Insights

Fintech Collaboration Magnetiq Bank positions itself as a partner providing licensed infrastructure to fintechs and emphasizes true collaboration. This creates an opportunity to propose BaaS (banking-as-a-service) and integration partnerships to accelerate fintech product launches.

Growth through Onboarding The description highlights a desire to simplify onboarding and improve service consistency. This suggests a sales angle around streamlined KYC/AML onboarding tooling, customer experience enhancements, and omnichannel support solutions for fintech clients.

Regional Engagement Active participation in Baltic fintech events and collaboration with the Polish Embassy in Riga indicate a focus on cross-border fintech initiatives between Poland and Latvia. Target opportunities could include regional fintech accelerators, compliance support, and partner ecosystems in this corridor.

Leadership Signals New leadership appointment in Riga signals potential strategic shifts and new go-to-market approaches. Approach opportunities that align with refreshed regional strategies, increased channel partnerships, and pilot programs led by the new leader.

Early-stage Revenue Revenue is under $1M with a lean team. This points to a need for scalable, low-friction solution packages, affordable pilots, and white-label or modular BaaS offerings tailored to growing fintechs seeking rapid time-to-market.

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Magnetiq Bank Tech Stack

Magnetiq Bank uses 8 technology products and services including iCIMS, Power BI, WordPress, and more. Explore Magnetiq Bank's tech stack below.

Magnetiq Bank's Email Address Formats

Magnetiq Bank uses at least 1 email format:
Magnetiq Bank Email FormatsExamplePercentage
First.Last@lpb.lvJohn.Doe@lpb.lv
100%

Frequently Asked Questions

What is Magnetiq Bank's official website and social media links?

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Magnetiq Bank's official website is magnetiqbank.com and has social profiles on LinkedIn.

How much revenue does Magnetiq Bank generate?

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As of August 2026, Magnetiq Bank's annual revenue is estimated to be <$1M.

What is Magnetiq Bank's NAICS code?

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Magnetiq Bank's NAICS code is 52211 - Commercial Banking.

How many employees does Magnetiq Bank have currently?

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As of August 2026, Magnetiq Bank has approximately 136 employees across 3 continents, including Europe, Asia and Africa. Key team members include Chief Analyst: D. T., Chief Financial Controller, Management Board Member (finance & Risk Management): M. L. and Head Of Commercial Department: J. J. Explore Magnetiq Bank's employee directory with LeadIQ.

What industry does Magnetiq Bank belong to?

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Magnetiq Bank operates in the Banking industry.

What technology does Magnetiq Bank use?

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Magnetiq Bank's tech stack includes iCIMS, Power BI, WordPress, Cookiebot, CookieYes, Office 365, Vimeo and Piwik PRO Core.

What is Magnetiq Bank's email format?

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Magnetiq Bank's email format typically follows the pattern of First.Last@lpb.lv. Find more Magnetiq Bank email formats with LeadIQ.

When was Magnetiq Bank founded?

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Magnetiq Bank was founded in 2008.
Magnetiq Bank logo

Magnetiq Bank

BankingRīga, Latvia51-200 Employees

Magnetiq Bank operates in the banking sector with a focus on fintech-enabled services. The company provides licensed infrastructure that fintech firms can use to develop and bring products to market in partnership with the bank. Its operating model centers on a collaborative framework, where product development proceeds through genuine partnerships rather than isolated processes. By combining compliant core capabilities with cooperative workflows, the bank aims to reduce onboarding hurdles and improve service consistency for its clients.

Based in Riga, Latvia, Magnetiq Bank is a mid-sized bank. In May 2026, it took part in Baltic Fintech Days and helped organize a roundtable on Poland-Latvia fintech collaboration with FinTech Poland and the Embassy of the Republic of Poland in Riga.

Section iconCompany Overview

NAICS Code
52211 - Commercial Banking
Founded
2008
Employees
51-200

Section iconFunding & Financials

  • <$1M

    Magnetiq Bank's revenue is estimated to be in the range of <$1M

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