# Citadele Banka AS

> Citadele Banka AS is a VC fund in Riga backing FinTech and Financial Services. See 2 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Location: Riga, Latvia
- Total investments: 2
- Last investment: Oct 2024
- Lead investor: 100%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/citadele-banka-lv
- Website: https://x.com/Citadele
- Facebook: http://www.facebook.com/bankaCitadele

Citadele Banka AS is a VC fund in Riga focused on FinTech and Financial Services. Citadel is a Latvian local bank that offers banking, financial and wealth management services. Citadel basic groups in the Baltic states - Latvia, Lithuania and Estonia. Bank Citadel is the only partner of American Express Latvian and Lithuania who is entitled to issue American Express credit cards. Citadel's vision is to become the mostvaluable local financial group in the Baltic countries. Baltic Institute of Corporate Governance study in 2012, the bank Citadel recognized as the best managed state-owned enterprises in the Baltics. 75% minus one bank Citadel shares owned by JSC "Privatization Agency", but 25% plus one share is owned by the European Bank for Reconstruction and Development.

## Contacts

5 contacts available for Citadele Banka AS. Shizune tracks 1 team members at Citadele Banka AS. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/citadele-banka-as?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 100% |
| Financial Services | 2 | 100% |
| Finance | 1 | 50% |
| Funding Platform | 1 | 50% |
| Information Services | 1 | 50% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Debt | 1 | 50% |
| Debt Financing | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Latvia | 1 | 50% |
| Lithuania | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Johan Akerblom | Chief Executive Officer & Chairman | 0 | https://shizune.co/investors/profile/johan-akerblom |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| DelfinGroup | DelfinGroup provides consumer financial services in Latvia, including loans, pawnbroking, and money transfers. Our future vision is built on current investments in IT solutions, brand growth, and ambitious management. The company's growth is driven by its business strategy, | $5.3M | Post-IPO Debt | Oct 22, 2024 | https://www.delfingroup.lv/company |
| smeGo | Develop your business instead of worrying about the cash flow.SME Finance has a vision to help business grow as smoothly as possible by offering quick and easy funding solutions through invoice finance (factoring), business loans and leasing. With a team of motivated professionals, we have one goal in mind – enable all SME companies acrossNorthern Europe region access financing without any hassle. | $10.9M | Debt Financing | Mar 18, 2020 | https://www.smefinance.eu/ |

2 of 2 investments shown.

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## FAQ

### What does Citadele Banka AS invest in?

Citadele Banka AS invests primarily in FinTech, Financial Services and Finance startups, most often at Post-IPO Debt and Debt Financing stage. Most of the 2 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Citadele Banka AS?

Public channels for Citadele Banka AS include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Citadele Banka AS?

The team at Citadele Banka AS includes Johan Akerblom (Chief Executive Officer & Chairman). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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