Lursoft IT

What Lursoft IT does

Lursoft IT is a Latvian-headquartered business information services company founded in 1993 that operates a multi-jurisdiction data platform covering company registries, annual reports, insolvency records, commercial pledges, land and cadastre records, vehicle registries, court proceedings, credit reports, tax analytics, financial ratios, and sanctions screening across Latvia, Lithuania, Estonia, and the United Kingdom. The platform is organized around a NACE Rev. 2.0/2.1 industry classification system with cross-references to UK SIC codes, enabling users to browse companies by industry code and pull underlying registry data. Proprietary features include a multi-jurisdiction company database, a real-time insolvency and monitoring service, and a Relationship Graph that maps corporate ownership and inter-company connections.

The technology stack is a web-based enterprise data platform with API endpoints for programmatic access and a multilingual (Latvian, English, Russian) user portal. Data inputs are sourced from official government registries (including the State Land Cadastre Service and the Latvian Road Traffic Safety Directorate / CSDD) and through partnership with the European Business Register (EBR) for international coverage. The product surface spans 19+ discrete products grouped into core registries, analytical services, credit reports, compliance/sanctions, international databases, and developer-facing API solutions.

Lursoft IT monetizes through three primary revenue streams: recurring subscriptions ('Abonēšana') for ongoing access; per-query transaction fees for individual reports without full subscription; and API-based subscriptions for enterprise system integration. The go-to-market is API-first with a complementary enterprise field-sales motion, targeting financial institutions and credit bureaus, enterprise business customers, government and public-sector entities, and a tail of students and academic users under discounted pricing. Settlement options include bank transfer, credit card, cash, internet banking, and Mobilly mobile payment, indicating broad accessibility across customer segments.

Name

Lursoft IT

Legal name

Lursoft IT

Website

https://nace.lursoft.lv

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Lursoft IT is a Latvian business information services company founded in 1993 that operates a multi-jurisdiction subscription and API platform providing company registries, financial, credit, and compliance data across Latvia, Lithuania, Estonia, and the UK, serving financial institutions, enterprises, government, and academic users.

Ownership category

akta.pro rank

Product category

Business Intelligence & Company Information Services

NAICS

Web Search Portals, Libraries, Archives, and Other Information Services (519), Professional, Scientific, and Technical Services (54), Other Computer Related Services (541519)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Miscellaneous Business Services (7380)

akta.pro primary industry

Competitive Intelligence & Benchmarking (BPAHALAB)

akta.pro secondary industry

Pricing, Revenue & Commercial Analytics (BPAHALAM)

Keywords

• Business intelligence services
• Company registry data
• Credit risk analytics
• Sanctions compliance screening
• Financial due diligence

Headquarters

HQ city

Pringi

HQ country

Estonia

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Subscription Services: Recurring subscription-based access to company databases, registries, and analytical services. Multiple subscription tiers available including 'Abonēšana' (subscription) model for ongoing access.
2. Per-Query Data Access: Pay-per-query access without full subscription for individual company reports, credit checks, and document searches
3. API Solutions: API-based data access solutions for enterprise customers requiring programmatic database integration

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Lursoft IT provides subscription-based access to comprehensive business intelligence databases including company registries, financial reports, insolvency records, commercial pledges, land and vehicle registers, credit reports, and sanctions screening across Latvia, Lithuania, Estonia, and the UK. The platform also offers tax analytics, financial ratio benchmarking, relationship graph mapping, and programmatic API access for enterprise integration. Services are delivered via authenticated web portal and enterprise-grade API solutions.

Product overview

Lursoft IT operates a comprehensive business intelligence and company data platform providing access to enterprise registries, financial data, and compliance services across the Baltic region and UK. The platform is structured as a multi-module system centered around the NACE industry classification system and company registry databases, supplemented by analytical services (tax analytics, financial ratios, extended company analysis, relationship graphs), credit reporting solutions (delayed payments, Paus Konsults credit history, Verdikts credit reports), sanctions compliance screening, and programmatic API access. Additional services include access to various government registers including land registries, vehicle databases (CSDD), insolvency records, commercial pledge registers, and international company databases for Latvia, Lithuania, and the UK.

