
Trust signalCompliance1 record
Moneza financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moneza leadership team
Management profileNumber of profiles
Moneza funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moneza M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Moneza
What does Moneza do?
Moneza (operated by SIA SETECH) is a Latvian non-bank credit provider offering 12 loan products, including consumer loans, home renovation loans, refinancing, debt consolidation, auto loans, business loans, real estate purchase loans, secured property loans, general-purpose loans, revolving credit lines, quick loans, and car-collateral loans. The entire process — application, creditworthiness assessment, e-signature (E-paraksts or SmartID), and fund disbursement — is conducted fully online, with loan amounts ranging from 500 EUR to 200,000 EUR and terms from 3 months to 30 years.
Is Moneza a public or private company?
Moneza is a private company. It is classified as unknown and is currently operating.
When was Moneza founded?
Moneza was founded in 2009. It employs 11 to 50 people.
Where is Moneza based?
Moneza is headquartered in Riga, Latvia, in the Europe region.
How does Moneza make money?
Two revenue lines are on record. Consumer and Business Loan Interest and Fees are the primary driver. The others are credit Commission and Processing Fees.
Who are Moneza's main competitors?
Direct peers on record are 4finance, ViaSMS Group, Creditstar Group, Bondora, Ferratum (Multitude SE), Vivus (4finance brand), Bigbank and INbank (Inbank). Broad incumbents are SEB Banka and Swedbank Latvia.
Does Moneza have an API?
No public API is recorded for Moneza.
What industry is Moneza in?
Moneza's product category is Non-Bank Consumer Lending. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans, with a secondary code of FSANADAD, Asset-Based Lending (ABL). Its NAICS code is 522 and its SIC code is 6163.