Inbank

Name

Inbank

Legal name

SIA Inbank Latvia

Website

https://www.inbank.lv

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Sales Financing (522220), Credit Intermediation and Related Activities (522), Sales Financing (52222)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSAKACAE

BNPL Platform Infrastructure (APIs, Orchestration, Merchant Tools)

Financial & Insurance/Lending & Consumer Finance/Buy Now, Pay Later (BNPL)

SECONDARYFSAKACAA

Merchant-Integrated BNPL (Online Checkout)

Financial & Insurance/Lending & Consumer Finance/Buy Now, Pay Later (BNPL)

SECONDARYFSAKACAB

In-Store / In-Person BNPL (POS)

Financial & Insurance/Lending & Consumer Finance/Buy Now, Pay Later (BNPL)

SECONDARYFSAKACAH

BNPL Servicing, Billing & Collections

Financial & Insurance/Lending & Consumer Finance/Buy Now, Pay Later (BNPL)

SECONDARYBPAMAFAG

Buy Now, Pay Later (BNPL) Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYCRAFALAD

Buy Now, Pay Later (BNPL)

Consumer Products & Retail/E-commerce & Marketplaces/Digital Payment Solutions for E-commerce

Keywords

• Consumer lending services
• Buy now pay later
• Auto financing loans
• Home renovation financing
• Digital banking Latvia

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Consumer Lending Interest Income: Interest income from consumer loans including personal loans, auto loans, housing loans, renovation loans, energy efficiency loans, and health loans. Interest rates are fixed for most products, with some tied to 6-month EURIBOR.
2. Loan Origination Fees: One-time processing fees charged at loan origination, typically 2.9% of the loan amount.
3. Monthly Account Servicing Fees: Monthly maintenance fee of €4.90 charged for loan account administration.
4. BNPL and Merchant Financing: Revenue from 'Pay Later' services and merchant financing partnerships where Inbank enables installment payments at partner retailers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Inbank operates as a licensed digital lender in Latvia under SIA Inbank Latvia, offering unsecured consumer loans (€300–€15,000), small housing loans, renovation loans, energy efficiency loans, health loans, auto loans and leasing, refinancing, Smart Rent, and a Maksā vēlāk (Pay Later) BNPL product. Applications are completed 100% online through a calculator, automated bank account verification, and remote signing via Smart-ID and eParaksts, with decisions in minutes and same- or next-business-day fund disbursement. Merchant partners integrate the lending and BNPL products at point of sale through a partner portal and developer API.

Product overview

Inbank is a Latvian financial services company operating under an EU banking license that offers a comprehensive portfolio of consumer and business financing products. The core offering includes unsecured loans for various purposes: Consumer Loans (Patēriņa kredīts, 300-15,000 EUR), Small Housing Loans (Mazais mājokļa kredīts, 10,000-30,000 EUR), Renovation Loans (Remonta kredīts, 2,000-10,000 EUR), Energy Efficiency Loans (Energoefektivitātes kredīts, 2,000-30,000 EUR), Health Loans (Veselības kredīts, 500-15,000 EUR with first month at 0 EUR), Auto Loans, and Auto Leasing. Additionally, Inbank provides Buy Now Pay Later services (Maksā vēlāk) and Smart Rent for both consumers and business partners. The company also offers refinancing solutions and specialized products for self-employed individuals. Business partners can integrate Inbank's financing solutions (Maksā vēlāk, Smart Rent, Auto Financing) through API/Developer Portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Loan (Patēriņa kredīts) Unsecured personal loan for everyday purchases and plans including household appliances, furniture, electronics, education, travel, and other personal needs. Amount €300–€15,000, term 6–72 months, interest from 8.9% fixed, 2.9% processing fee, €4.90 monthly servicing fee, no collateral or down payment required. Targeted at Latvian consumers aged 21+ with regular monthly income.
• Small Housing Loan (Mazais mājokļa kredīts) Unsecured loan for property purchase (summer house, countryside property, land) or construction and larger renovation, without mortgage collateral or down payment. Amount €10,000–€30,000, term 12–84 months, interest from 6.9% fixed. Targeted at Latvian consumers needing smaller housing financing.
• Renovation Loan (Remonta kredīts) Loan for home renovation, reconstruction, and improvement including building materials, professional services, plumbing, electrical work, floors, walls, and ceilings. Amount €2,000–€10,000, term 12–84 months, interest from 7.9% fixed, no collateral or renovation estimate required, 14-day consideration period for offers.
• Energy Efficiency Loan (Energoefektivitātes kredīts) Loan for housing improvements that reduce energy consumption, including heating system replacement, insulation, ventilation, windows, doors, and solar panels. Amount €2,000–€30,000, term 6–120 months, interest from 3.9% plus 6-month EURIBOR (variable component), with a 0% EURIBOR floor and no down payment or collateral required.
• Health Loan (Veselības kredīts) Loan for medical, dental, and aesthetic procedures covering dentistry, orthodontics, health procedures, laser eye correction, rehabilitation, and cosmetic surgery. Amount €500–€15,000, term 6–72 months, interest from 8.9% fixed, no processing fee, first monthly payment of €0 with a 55-day grace period.
• Car Loan (Auto kredīts) Loan for purchasing used cars or motorcycles without down payment, collateral, or mandatory KASKO insurance; the vehicle is registered in the buyer's name from day one. Targeted at Latvian consumers and available through merchant partners such as used car dealers.
• Car Leasing (Auto līzings) Vehicle leasing without down payment, with the option to choose a residual value at the end of the term to reduce monthly payments; the vehicle is registered in the buyer's name from purchase. Offered to Latvian consumers and business partners.
• Self-employed Credit (Kredīts pašnodarbinātajiem) Credit product designed for self-employed professionals in Latvia, with flexible documentation requirements suited to variable self-employed income. Used for personal or business-purpose financing such as equipment.
• Refinancing (Pārkreditācija) Credit refinancing service that consolidates existing loans held with other providers into a single Inbank loan, simplifying repayment for the borrower.
• Smart Rent Rent-to-own or leasing solution enabling customers to acquire goods through installment-based rental, available for both private individuals and business partners and integrated at partner merchant locations.
• Pay Later (Maksā vēlāk) Buy-now-pay-later service allowing customers to purchase immediately at partner merchants and pay in installments, available for both private individuals and business partners across fashion, electronics, health and beauty, green energy, home and garden, and other verticals.

