Inbank | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Inbank is a financial technology company based in Tallinn, Estonia, that operates with an EU banking license. It specializes in embedded...
Inbank is a financial technology company based in Tallinn, Estonia, that operates with an EU banking license. It specializes in embedded finance, connecting merchants, consumers, and financial institutions. With over 5,800 merchant partnerships and nearly 900,000 active contracts, Inbank offers a range of financing solutions, including buy now, pay later options and loans for various consumer needs. The company aims to provide seamless financial services both online and offline, enhancing the shopping experience.
Website
Headquarters
Tallinn, Harju
Size
201-500 employees
Industry
Banking
ποΈ Inbank Product and Pricing News β
π Inbank CEO, Management and Leadership Team β
βοΈ Inbank Alternatives and Competitors β
πΌ Inbank Hiring and Layoffs β
π€ Inbank Developer, Integration and Automation News β
π Inbank Financials, Fundraising and Valuation News β
ποΈ Inbank Product and Pricing News
- Inbank has integrated Google Pay as a payment solution.
- Inbank has expanded its operations to the Czech market despite economic uncertainties.
- Inbank's leadership principles, introduced at the end of 2024, have been nominated as a finalist for the HR act of the year by the Estonian HR Society.
- Inbank presented its services, including the new 'Smart Rent' solution now available in 'iDeal' stores, at the 'Prekyba 2025' project by 'Verslo ΕΎiniΕ³'.
- Inbank offers a 0% interest leasing option for 10 months in collaboration with Euronics.
- Inbank held its 22nd Product & Tech Week, featuring a 5-day hackathon, workshops, and external speakers, focusing on aligning with business goals.
- Inbank offers personal loans with flexible terms for pensioners, often accepting higher age limits up to 85 years compared to traditional banks.
- Inbank proposed changes to its articles of association for the March 31, 2025, shareholders' meeting, allowing the supervisory board to increase share capital by up to 76,000 euros.
π Inbank CEO, Management and Leadership Team
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Chief of Staff
[email protected] -
CFO[email protected]
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Founder & CEO[email protected]
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CTO[email protected]
βοΈ Inbank Alternatives and Competitors
- Fidor Bank AG |
- Pohjola Bank plc |
- Farmers & Merchants Bank |
- Citizens Investment Services |
- CCFBank |
- F&M Bank |
- NATIXIS Pfandbriefbank |
- Credit Suisse First Boston |
- First United Bank |
- First American Bank |
- Charles Schwab Bank
πΌ Inbank Hiring and Layoffs
- Inbank recently hired Wise's former Chief Technology Officer to strengthen its team.
- On March 31, 2025, Inbank's Supervisory Board will propose Isabel Faragalli and Sergei Anikin for election to the board, effective April 1, 2025, to enhance governance with their finance and tech expertise.
- Inbank added two new members to its supervisory board, including an individual who helped build an Estonian unicorn and another with nearly 30 years of experience in European capital markets.
- Maciej Pieczkowski, Head of CEE Region and General Manager of Inbank Poland, shared ambitious plans for 2025 while reflecting on the successes of 2024.
- Andrus Salusoo has joined Inbank as Country Manager in Estonia, previously working as a Vendor Relationship Manager at OP Bank in Estonia.
- Inbank is hiring a VP Retail Banking Administrator in Denver, CO with a salary range of $65,000 to $90,000 per year.
- Inbank has launched its annual Internship Program with applications open until March 13, offering paid positions in various teams from June to August.
- Erkki Raasuke is a member of the board at Inbank.
π€ Inbank Developer, Integration and Automation News
- Inbank has partnered with Montonio to offer pay-later and financing solutions to over 6,000 merchants across the Baltics.
- Inbank's Polish branch now contributes over 30% to the group's profits and has secured a deal with the European Investment Bank to provide over 700 million PLN in green loans for solar panels and energy systems in Poland.
- Inbank partnered with Montonio for pay-later solutions, sold a 21% stake in Paywerk AS to Swedbank AB, raised β¬10 million led by Swedbank pension funds, expanded Smart Rent with iDeal Group AS and DATART, and launched a synthetic securitisation with EIB, EIF, and the European Commission.
- Inbank partners with clinics and healthcare providers to offer installment payment options for medical services, as shared by Neringa Dulkinaite, Partner Sales Manager, on March 16.
- Inbank is providing installment payment services for season ticket purchases at the Ε½algiris arena.
- Vladimir O., Test Automation Lead at Inbank, implemented Playwright for functional tests across all frontend projects, integrating them into a unified CI pipeline to ensure stable development and early bug detection.
π Inbank Financials, Fundraising and Valuation News
- Inbank's fourth-quarter net profit dropped by 50% due to one-time costs, despite achieving a record total revenue of 20.7 million euros, a 28% increase from the previous year, and a record sales volume of 191 million euros, a 14% growth year-on-year.
- Inbank achieved a 26% increase in total net income to 75.5 million euros and a 20% rise in consolidated net profit to 12.2 million euros in 2024, driven by enhanced margins and an expanding portfolio in the Baltics and Central Eastern Europe.
- On January 14, Inbank concluded trading of its 2019 bonds, which offered early redemption and a 6% annual yield.
- Inbank Latvia achieved significant growth in 2024 with a 29% increase in installment and BNPL transactions, a 22.1% rise in auto financing, a 53% growth in new partners, and a 65% increase in sales contracts through partners.
- Inbank reports that vacation leasing and installment payments for travel are becoming increasingly popular among families in Latvia, with a 25% higher preference compared to individual travelers.
- Inbank reports that holiday leasing is increasingly popular among families, who choose this option 25% more often than individual travelers.
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