Banqup Latvia

Your Latvian partner for digital administration

About Latvia

Fitek was our Latvian entity's previous company name before becoming part of Banqup Group in 2019.

Both incoming and outgoing invoice management solutions are Banqup Latvia's speciality. Specialities which cover B2B, B2G and B2C processes. The country also provides EDI and e-archive services as well as e-invoice submission to banks.

Our Latvian team is led by Country Manager Edgars Strazds, who has great experience in corporate banking and business transformation.

Specific solutions for the Latvian market

  • E-invoicing

    Redefine your invoicing processes with Banqup, the all-in-one solution for businesses of any size. We guarantee compliance with local e-invoicing and e-reporting requirements in over 60 countries, ensuring you always meet global standards. Easily create documents in your preferred format, and let our platform automatically convert them to the specific standard required by your receiver. From self-employed freelancers to large enterprises, connect to the Peppol network and streamline your financial workflows effortlessly. Reduce manual data entry, eliminate errors, and integrate seamlessly with your existing ERP to future-proof your invoicing today.


  • Procure-to-pay

    Fully automate your inbound financial workflows and gain control over your spending with Banqup’s procure-to-pay solution. We consolidate all incoming documents into one centralized platform, eliminating the need for manual data entry. Advanced data extraction ensures accurate details are fed directly into your ERP or accounting software. Streamline operations with customizable approval workflows and real-time digital archiving that keeps you audit-ready. Improve supplier relationships and reduce processing costs by handling every purchase invoice efficiently and securely.


  • Order-to-cash

    Accelerate your cash flow by automating the creation and distribution of all your outbound financial documents. Banqup allows you to send invoices in any format your customers require, from XML to PDF, ensuring delivery via B2B and B2G. We handle global e-invoicing compliance across more than 60 countries, so you never have to worry about local regulations. Get paid faster by embedding digital payment buttons and QR codes directly onto your invoices. With real-time delivery tracking and secure archiving, you gain complete transparency and efficiency in your receivables process.


  • E-reporting

    Simplify your global tax obligations with Banqup’s automated e-reporting solution. As tax authorities worldwide mandate real-time digital reporting, our platform connects directly to government portals in over 60 countries to transmit data automatically. We support various reporting models, including Continuous Transaction Control (CTC), ensuring you remain compliant without administrative burden. Minimize the risk of fraud and errors by digitizing your tax data exchange today. Prepare your business for future regulations, such as the "VAT in the Digital Age" (ViDA) initiative, with a system that adapts to legislative changes for you.

  • EDI

    Revolutionize your supply chain efficiency with our Electronic Data Interchange (EDI) solutions, designed to automate the exchange of critical documents like orders and delivery notes. EDI replaces manual communication by creating a direct, real-time link between your system and your partners', converting data formats (XML, Edifact) automatically for seamless integration. Ideal for retail, logistics, and manufacturing sectors, our EDI solution reduces human error and accelerates processing times significantly. It allows you to connect to international networks like Peppol and local government platforms through a single connection. Enhance your data exchange with value-added services such as content matching and product code conversion for a fully optimized supply chain.

  • Payments

    Get paid faster and streamline your financial supply chain with Banqup’s smart payments solution. By adding secure payment links or QR codes directly to your invoices, you create a seamless experience where customers can view and pay in just a few clicks. As a licensed payment institution, we enable direct IBAN-to-IBAN transfers, ensuring you receive 100% of your funds instantly with no deductions. This solution reduces administrative errors by removing the need for manual data input and offers customers a familiar payment environment via open banking (PSD2). Track the entire journey—from sending to receipt to payment—giving you complete control and visibility over your cash flow.

  • Sales invoice solution

    Automate and streamline the distribution of all your sales invoices with a solution that adapts to your customers' preferences. Our Sales Invoice Solution allows you to generate invoices in any format and distribute them via any channel whether B2B networks, B2G platforms and email. This service eliminates the manual effort of invoicing, ensuring speed, transparency, and full regulatory compliance. You can track every stage of the invoice journey, from generation to delivery, ensuring you have complete oversight. Seamless integration with your existing accounting software means you can improve efficiency without disrupting your current workflow.


  • Rekini

    rekini.lv is a digital invoice sending and receiving platform for small and medium-sized companies, which allows you to prepare and send invoices in various formats, via different delivery channels.

Updated e-invoicing timeline

E-invoicing for B2G transactions is mandatory in Latvia. The B2B mandate has been postponed to 1 January 2028, with B2G invoice data reporting required from January 2026 via the State Revenue Service (SRS). Businesses are encouraged to adopt Peppol and EN 16931 standards during the transition.

We keep our finger on the pulse via our Compliance Pulse.


Testimonials

  • If P&C Insurance AS

    "We have been cooperating with Banqup (before Fitek) for almost 20 years and we are proud to work with a team of professionals. Together with Banqup we have improved and developed our insurance services and together we have grown and evolved. We know clearly that if there is a need for changes or improvements to IF, Banqup will be efficient, flexible and will get the job done at the highest quality."

    Jānis Kesteris,

    Head of the Baltic IT Department of If P&C Insurance AS

  • Luminor

    "In ten years of collaboration with Banqup (before Fitek), we have made sure that the values of the company are consistent with the values of our organization and the needs of our customers, which we believe is one of the most important factors in creating successful cooperation. Luminor, as one of the largest financial service providers in the Baltic region, uses the solutions provided by Banqup for printing and sending documents in both paper and electronic format, digitisation of documents, electronic archiving, and billing. With the precision and responsibility of the Banqup team, we have been able to achieve high performance both in Latvia and throughout the Baltic region. "

    Daiga Laugale,

    Member of the Board of Luminor Līzings

  • Linde

    "As our company Linde Gas operates in the field of industrial and medical gases, it is important for us to be flexible and offer mutually beneficial cooperation conditions when serving our customers. Banqup has always been open in making changes to the preparation of the required documents, has been accurate and completed the task within the deadlines, thus allowing us to focus on our core business without worries."

    Iveta Silkalne,

    Head of the Baltic Customer Service Centre

Contact our Latvian team

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