The Group was founded by the current management in 2017. We have offices across 9 countries. Our headquarters are located in Riga, Latvia, which offers a fintech friendly business environment, appropriate legal setup as well as a saturated labour market of experienced online lending
2017
- Sun Finance Group established
- Operations launched in 3 countries
- The 1st bond issue of EUR 10 million completed
- 6 operational markets
2020
- The 2nd bond issue in amount of EUR 15 million registered
- Registered user database reaches almost 5 million
2021
- The total loans issued amount exceeds EUR 1 billion
- EUR 15 million bond issue listed on Nasdaq First North
- A new bond issue of EUR 20 million registered
2022
- 7 operational markets
- EUR 20 million bonds admitted to trading on Nasdaq First North
- A new bond issue of EUR 50 million registered
2023
- The total loans issued amount exceeds EUR 2 billion
- 9 operational markets – geographical footprint expanded to Africa
- EUR 50 million bonds admitted to trading on Nasdaq First North
- A new bond issue of EUR 27 million registered
2024
- The total loans issued amount exceeds EUR 3 billion
- Database of registered users surpasses 15 million
- EUR 27 million bonds admitted to trading on Nasdaq First North
- A new bond issue of EUR 40 million registered
Key figures
17.8m+
Registered customers
22.5m+
Loan applications since inception
€3.2bn+
Loans issued
9
Countries
1,400+
Employees
€153.2m
Net portfolio
Our vision
At Sun Finance, our vision is to become an accessible and attractive one stop shop for consumer financing needs. Our wide customer base includes those who have been historically underbanked and could not access funding from traditional financial institutions as well as provide a convenient and fast alternative to people who prefer speed and accessibility over traditional lenders.
We have developed sophisticated data science models in order to identify customer patterns across more than 4,000 – 7,000 data-points which typically have been ignored by traditional banks.
We aim to further financial inclusion across the world, enabling anyone to obtain financing any day of the week from anywhere in the world, requiring only internet access.
Our leadership
The company is led by a team of seasoned professionals with 15+ years of experience in management roles in FinTech, Finance and IT.
Founder & Chairman of the Council at Alternative Financial Services Association of Latvia
Launched 2 successful businesses, growing them from a start-up to multimillion businesses
Stockholm School of Economics in Riga, BSc
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Emīls Latkovskis
Co-founder & COO
Operational responsibility of the whole Group
Overseeing Central Asia and Latin America regional hubs
Part of Sun Finance from day 1
Board member of the Latvian Football Federation
Previously ran marketing agency, specifically focusing on finance industry
Stockholm School of Economics in Riga, BSc
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Agris Vaselāns
CRO
Oversees Group’s Risk and Data Science teams, optimizes decision making across the Group
Previously held Group Head of Data Science position at Sun Finance for more than 5 years
Vast experience in development of Innovative business strategies, Risk assessment and Data science models
More than 10 years experience in Risk and Data science positions
MSc in Financial and Actuarial Mathematics (Cum Laude), University of Tartu
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Elīna Zerne
CFO
Oversight of Group’s Finance and Accounting teams
Previously the leading group auditor for largest short-term lender in Europe
Senior Auditor at KPMG
Master’s degree in tax administration at Riga Technical University
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Roman Kornienko
CIO
Oversees Group’s Engineering and IT departments
Broad experience in Financial IT solutions for various businesses
Previously CTO for E-Tickets service and team lead for regional software development centre (CFT)
MSc of Computer Science at Kyrgyz National University
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Roberts Molotanovs
CLO
Oversight of Group’s Legal and Compliance teams
Previously Head of Legal for the largest online lender in Europe
Member of Financial Sector Development Committee at the Latvian Chamber of Commerce and Industry
Legal Advisor at the Council at the Alternative Financial Services Association of Latvia
Professional Master’s Degree in Law at the University of Latvia, qualified lawyer
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Margareta Brice
Head of HR
Oversees Group’s HR department
More than 10 year experience working in HR field across various companies, with the past 7 years spent managing HR departments in online lending companies
Higher education in HR management
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Vitaliy Nizhegorodtsev
Central Asia HUB CEO
Overseeing Central Asia regional hub
Part of Sun Finance since 2017
Chairman of the Board of Directors of the Kazakhstan Fintech Association
Previous experience in successfully launching and managing microfinance businesses
Manager of the Year 2020 award from the Union of National Business Ratings (Kazakhstan)
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Gatis Treimanis
Europe HUB CEO
Overseeing Europe regional hub
Part of Sun Finance since 2018
Previously worked as a managing director, establishing a fintech start-up in Indonesia
Group Head of Finance & Control at one of the largest short-term lenders in Europe
Senior Consultant at EY
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Daniel Stenberg
Scandinavia HUB CEO
Overseeing Scandinavia regional hub
Previously regional manager of Scandinavia, Baltics, and Latin America as well as a member of the executive committee at 4finance
CEO & Chairman at 4spar AB
CEO at Segus AB
Wealth Manager at EELD Asset management
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Ašots Torosjans
LATAM/SEA HUB CEO
16+ years of experience in financial and banking sector
Group CEO of Lending at Twino and General manager of Twino Russia
Global Head of Debt Collection at 4Finance
Previously worked for Raiffeisen Bank and GE Money Bank
Master’ s Degree in International Business management from University of Latvia