About Instabank
Instabank is a company based in Oslo (Norway) founded in 2016 was acquired by Lunar in March 2022.. The company has 28 employees as of December 31, 2019. Instabank offers products and services including Refinansiering Loan, Instabank Credit Card, Sparekonto, and Bilateral Insurance. Instabank operates in a competitive market with competitors including Lunar, Bank Norwegian, Sbanken, Lea bank and Komplett Bank, among others.
- Headquarter Oslo, Norway
- Employees 28 as on 31 Dec, 2019
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Instabank Asa
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Products & Services of Instabank
Instabank offers a comprehensive portfolio of products and services, including Refinansiering Loan, Instabank Credit Card, Sparekonto, and Bilateral Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables debt refinancing for lower interest rates.
Provides credit with a low 17.9% interest rate.
Offers secure savings account for personal funds.
Covers payment protection and related risks.
Funding Insights of Instabank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Post-IPO - Instabank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Instabank
Instabank has secured backing from 1 investor. Prominent investors backing the company include Lunar. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Lunar is recognized as a digital bank offering innovative financial solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Instabank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Instabank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Instabank Comparisons
Competitors of Instabank
Instabank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lunar, Bank Norwegian, Sbanken, Lea bank and Komplett Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lunar is recognized as a digital bank offering innovative financial solutions.
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| domain | founded_year | HQ Location |
Digital bank for individuals
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| domain | founded_year | HQ Location |
Digital bank for consumers and businesses
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| domain | founded_year | HQ Location |
Digital retail banking services are offered to customers in Norway.
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| domain | founded_year | HQ Location |
Retail banking services are provided to individual customers in Norway.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Instabank
Frequently Asked Questions about Instabank
When was Instabank founded?
Instabank was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Where is Instabank located?
Instabank is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
How many employees does Instabank have?
As of Dec 31, 2019, the latest employee count at Instabank is 28.
What is the annual revenue of Instabank?
Annual revenue of Instabank is $37.22M as on Dec 31, 2021.
What does Instabank do?
Instabank was founded in 2016 in Oslo, Norway, as an internet-first bank in the financial services sector. Deposits in high-interest savings accounts are insured up to 2 million. Consumer loans, refinancing options, and vehicle loans are provided to customers. Money transfers and bill payments are facilitated through online accounts, with operations centered in Norway.
Who are the top competitors of Instabank?
What products or services does Instabank offer?
Instabank offers Refinansiering Loan, Instabank Credit Card, Sparekonto, and Bilateral Insurance.
Who are Instabank's investors?
Instabank has 1 investor. Key investors include Lunar.
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