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Aigars Kesenfelds

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This is an old revision of this page, as edited by YitzhakNat (talk | contribs) at 11:36, 22 January 2025 (←Created page with ''''Aigars Kesenfelds''' (born November 2, 1983) is a Latvian entrepreneur and investor, known for his contributions to the financial technology sector and various industries.<ref>{{Cite web |title=Aigars Kesenfelds, Merito Partners Sia: Profile and Biography |url=https://www.bloomberg.com/profile/person/23254676 |access-date=2025-01-22 |website=Bloomberg.com |language=en}}</ref> He is reportedly the owner of over 100 companies in Latvia.<ref>{{...'). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Revision as of 11:36, 22 January 2025 by YitzhakNat (talk | contribs) (←Created page with ''''Aigars Kesenfelds''' (born November 2, 1983) is a Latvian entrepreneur and investor, known for his contributions to the financial technology sector and various industries.<ref>{{Cite web |title=Aigars Kesenfelds, Merito Partners Sia: Profile and Biography |url=https://www.bloomberg.com/profile/person/23254676 |access-date=2025-01-22 |website=Bloomberg.com |language=en}}</ref> He is reportedly the owner of over 100 companies in Latvia.<ref>{{...')(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

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 reportedly the owner of over 100 companies in Latvia. And owns a 43% share 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 is also a partner 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. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
  8. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
  9. "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.
  10. "Aigars Kesenfelds investment portfolio | PitchBook". pitchbook.com. Retrieved 2025-01-22.
  11. "About Us". Merito Partners. Retrieved 2025-01-22.
  12. "The payday loan millionaire | Re:Baltica". Retrieved 2025-01-22.
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