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Inbank issued €5.3 million worth of new shares
Globenewswire· 2026-01-05 07:30
Core Viewpoint - Inbank has successfully raised €5.3 million through a direct offering, increasing its market value to €236 million, which reflects strong investor confidence in its business model and financial performance [1][3]. Group 1: Capital Raise Details - Inbank issued 265,000 new shares at a price of €20 each, with a nominal value of €0.10 and a share premium of €19.90 [1]. - The subscription period for the share offering was from 15 December 2025 to 29 December 2025 [1]. - Following the capital increase, Inbank's share capital will amount to €1,178,816.30, and the total number of shares will be 11,788,163 [1]. Group 2: Strategic Positioning - The additional capital will enable Inbank to support the expansion of Mobire Group, a full-service car rental company fully acquired by Inbank in November 2025 [2]. - Inbank operates as a financial technology company with an EU banking license, connecting merchants, consumers, and financial institutions through its embedded finance platform [3]. - The company partners with over 5,900 merchants and has more than 915,000 active contracts, collecting deposits across seven European markets [3]. Group 3: Investor Sentiment - Marko Varik, CFO of Inbank, expressed satisfaction with the strong interest in the share issue, indicating broad-based support from both existing and new investors [3]. - The capital raise has led to Inbank's market value reaching an all-time high of €236 million, showcasing investor confidence in the company's long-term value proposition [3].
Inbank extends the mandates of Piret Paulus and Erik Kaju on the Management Board
Globenewswire· 2025-10-31 14:30
Core Insights - The Supervisory Board of AS Inbank has extended the mandates of Piret Paulus and Erik Kaju as Members of the Management Board for three more years, indicating confidence in their leadership and strategic direction [1][2] Management Board Composition - The Management Board of AS Inbank consists of eight members, including Chairman and CEO Priit Põldoja, CFO Marko Varik, and other key positions such as Head of Baltic Business and Head of Risk Control [3] Leadership Experience - Piret Paulus has been with Inbank since 2017, focusing on growth and business development, and has extensive experience in the financial sector, including previous roles at Swedbank and Coop Finants [1] - Erik Kaju, who joined the Management Board in 2022, is responsible for product development and technology, having led technology teams at Wise for eight years prior to his role at Inbank [2] Company Overview - Inbank operates as a financial technology company with an EU banking license, facilitating connections between merchants, consumers, and financial institutions through its embedded finance platform [4] - The company partners with over 5,700 merchants and has more than 931,000 active contracts, collecting deposits across seven European markets [4] - Inbank's bonds are listed on the Nasdaq Tallinn Stock Exchange, indicating its presence in the capital markets [4]