Indexo
“Can a Latvian pension-fund manager become a full-service digital challenger bank for the Baltic region by layering banking, investment, and embedded finance products on a modern cloud-native core?”
HQRiga, Latvia
IndustryFintech / SMB banking
The story
Indexo began as a Latvian investment management and pension fund operator (IPAS Indexo), managing 2nd and 3rd pillar pension assets for retail clients. The group subsequently obtained a banking license and launched AS INDEXO Banka, pivoting toward full-service digital banking powered by Mambu's cloud-native core banking platform. This embedded-finance move positions Indexo as a challenger bank in the Baltic region, combining asset management, pension products, and digital banking under a single group brand.
Last 12 months
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Regulated entities
Bank License
Latvia
AS INDEXO Banka
Investment Management
Latvia
IPAS "Indexo"
The stack
Accounting gap: none