Latvia-based fintech NordCard offers short-term loans for anyone who has a temporary shortage of income. NordCard was among the first company in Latvia to offer a service of Credit Line. When clients apply for a loan, the company decides how much they are eligible for, but not more than Eur 3,000. Then, they have a freedom to choose how to use the approved funds- he or she may not use it all, use it for short period of time and repay before the end of the month benefitting from zero interest rate, or use it as a long-term loan for up to 50 months. Despite the company's conservative lending approach, NordCard is showing solid year-on-year growth, its loan portfolio more than quadrupled in 2017 and it grew by 25% by the end of 2018. In near future, NordCard is planning to expand to Scandinavia. Since establishment, NordCard received 77,800 applications. As a result of a prudent selection process, they currently have 3,500 active and reliable clients. The loan portfolio as of December 2018 was Eur 2,300,000.