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=== 4Finance === === 4Finance ===
In 2008, Kesenfelds co-founded 4Finance, a company specializing in short-term, high-interest loans under brands like Vivus.lv and SMS Credit. In 2013, 4Finance was sold to Russian billionaire ] for over €100 million.<ref>{{Cite web |title=The payday loan millionaire {{!}} Re:Baltica |url=https://en.rebaltica.lv/2021/02/the-payday-loan-millionaire/ |access-date=2025-01-22 |language=en-GB}}</ref><ref>{{Cite web |last=Geopost |first=The |date=2022-01-20 |title=The "King" of Quick Loans |url=https://thegeopost.com/en/news/the-king-of-quick-loans/ |access-date=2025-01-22 |website=The Geopost |language=en-US}}</ref><ref>{{Cite web |date=2023-06-23 |title=Sanctioned Russian oligarch benefits from fast loans in North Macedonia |url=https://telegrafi.com/en/oligarku-sanksionuar-rus-perfiton-nga-kredite-e-shpejta-ne-maqedonine-e-veriut/ |access-date=2025-01-22 |website=Telegrafi |language=en}}</ref> In 2008, Kesenfelds co-founded 4Finance, a company specializing in short-term, high-interest loans under brands like Vivus.lv and SMS Credit.<ref>{{Cite web |title=Experiences of Aigars Kesenfelds: Current and past positions - MarketScreener |url=https://uk.marketscreener.com/insider/AIGARS-KESENFELDS-A22J7R/experience/ |access-date=2025-01-22 |website=uk.marketscreener.com |language=en-GB}}</ref> In 2013, 4Finance was sold to Russian billionaire ] for over €100 million.<ref>{{Cite web |title=The payday loan millionaire {{!}} Re:Baltica |url=https://en.rebaltica.lv/2021/02/the-payday-loan-millionaire/ |access-date=2025-01-22 |language=en-GB}}</ref><ref>{{Cite web |last=Geopost |first=The |date=2022-01-20 |title=The "King" of Quick Loans |url=https://thegeopost.com/en/news/the-king-of-quick-loans/ |access-date=2025-01-22 |website=The Geopost |language=en-US}}</ref><ref>{{Cite web |date=2023-06-23 |title=Sanctioned Russian oligarch benefits from fast loans in North Macedonia |url=https://telegrafi.com/en/oligarku-sanksionuar-rus-perfiton-nga-kredite-e-shpejta-ne-maqedonine-e-veriut/ |access-date=2025-01-22 |website=Telegrafi |language=en}}</ref>


=== International expansion === === International expansion ===
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=== Investment activities === === Investment activities ===
Kesenfelds is an angel investor, funding startups in exchange for equity.<ref>{{Cite web |title=Aigars Kesenfelds investment portfolio {{!}} PitchBook |url=https://pitchbook.com/profiles/investor/436044-52 |access-date=2025-01-22 |website=pitchbook.com |language=en}}</ref> He also owns 77% shares at Merito Partners SIA.<ref>{{Cite web |title=About Us |url=https://meritopartners.com/about-us/ |access-date=2025-01-22 |website=Merito Partners |language=en-US}}</ref><ref>{{Cite web |title=A. Kesenfeldam piederoši uzņēmumi izveidojuši meža nozares kreditēšanas kompāniju “Silva Finance” |url=https://www.liepajniekiem.lv/zinas/bizness/kesenfeldam-piederosi-uznemumi-izveidojusi-meza-nozares-kreditesanas-kompaniju-silva-finance/ |access-date=2025-01-22 |website=liepajniekiem.lv |language=lv}}</ref> Kesenfelds is an ], funding startups in exchange for equity.<ref>{{Cite web |title=Aigars Kesenfelds investment portfolio {{!}} PitchBook |url=https://pitchbook.com/profiles/investor/436044-52 |access-date=2025-01-22 |website=pitchbook.com |language=en}}</ref> He also owns 77% shares at Merito Partners SIA.<ref>{{Cite web |title=About Us |url=https://meritopartners.com/about-us/ |access-date=2025-01-22 |website=Merito Partners |language=en-US}}</ref><ref>{{Cite web |title=A. Kesenfeldam piederoši uzņēmumi izveidojuši meža nozares kreditēšanas kompāniju “Silva Finance” |url=https://www.liepajniekiem.lv/zinas/bizness/kesenfeldam-piederosi-uznemumi-izveidojusi-meza-nozares-kreditesanas-kompaniju-silva-finance/ |access-date=2025-01-22 |website=liepajniekiem.lv |language=lv}}</ref>



