Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Artūrs Šaburovs

Artūrs Šaburovs

Riga

Summary

Results-driven Financial Executive with 20+ years in banking, fintech, and consumer lending across EU & Baltic markets, specializing in lending products (car loans, P2P, consumer credit), regulatory compliance (PCI DSS), and process automation. Proven track record in scaling portfolios to €100M+, capturing 10% market share, and launching multi-channel sales (POS/online). Successfully led market entries, partnered with 6,000+ retailers, and optimized CRM systems to enhance profitability.

Strategic Leader with expertise in risk management, turnaround operations, and cross-functional team leadership. Adept at driving growth, stakeholder engagement, and operational excellence with a focus on digital transformation (AI, automation). Recognized for building high-performance teams, improving efficiency, and executing data-driven strategies. Seeking a senior executive role to leverage financial acumen and leadership in dynamic lending environments.

Overview

28
28
years of professional experience

Work History

Managing Director

Majibu Africa
08.2024 - Current
  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals.
  • Strengthened client relationships with regular communication, timely project delivery, and high-quality services.
  • Increased overall company performance by implementing strategic management initiatives and streamlining operations.
  • Developed comprehensive business plans, outlining long-term goals and actionable steps toward success.
  • Oversaw complex negotiations with suppliers/vendors for favorable contract terms that led to cost savings.
  • Optimized resource allocation for improved efficiency and profitability across all departments.
  • Delivered consistent revenue growth by identifying new business opportunities and expanding service offerings.

Executive Director

Lasma Motors
05.2024 - Current
  • Conduct comprehensive market and competitor analysis to identify growth opportunities in auto lending/rental sector
  • Develop and implement risk management policies for financial products (credit scoring, fraud prevention, compliance)
  • Lead end-to-end product development - from concept to launch - for auto loan/rental products
  • Establish and manage strategic partnerships with suppliers, dealers, and distribution channels
  • Build and lead high-performing teams through recruitment and development of key personnel
  • Oversee financial planning including budgeting, forecasting, and funding strategies for new products

Executive Director

Lotosa Zieds 99
09.2023 - Current
  • Worked closely with organizational leadership and board of directors to guide operational strategy.
  • Oversaw financial management, ensuring fiscal responsibility and long-term sustainability for the organization.
  • Design and implement a full-cycle CRM system to optimize customer acquisition, retention, and service.
  • Establish pricing strategies for rental/loan products, balancing demand and profitability.
  • Monitor financial performance, adjusting strategies to maximize revenue and cost efficiency.
  • Define and enforce risk policies (credit, fraud, compliance) to minimize losses.
  • Manage budget planning, forecasting, and cost control for product operations.

CEO

Mandarin Baltic
01.2019 - Current
  • Company establishment in Latvia, licensing process for EU market (PCI DSS), market entrance strategy development and execution, budgeting-budget execution follows up, group procedure adjustment for EU market specifics
  • EU market analysis and product development, key two products:
  • “Pay” product (PSP product)– online payment acquiring, for EU customers (low risk partner attraction)
  • “Life” product (VISA award Fintech 2021) – full service broker, focus on trainings, sports, travel, education product online/POS merchants: development of partner retail network, partner attraction, partner onboarding, campaign budgeting, budget follow-up

CCO

Eurolombard
11.2022 - 05.2023
  • Conduct market analysis to identify opportunities for car loan products.
  • Develop and execute market entry strategies for new regions/customer segments.
  • Design, launch, and optimize car loan products, ensuring competitive pricing and features.
  • Establish and manage sales channels (dealerships, digital platforms, brokers).
  • Oversee product budget planning, cost control, and profitability tracking.
  • Define and enforce risk policies (credit scoring, compliance, fraud prevention).
  • Lead recruitment and training of sales/risk teams to support growth.

Country manager

Blender Lithuania Latvijas filiāle
02.2019 - 06.2022
  • Licensing process: Company internal Procedure / documentation adjustment to market specifics
  • Process development, such as: application process, taking decision process, loan issue process, collection process, customer support etc
  • CRM adjustment to Latvian market requirement
  • Development of products: car loan, consumer loan etc
  • Development of sales channels (POS / Online)
  • Management of personnel (underwriters / customer support / sales team)
  • Cooperation with suppliers (data providers, service providers, customer providers, government instances, regulator etc.)

Executive Director

P2P platrform & MKK / MFK (russia / EU)
09.2018 - 02.2019
  • Development of criteria for Loan providers, who would like to attract founds on P2P platform
  • Potential Loan provider search and onboarding in Russia and Europe
  • Development of cooperation process with Loan providers
  • Full audit of company, to evaluate company value and prepare company further development plan (financial audit, process audit, product audit, portfolio audit, etc)
  • New CRM development and implementation
  • Rebranding of the company, open new sales channels, automatize all processes
  • Development and implementation of new product (for example car loan)