Quantifiable outcome

• Loan decision in minutes
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Six partnerships are on record, tiered minor.

• Fashion RetailersminorChannel Partner/ Reseller/ DistributorPartnership with fashion retailers enabling customers to purchase products with Inbank financing or 'Pay Later' options at checkout.
• Used Car DealersminorChannel Partner/ Reseller/ DistributorPartnership with used automobile dealers for auto loans and auto leasing products offered at point of sale.
• Electronics RetailersminorChannel Partner/ Reseller/ DistributorPartnership with electronics retailers enabling installment financing for consumer electronics purchases.
• Health and Beauty ProvidersminorChannel Partner/ Reseller/ DistributorPartnership with healthcare and aesthetic clinics for health loan financing solutions.
• Green Energy CompaniesminorChannel Partner/ Reseller/ DistributorPartnership with renewable energy and solar panel installers for energy efficiency loan products.
• Home and Garden RetailersminorChannel Partner/ Reseller/ DistributorPartnership with home improvement and garden retailers for renovation and home improvement financing.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bigbank: Estonian-headquartered digital consumer lender offering unsecured personal loans, vehicle finance, and deposits across the Baltics and other EU markets. Closest like-for-like peer to Inbank given overlapping geography, product set (unsecured consumer + auto), and digital-first distribution model.
• TF Bank: Swedish-licensed, Germany-headquartered consumer and SME lender with significant Nordic and Baltic presence. Directly comparable on cross-border EU consumer-credit playbook, unsecured lending, and a B2B/B2C partner distribution model that mirrors Inbank's merchant integrations.
• Resurs Bank: Nordic retail finance and BNPL provider offering consumer loans, credit cards, and point-of-sale financing through retail partners. Overlaps with Inbank's BNPL/Maksā vēlāk proposition, retail partner distribution across verticals, and pan-Nordic/Baltic consumer-credit positioning.
• Zinia (part of TF Bank): BNPL and consumer-credit brand operated within the TF Bank group across the Nordics and Baltics. Direct competitor to Inbank's Pay Later and small-ticket installment products in overlapping geographies.
• Svea Bank: Nordic financial group providing consumer loans, invoice and installment financing, and e-commerce payment solutions. Comparable on multi-country European consumer-credit distribution and B2B financing integrations with merchants.

Regional players

• Coop Pank: Estonian retail bank with growing consumer lending, leasing, and BNPL offerings primarily in Estonia. Comparable Baltic-market consumer-credit competitor with similar digital ambitions, though focused on Estonia rather than Latvia.
• LHV Pank: Estonian bank with consumer lending, hire-purchase, and small-ticket credit products targeted at the Baltic retail market. Adjacent competitor in the same Baltic consumer-credit category, with broader deposit and SME franchises.

Broad incumbents

• Klarna: Global BNPL and consumer-finance incumbent operating across Europe with a bank license in Sweden. Overlaps with Inbank's Pay Later product, merchant POS/e-commerce integration model, and pan-European license-led growth strategy at a vastly larger scale.
• Riverty: Bertelsmann-owned European BNPL and consumer-finance provider with broad merchant integrations and invoice/installment products. Comparable on the B2B BNPL distribution model, though operating primarily in DACH and Western Europe rather than the Baltics.

Others

• Credendo: European credit-insurance and trade-credit group with regional presence including the Baltics. Not a direct lending competitor but an adjacent financial-services peer relevant for understanding Baltic credit risk benchmarks and the regional institutional investor base that funds local lenders like Inbank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/InbankLatvia
• LinkedInlinkedin.com/company/about
• Instagraminstagram.com/inbank.lv
• TikToktiktok.com/@inbank.latvia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inbank