Inbank

Inbank Services

Inbank provides a broad range of financing solutions tailored for both online and offline merchants. The company supports sustainable living initiatives by financing solar panels and heat pumps. Inbank also offers digital car financing solutions for car classifieds and dealers across Europe. Additionally, it operates a turn-key rental service for mobility and technology. Inbank's Mastercard-powered payment app includes features such as cashback, purchase and travel insurance, and special deals. Personal loans of up to €30,000 with flexible payment plans are also available.

Inbank Market Presence

Inbank operates in 8 markets across Europe and works with more than 5,800 retailers. They maintain over 896,000 active contracts with shoppers, demonstrating a significant presence in the European financial sector. Investments in various regions include the acquisition of Mokilizingas in Lithuania and the establishment of a branch in Czechia.

Inbank Financial Performance

In 2023, Inbank reported a GMV of €687.7 million, a total net income of €60.2 million, and a net profit of €10.2 million. The company's total assets amounted to €1,320.6 million, with a loan and rental portfolio of €1,030.2 million and a deposit portfolio of €1,081.6 million. Equity was reported at €124.1 million, with a Return on Equity (ROE) of 9.3% and a Return on Total Assets of 0.9%. The net interest margin stood at 5.2%, impairment losses to the loan portfolio were 1.5%, and the cost/income ratio was 61.4%.

Inbank History

Inbank has a history of consistent growth, with 11 years of profitable performance. The company obtained a banking license in 2015 and has since listed bonds on the Nasdaq Baltic Stock Exchange. Key milestones include the acquisition of Mokilizingas in Lithuania in 2018, increasing its shareholding in Maksekeskus to 30% in 2019, and acquiring a 53% shareholding in Mobire in 2020. In 2021, Inbank invested 30% in Paywerk, a BNPL as a service provider. Establishing a branch in Czechia in 2022 further extended its market presence.

Inbank Retail Partnerships

Inbank collaborates with more than 5,800 retailers, providing tailored financing solutions. The company handles all credit and fraud risk for its retail partners, enabling smoother operations and financial stability for these retailers. By offering comprehensive financing options, Inbank supports a wide array of retail businesses in multiple European markets, helping them to grow and manage risk effectively.