CEO

Inbank Līzings JSC
09.2014 - 05.2017
  • Company establishment in Latvia, licencing process (nonbank loan issue license, GDPR licence etc.)
  • Market entrance strategy development, budgeting, budget follow-up, company structure set-up, KPI setup, trainings for team leaders and employees, as well development, implementation and improvement of CRM (back end/front end for POS and Online channels, with all necessary functionality, including all automatic processes – sales/marketing, invoicing, collection, accounting etc.), for such products as: hire purchase, car loan, consumer loan
  • Partner attraction (POS/ONLINE), partner onboarding, partner performance follow-up, partner campaign development, budgeting and campaign execution follow-up
  • Report preparation and presentation to Management board and investors of company
  • Achievements:
  • Developed fully automatic decision process for loans up to 10,000 €, including automatic data exchange with VSAA and LBKR
  • Developed and launched; Hire purchase, Car loan, Consumer loan products, API for all products
  • Reached profit in 8-month period from “Go Live”
  • Sold in first year more than 9 M €
  • Reached ~10% market share in 2-year period (non-bank loan provider segment)
  • Concluded more than 200 cooperation agreements with Retailers (POS and Online channel)

Head of Partner Relation (Product owner, Group)

BIGBANK A/S
05.2011 - 07.2014
  • Responsible for sales budget and quality of loan products coming through partners in Group
  • Creation and development of network of cooperation partner, support existing partner network (mapping potential cooperation partners, analysis of business cases)
  • Responsible for product improvement, development of procedures regarding cooperation partners, improving them
  • Organised and coordinated communications with Group subsidiaries with Group departments (Finance department, Risk Department, IT development department etc.)
  • Trainings and set up KPI for Group subsidiaries Sales Department employees
  • Key achievements:
  • Increased sales in one-year period from 3 M €, up to 35 M € (Latvia, Estonia, Lithuania, Finland)
  • First company who implemented fully automatic decisions up to 3 K €
  • First who implemented 'Multi step application' (short loan application, for customer)
  • Launched Hire purchase product in: Latvia, Estonia, Lithuania, Finland
  • Analysed and prepared Hire purchase and Car loan product for launch in: Spain, Sweden

Head of consumer finance department; Member of the Board ('Product owner' - all products related with private individuals)

NORVIK A/S; Norvik Līzings JSC; Lateko Lizingas JSC
04.2009 - 04.2010
  • Development of strategies for the entire range area of retail banking products - car loan, mortgages, cards, and consumer finance and wealth management to meet the P&L target
  • Monitoring of market penetration and achievements of product goals managed by product managers
  • Review and approve loan recommendations originated from various sales channels
  • Manage asset quality within benchmarks for consumer loan portfolios by means of prudent lending practices and constant review of lending policies/ guidelines
  • Manage internal and external product providers including marketing team, delivery channels to bring a product to launch and ensure customer experience the most effective and convenient sales and delivery process across all products and services
  • Identifies profitable opportunities for the products and directs the development of new and existing products
  • Key achievements:
  • Developed new products: Hire purchase and consumer loan product
  • Reorganized Collection department, collected more that 40% of unsecured loans (without collateral, OD 180+ customers)
  • Increased sales for: ~ 1 M € (with OD 60+: less then 1%)
  • Increased existing product profitability for more than 20%

Executive Director

Inserviss Group JSC (Societe Generale Consumer Finance)
07.1997 - 11.2008
  • Was in charge for sales & marketing area of company, including existing and new product development
  • Existing product portfolio control and development, new product development and implementation, KPI set up for sales & marketing departments
  • Coordination of daily work among other departments of the company, work with company’s business partners (managing, organising and representing the company and controlling the managers’ work with the company’s business partners)
  • Company’s key performance indicators’ calculations and statistical reports’ preparation, as well as comparison of actual results with the budget, sales team training and motivation scheme development
  • Key achievements:
  • In 5 years increased profit of the company 3 times
  • Developed and managed cooperation with more than 6000 partners (Online, POS sales channel)
  • Developed and implemented following products; Car loan product, Consumer loan product 'Cross border' credit card product

Education

Lawyer -

School of Business Administration Turiba
01.2003

Master of Business Administration -

Riga International School of Economics and Business Administration
03.2025

Skills

  • Strategic Financial Leadership
  • Risk Management & Compliance
  • P&L & Financial Acumen
  • Product Innovation & Market Positioning
  • Stakeholder & Partnership Management
  • Digital Transformation & Tech Savviness
  • Team Leadership & Talent Development

Languages

English
Advanced (C1)
Russian
Bilingual or Proficient (C2)
Latvian
Bilingual or Proficient (C2)

Timeline

Managing Director

Majibu Africa
08.2024 - Current

Executive Director

Lasma Motors
05.2024 - Current

Executive Director

Lotosa Zieds 99
09.2023 - Current

CCO

Eurolombard
11.2022 - 05.2023

Country manager

Blender Lithuania Latvijas filiāle
02.2019 - 06.2022

CEO

Mandarin Baltic
01.2019 - Current

Executive Director

P2P platrform & MKK / MFK (russia / EU)
09.2018 - 02.2019

CEO

Inbank Līzings JSC
09.2014 - 05.2017

Head of Partner Relation (Product owner, Group)

BIGBANK A/S
05.2011 - 07.2014

Head of consumer finance department; Member of the Board ('Product owner' - all products related with private individuals)

NORVIK A/S; Norvik Līzings JSC; Lateko Lizingas JSC
04.2009 - 04.2010

Executive Director

Inserviss Group JSC (Societe Generale Consumer Finance)
07.1997 - 11.2008

Master of Business Administration -

Riga International School of Economics and Business Administration

Lawyer -

School of Business Administration Turiba

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Artūrs Šaburovs