Industries · IT-STARTUPI

IT startups — Mintos, Printful, Lokalise heritage

The Latvian IT scene is growing with Mintos (P2P lending), Printful (print-on-demand), Lokalise (localization SaaS), TWINO (fintech). Startups use recurring SaaS billing EUR/USD, cap table management, employee option schemes, EU Horizon Europe grant funding. 4b2b supports cap table, option vesting, multi-currency recurring billing, ESOP module.

01
Challenge

We closed a seed round — investors want a real-time cap table.

Answer

Cap table module: common/preferred shares, options, SAFE/convertible. Investor portal with historical snapshots and dilution calculations.

02
Challenge

We sell SaaS in the US — how to record USD revenue?

Answer

Multi-currency invoices: USD invoice converted to EUR at the Bank of Latvia rate on issue date. Exchange differences automatically posted to P&L.

03
Challenge

Employee options — how to report in GDLU?

Answer

ESOP module: grant date, exercise price, vesting schedule. On exercise, taxable spread reported in GDLU as other income subject to IIN, plus VSAOI if employed.

Modules activated for IT startups

Built for your industry in Latvia

The 4b2b ecosystem combines EDS, MUN, VAT and VID reports in one platform. Industry configurations activate by NACE code.