Inbank Fuels Baltic Push with €5.3M, Hits Record €236M Valuation

TALLINN, ESTONIA – January 05, 2026 – Estonian financial technology company Inbank has successfully closed a €5.3 million direct share offering, a move that propels its market valuation to an all-time high of €236 million and signals a powerful vote of confidence from the investment community. The new capital is earmarked to accelerate the expansion of its recently acquired full-service car rental subsidiary, Mobire Group, across the Baltic region.

The offering, which ran from December 15 to December 29, 2025, saw the issuance of 265,000 new shares to a select group of 25 existing and new investors. Priced at €20 per share, the transaction reflects strong belief in Inbank's strategic direction, combining a nominal value of €0.10 with a substantial share premium of €19.90. The capital infusion not only strengthens the company's balance sheet but also sets the stage for a significant strategic push into the rapidly evolving mobility sector.

A Strategic Bet on Mobility's Future

The fresh capital injection is directly tied to Inbank's ambitious plans for Mobire Group, a company it fully acquired in November 2025. This acquisition was the culmination of a multi-year strategy, which began in December 2020 when Inbank first took a 53% stake in the car rental firm. The bank progressively increased its ownership, recognizing the immense potential in the shift from traditional car ownership to subscription-based "car-as-a-service" models.

Mobire is already a dominant force in the Baltics, operating independently in Estonia, Latvia, and Lithuania. With a fleet of over 4,800 vehicles and a reported consolidated turnover of €47.4 million in 2024, it offers a comprehensive suite of mobility solutions. These range from long-term full-service leases (12-60 months) to flexible short-term rentals (1-12 months), catering to both private individuals and corporate clients.

By taking full ownership, Inbank is positioning itself at the intersection of finance and mobility. The move allows the fintech firm to embed its financing solutions directly into a high-growth consumer service, creating a powerful synergy. The capital raise will provide Mobire with the necessary funding—a critical component of its business model—to expand its fleet, enhance its service offerings, and solidify its leadership position in a market increasingly favouring usage over ownership.

Riding the Embedded Finance Wave

This strategic expansion into mobility is anchored by Inbank's core strength in embedded finance. As a licensed EU bank, Inbank operates a sophisticated platform that connects over 5,900 merchants with more than 915,000 active customer contracts across seven European markets. Its model focuses on providing seamless, integrated financing solutions at the point of sale, whether for electronics, home improvement, or, increasingly, mobility.

The timing is opportune. The European embedded finance market is experiencing explosive growth, driven by consumer demand for frictionless digital experiences and supportive regulatory frameworks like PSD2 and the upcoming PSD3. Market analysts project the sector's value in Europe to surge, with some forecasts suggesting it could reach nearly €100 billion by the end of the decade, capturing a significant portion of traditional banking revenue pools.

Inbank’s business model is perfectly aligned with this trend. By embedding itself within merchant ecosystems, it captures customers at the moment of purchasing intent, making financing a natural and invisible part of the transaction. The full acquisition of Mobire is a textbook example of this strategy in action, transforming a car rental service into a powerful distribution channel for its financial products.

Financial Strength and Investor Confidence

The success of the share offering is a clear endorsement of this strategy. The robust interest from both new and existing shareholders underscores a deep confidence in the company's financial health and growth trajectory. Inbank’s recent performance provides a solid foundation for this optimism. In the third quarter of 2025, the company reported its highest-ever originated sales volume of €204 million, a 14% year-on-year increase. Its consolidated net profit for the same period soared by 62% to €5 million.

This performance is part of a consistent trend of growth in sales, profitability, and portfolio volume. As of Q3 2025, Inbank's total assets stood at €1.59 billion, with its loan and rental portfolio growing 11% year-on-year to €1.24 billion.

Marko Varik, CFO of Inbank, commented on the successful capital raise in a statement. “We are pleased to see such strong interest in Inbank’s share issue, reflecting broad-based support from both existing and many new investors and confidence in our business model and financial performance,” he said. “Our goal is to deliver long-term value to our shareholders, and it is encouraging to see Inbank’s market value reach an all-time high of €236 million following the capital raise.”

Following the registration of the share capital increase, Inbank’s total share capital will stand at €1,178,816.30, represented by 11,788,163 shares, further solidifying its financial base for future ventures.

The Road Ahead for Inbank and Mobire

With regulatory approval for the final tranche of the Mobire acquisition expected in the first quarter of 2026, Inbank is poised to hit the ground running. The €5.3 million in new funding will act as a high-octane fuel for Mobire’s expansion, enabling it to aggressively compete in the Baltic mobility market. This involves not only growing its vehicle fleet but also innovating its service offerings to meet the evolving demands of a modern consumer base that values flexibility and convenience.

The integration of Inbank's fintech capabilities with Mobire's operational expertise in the automotive sector creates a formidable competitor. This move is more than just a financial investment; it represents a strategic fusion of technology, finance, and consumer services. As Inbank continues to blur the lines between banking and commerce, its deep dive into the mobility-as-a-service market may well become a blueprint for the future of embedded finance across Europe. The journey ahead will test the company's ability to seamlessly integrate its new subsidiary while navigating the competitive landscape, but the recent capital raise ensures it begins this next chapter from a position of significant strength.