Inbank is the newest bank in Estonia. Inbank grew out of financial technology company Cofi, which has become a leader in Estonian hire purchase market and has come up with several innovative products like co-branded credit cards with the largest Estonian retailer ETK. Today Inbank together with affiliated companies has already over 100 000 customers. Inbank started operating under banking license on 22. April with a launch of a successful deposit campaign.
Inbank has a unique, product based strategy. Focusing mostly on retail clients, Inbank offers and plans to offer specialised financial products to clients when and where they want them. Inbank does not have an ambition to become a traditional universal bank, but rather focus on special product categories like loans, cards, deposits and co-operate with clients home banks for convenient service. Inbank has been very successful by working with partners and continues to believe in distribution of financial products through partners and joint ventures in the future.
Inbank founded by financial entrepreneurs, Priit Põldoja and Jan Andresoo who have over 20 years of professional experience each. Inbank is capitalized with 7 million euros of equity and supported by well respected international entrepreneurs.