== Personal life == == Personal life ==

Revision as of 11:45, 22 January 2025

Aigars Kesenfelds (born November 2, 1983) is a Latvian entrepreneur and investor, known for his contributions to the financial technology sector and various industries. He is reported to be the owner of over 100 companies in Latvia, and owns a 43% stake in Luxembourg-registered Eleving Group S.A..

Early life

Kesenfelds was born into a family of businessman Ivars Kesenfelds. At the age of 19 Kesenfelds managed a family-owned cinema in Liepāja. He later studied at the Stockholm School of Economics in Riga, where he co-founded the payday loan company 4Finance in 2008.

Business Ventures

4Finance

In 2008, Kesenfelds co-founded 4Finance, a company specializing in short-term, high-interest loans under brands like Vivus.lv and SMS Credit. In 2013, 4Finance was sold to Russian billionaire Oleg Boyko for over €100 million.

International expansion

After selling 4Finance, Kesenfelds diversified his investments, establishing or acquiring around 150 companies across 20+ countries, employing approximately 4,000 people. By 2019, these ventures reported a combined turnover of €384 million.

Monego in Kosovo

Kesenfelds founded Monego, a financial institution in Kosovo, operating over 30 branches and serving 80,000+ customers. In December 2019, the Central Bank of Kosovo revoked Monego’s license due to concerns over high-interest rates. Kesenfelds contested the decision through legal channels.

Investment activities

Kesenfelds is an angel investor, funding startups in exchange for equity. He also owns 77% shares at Merito Partners SIA.


Personal life

Kesenfelds maintains a low public profile, rarely engaging with the media. However, he has made public statements regarding Monego’s license revocation in Kosovo.

References

  1. "Aigars Kesenfelds, Merito Partners Sia: Profile and Biography". Bloomberg.com. Retrieved 2025-01-22.
  2. "Kesenfelds Aigars | B2BHint". Kesenfelds Aigars | B2BHint. Retrieved 2025-01-22.
  3. "Re:Baltica profiles little-known Latvian entrepreneur, one of country's richest individuals". eng.lsm.lv. Retrieved 2025-01-22.
  4. "Aigars Kesenfelds – patiesais labuma guvējs vairāk nekā 100 uzņēmumos". blog.lursoft.lv (in Latvian). Retrieved 2025-01-22.
  5. "Eleving - Prospectus dated 20 September 2024" (PDF).
  6. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
  7. "Experiences of Aigars Kesenfelds: Current and past positions - MarketScreener". uk.marketscreener.com. Retrieved 2025-01-22.
  8. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
  9. Geopost, The (2022-01-20). "The "King" of Quick Loans". The Geopost. Retrieved 2025-01-22.
  10. "Sanctioned Russian oligarch benefits from fast loans in North Macedonia". Telegrafi. 2023-06-23. Retrieved 2025-01-22.
  11. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
  12. "Kesenfelds from Monego: The decision to withdraw the license was unexpected, we did not receive a warning from CBK". Telegrafi. 2020-01-14. Retrieved 2025-01-22.
  13. "Kesenfelds from Monego: The decision to withdraw the license was unexpected, we did not receive a warning from CBK". Telegrafi. 2020-01-14. Retrieved 2025-01-22.
  14. "Aigars Kesenfelds investment portfolio | PitchBook". pitchbook.com. Retrieved 2025-01-22.
  15. "About Us". Merito Partners. Retrieved 2025-01-22.
  16. "A. Kesenfeldam piederoši uzņēmumi izveidojuši meža nozares kreditēšanas kompāniju "Silva Finance"". liepajniekiem.lv (in Latvian). Retrieved 2025-01-22.
  17. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
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