Magnetiq Bank Overview

  • Year Founded
  • 2008

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 130

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 1

Magnetiq Bank General Information

Description

Provider of banking services intended to connect regulated banking with modern financial technology. The company's services include EU fintech banking infrastructure, direct Visa and Mastercard cooperation, API-driven integration, support for multiple currencies, local acquiring, and webhook notifications, thereby enabling fintech companies to launch and scale financial products through secure and regulated payment processing.

Contact Information

Formerly Known As
LPB Bank, Latvian Postal Bank, Latvijas Pasta Banka
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • Brivibas Iela 54
  • Riga, LV-1011
  • Latvia
+371 67
Primary Industry
National Banks
Parent Company
Corporate Office
  • Brivibas Iela 54
  • Riga, LV-1011
  • Latvia
+371 67

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Magnetiq Bank Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Magnetiq Bank Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Magnetiq Bank FAQs

  • When was Magnetiq Bank founded?

    Magnetiq Bank was founded in 2008.

  • Where is Magnetiq Bank headquartered?

    Magnetiq Bank is headquartered in Riga, Latvia.

  • What is the size of Magnetiq Bank?

    Magnetiq Bank has 130 total employees.

  • What industry is Magnetiq Bank in?

    Magnetiq Bank’s primary industry is National Banks.

  • Is Magnetiq Bank a private or public company?

    Magnetiq Bank is a Private company.

  • What is Magnetiq Bank’s current revenue?

    The current revenue for Magnetiq Bank is .

  • When was Magnetiq Bank acquired?

    Magnetiq Bank was acquired on 12-Dec-2023.

  • Who acquired Magnetiq Bank?

    Magnetiq Bank was acquired by Signet Bank.

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