No-code SaaS loan management system inGain raises €650K

Latvian fintech inGain has raised €650K from Estonian Trind VC, Budapest-based Fiedler Capital, Latvian business angels network (LatBAN), and several business angels. 

Founded in Riga in 2011 by Armands Liseks, Kristaps Veinbergs, and Juris Čirkovs, inGain provides a no-code SaaS loan management system for traditional and fintech lenders, SME lenders, crowdfunding platforms, and businesses in non-financial industries. This allows them to launch and scale their lending and financial products. inGain's loan management system serves secured and unsecured loan products, subscriptions, and rent-to-own fintech products to consumers and businesses in various industries, online or offline, and payments can be made in cash or by bank transfer.

For instance, inGain can create a solution for a non-financial company to lease its products (cars, musical instruments, etc), instead of offering to take a loan from the bank to purchase that product. This allows the seller to give the buyer two options in the future: buy it outright or return it to the seller at any time.

inGain plans to use the money to complete work on a no-code self-service platform where a company can create its lending tool.

Trind Ventures is an early-stage venture fund with an initial ticket of €0,1M-€1M, and follow-on investments up to €5M per company. The partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola, Taavi Lepmets, and Reima Linnanvirta. In September 2022, the company closed Fund II with €55M. The goal was to invest in 30-40 startups in four years.