“Raising capital is a natural part of our strategy to ensure Inbank’s sustainable growth and to continue further international expansion,” said Inbank CEO Priit Põldoja. “We have kept Inbank’s growth disciplined and focused primarily on profitability, while our margins have improved against a backdrop of falling interest rates. A stronger and more diversified capital base allows us to accelerate international growth and continue investing in both technology and new products,” Põldoja explained.
According to Inbank CFO Marko Varik, this is the company’s fifth public bond issuance. “We are diversifying our sources of financing to maintain a strong capital position that supports both Inbank’s international growth and stable returns for investors. Previous issuances have been successful and affirmed that the market trusts our strategy and financial strength,” added Varik.
This is the first series under Inbank’s bond program launched in September this year, under which the bank can issue up to €60 million in bonds over a 40‑month period. In the event of oversubscription, Inbank has the right to increase the offering by up to 5,000 additional bonds, which would raise the total number of bonds to 10,000. Inbank’s subordinated bonds with a ten‑year maturity are offered at a price of €1,000 per bond, interest is paid quarterly, and the first interest payment is scheduled for December 2025.
The subscription period for the bonds begins on September 23 at 10:00 and ends on October 3 at 16:00. The bonds will be listed on the Baltic bond list of Nasdaq Tallinn on October 10 or on a date close to that.
In 2023, the original bond issuance of €6 million by Inbank was subscribed 7.6 times over, and the bank issued bonds for a total of €8 million.
Inbank is a fintech company licensed as a bank in the European Union that connects merchants, consumers, and financial institutions via a next‑generation embedded finance platform. In cooperation with more than 5,700 merchants, Inbank has over 931,000 active contracts, and collects deposits in seven European countries. Inbank’s bonds are listed on Nasdaq Tallinn.
