EasyCars Expands Its Fleet in Riga and Tallinn with EUR 1.3 Million in Financing from Signet Bank

Signet Bank has provided EUR 1.3 million in financing to short-term car rental company EasyCars. The financing will be used to expand the company’s vehicle fleet, strengthening its operational capacity and increasing vehicle availability for customers at Riga and Tallinn airports.

The financing will enable EasyCars to expand its rental fleet and continue developing its services in one of the key segments of the car rental market – serving airport customers. The company provides short-term car rental services at both Riga and Tallinn airports, covering two major passenger traffic hubs in the Baltic region.

“We believe that car rental is about more than simply handing over a vehicle ­– it is often one of the first experiences that shapes a visitor’s impression of our country. Operating at Riga Airport, we are frequently among the first service providers travelers encounter after a long flight. That is why we want to welcome them with professional and responsive service, giving them confidence that they will have an enjoyable journey throughout Latvia. 2026 is an important year of growth for EasyCars – in cooperation with Signet Bank, we have expanded our fleet with new, high-quality vehicles and launched operations in Tallinn. The financing enables us to continue investing in our development, strengthen our position in the Baltic market, and enhance the customer experience. Our goal is to become one of the most trusted car rental companies in the Baltics,” says Arnis Daģis, Director of EasyCars.

“Ambitious local companies with the ability to grow beyond a single market are an important part of the Baltic region’s economic development. EasyCars’ growth demonstrates how targeted investment and a clear vision for development can enable companies to steadily strengthen their presence across the region. Signet Bank’s role is to be a partner to businesses at these stages of growth, providing the capital needed to realize their ambitions and build long-term competitiveness through both lending and capital markets financing,” says Ineta Done, Member of the Management Board at Signet Bank.

About EasyCars

EasyCars is a Latvian company founded in 2018 with the goal of providing a modern, customer-friendly car rental service built around quality, transparent terms, and reliable customer service.

About Signet Bank: 

Signet Bank is Latvia’s leading investment bank. Founded in 1991, it is one of the first banks established following the restoration of Latvia’s independence. Signet Bank provides sustainable financing and investment solutions to local entrepreneurs and businesses. Since 2021, Signet Bank has helped more than 50 Latvian companies raise over EUR 1 billion through bond and equity issuances, while providing an additional EUR 500 million in new lending transactions. In 2025, assets under management reached EUR 1.7 billion. Signet Bank is the leading arranger of corporate bond and equity issuances in Latvia and one of the leading stockbrokers in the Baltic region. The Bank’s shareholders include 47 Latvian and international private investors. The largest shareholders are Signet Acquisition III (20.4%), wholly owned by U.S. investor Alexander Solovey; SIA Reglink (9.6%), founded by banking professional Irīna Pīgozne; and AS RIT Group (9.4%), a Latvian company owned by the Rapoport family.