Lending / consumer credit · Latvia

Crowdfunding service provider authorization (Latvia)

The Crowdfunding service provider authorization is issued by Latvijas Banka (LB) under Regulation (EU) 2020/1503 on European crowdfunding service providers (ECSPR). It can be passported to the other EU/EEA states by notification. The official register lists 8 current holders. Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator LBMarkdown · Data (CC BY 4.0)

At a glance

Official name	Crowdfunding service provider authorization¹
Also known as	ECSP · ECSPR authorisation · Latvian crowdfunding licence · Latvian ECSP licence · Latvian crowdfunding service provider authorisation · Latvijas Banka crowdfunding authorisation
Issued by	Latvijas Banka
Jurisdiction	Latvia
Licence family	Lending / consumer credit
Legal basis	Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business²
Passporting	EU/EEA passport available
Public register	official register¹
Current holders	8¹

What it lets you do

Crowdfunding services	Matching business funding interests of investors and project owners through a platform, by facilitating loans or placing securities.

Where it is valid

Issued in Latvia (gold); can be passported to the other EU/EEA states (blue) by notification.

Buying a company that already holds it

Prior approval required. Acquiring or increasing a qualifying holding reaching or crossing 10%, 20%, 33%, or 50% of capital or voting rights, or causing the entity to become a subsidiary, requires prior notification and approval from Latvijas Banka. Under Latvijas Banka Regulation No. 241 and the Credit Institution Law, the assessment period is 60 working days from receipt of a complete notification, interruptible once by up to 20 or 30 working days to request supplementary documents; Latvijas Banka evaluates reputation, financial soundness, and AML/CFT compliance before issuing approval.³

Credit in other countries

Country	Licence	Regulator	Min. capital	Application fee	Statutory time
Australia	Australian credit licence (ACL)	ASIC	n/a	n/a	n/a
Cyprus	European Crowdfunding Service Provider authorisation	CySEC	n/a	n/a	n/a
Czech Republic	Non-bank Consumer Credit Provider licence	CNB	n/a	CZK 50,000	n/a
Czech Republic	Crowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPR	CNB	n/a	CZK 20,000	~3 mo
Estonia	Operating licence as a credit servicer	FI	n/a	n/a	n/a
Estonia	Operating licence as a creditor	FI	n/a	n/a	n/a
Estonia	Authorisation as a crowdfunding service providerAuthorisation as a crowdfunding service provider under ECSPR	FI	n/a	n/a	n/a
Estonia	Authorisation for operating as a financial institution	FIU	n/a	EUR 3,300	~2.8 mo
Estonia	Operating licence as a credit intermediary	FI	n/a	n/a	n/a
France	European crowdfunding service provider authorization	AMF	n/a	n/a	~3 mo
Ireland	Crowdfunding Service Provider Authorisation (ECSPR)	CBI	n/a	n/a	n/a
Italy	European crowdfunding service provider authorization (ECSPR)	CONSOB	n/a	n/a	~3 mo
Latvia	Crowdfunding service provider authorization	LB	n/a	n/a	n/a
Lithuania	Crowdfunding service provider authorization	LB	n/a	n/a	n/a
Lithuania	Peer-to-peer lending platform operator	LB	n/a	n/a	n/a
Luxembourg	Crowdfunding service provider authorisation	CSSF	n/a	EUR 30,000	n/a
Netherlands	European Crowdfunding Service Provider (ECSPR) authorisationEuropean Crowdfunding Service Provider (ECSPR) authorisation under Regulation (EU) 2020/1503	AFM	n/a	EUR 200	~4.2 mo
Poland	Crowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPR	KNF	n/a	n/a	n/a
Poland	Lending Institution registration	KNF	n/a	PLN 616	n/a
Slovakia	Crowdfunding service provider authorisationCrowdfunding service provider authorisation under ECSPR	NBS	n/a	n/a	n/a
Spain	European crowdfunding service provider authorization	CNMV	n/a	n/a	n/a
Spain	Specialized lending credit institution authorization	BdE	n/a	n/a	n/a
United Kingdom	Consumer Credit Full Permission Authorisation (Part 4A FSMA)	FCA	n/a	n/a	n/a

Values come from each licence's page, where every figure has its source.

Laws behind it

European Crowdfunding Service Providers Regulation: Regulation (EU) 2020/1503

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

bank.lv: market participants · retrieved 2026-09-24
EUR-Lex: oj · retrieved 2026-09-24
bank.lv: procedure for the evaluation of qualifying holding · retrieved 2026-09-24

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