Differentiator

Problem solved

Functional benefit

Products and services

• NACE Classification System Statistical Classification of Economic Activities (NACE Rev. 2.0 and 2.1) providing industry codes and descriptions for businesses across Latvia, Lithuania, Estonia, and the UK, with company listings per NACE code and cross-reference to UK SIC codes.
• Company Registry Database Comprehensive database of Latvian companies, institutions, persons, and addresses with detailed company information and annual reports for business verification and research.
• Annual Reports Database Repository of submitted annual financial reports by companies organized by industry and sector for financial analysis and benchmarking.
• Insolvency Database Database tracking insolvency proceedings and bankruptcies of companies for credit risk and legal due diligence purposes.
• Commercial Pledge Register Register of commercial pledges and collateral on business assets for credit and legal risk assessment.
• Tax Analytics Analytical service providing tax-related data and insights for businesses and industries.
• Financial Ratios of Industries Financial benchmarking data comparing key ratios across industries and sectors for competitive analysis.
• Financial Analysis In-depth financial analysis services for companies and industries.
• Extended Company Analysis Comprehensive analytical reports on individual companies with extended data for due diligence and business intelligence.
• Relationship Graph Visual representation of corporate relationships, ownership structures, and inter-company connections for KYC and beneficial owner identification.
• Delayed Payment Database Database of delayed payments and payment default records for credit risk assessment.
• Paus Konsults Credit History Credit history report service provided in partnership with Paus Konsults for credit risk evaluation.
• Verdikts Credit Report Credit reporting service branded as Verdikts for credit risk evaluation.
• Sanctions Solutions Compliance screening services for sanctions list monitoring and verification for regulatory compliance.
• Land Register Access to property land registry records and real estate ownership data from the State Land Cadastre.
• Vehicle Database (CSDD) Database of vehicle registrations and road transport data from the Road Transport Safety Directorate (CSDD).
• UK Company Register Database of UK companies for cross-border business intelligence.
• Lithuanian Companies Database Database of Lithuanian companies for regional business intelligence.
• API Solutions Programmatic access to Lursoft IT databases and services for integration into third-party applications and enterprise systems.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• European Business Register (EBR)coreTechnology or IntegrationProvides international company reports through European Business Register network, enabling cross-border business intelligence access for Latvian and international companies seeking foreign entity information
• CSDD (Road Traffic Safety Directorate)coreTechnology or IntegrationIntegrated vehicle database access through CSDD (Latvian Road Traffic Safety Directorate) providing vehicle registration data, penalty points, driver licenses, and tractor machinery information
• State Land Cadastre ServicecoreTechnology or IntegrationLand Registry and Cadastre integration providing property ownership records, land parcel information, and organizational property data access
• MobillyminorOthersMobile payment integration allowing users to settle service fees through Mobilly mobile payment platform

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Creditreform: German-headquartered cooperative of business information providers across Europe offering company data, credit reports, and business intelligence. Comparable to Lursoft in providing registry-derived credit and company information with multi-jurisdiction European coverage.
• Creditsafe: Global business credit reports and company information provider with multi-jurisdiction coverage and subscription/API access. Directly comparable to Lursoft's credit reports, company registry, and subscription/API product set, though operating at much larger scale.
• CRIF: Italy-headquartered business information and credit bureau operator with pan-European reach including credit reports, company data, and decisioning tools. Comparable product overlap with Lursoft across credit information, company databases, and analytical services.

Broad incumbents

• Bureau van Dijk (Moody's): Provider of comprehensive company information and compliance data (Orbis, Moody’s), serving multinational KYC and credit analysis needs. Overlaps Lursoft's multi-jurisdiction company database offering, particularly for global enterprise compliance teams.
• Coface: Global trade credit insurance and business information provider offering company financial data, credit reports, and risk analytics. Comparable to Lursoft's delayed-payment data, credit reports, and financial analytics offerings, with broader geographic reach.
• Dun & Bradstreet (incl. Bisnode): Global leader in business data and analytics, including Bisnode which historically had strong Nordic/Baltic coverage. Directly competes with Lursoft across company registries, financial data, and credit risk information, with a much broader portfolio.

Emerging players

• OpenCorporates: Open database of corporate registries globally with API access for company data and UBO information. Overlaps with Lursoft's multi-jurisdiction company database and cross-border KYC positioning, primarily serving the developer/API market.
• Kompany (Verisk): RegTech platform providing global KYC, AML, and ultimate beneficial owner (UBO) data via a single API, now part of Verisk. Comparable to Lursoft's API solutions and sanctions/compliance offerings for cross-border business verification.

Regional players

• Bisnode (historical): Historical Nordic and Baltic business information provider (now absorbed into Dun & Bradstreet), offering company data, credit reports, and market intelligence. Was Lursoft's most direct historical peer in the Nordic-Baltic region with near-identical product mix.
• Infocredit (now part of CRIF): Business information provider covering Central and Eastern Europe with credit reports and company data, now part of CRIF. Highly comparable in serving regional markets with similar product mix to Lursoft's Baltic focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/lursoft

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lursoft IT