When Gazmend Selmani began his journey to establish IBAS, he had a clear vision: to create a financial institution that would not only modernize payment and investment services but also change the way individuals and businesses manage their finances. Identifying a gap in the market and a strong demand for innovation, he and his team built a platform that today stands out for its steady and rapid growth in the fintech sector.
IBAS AS A RESPONSE TO MARKET NEEDS
At a time when the financial market in Kosova lacked advanced digital solutions, IBAS emerged as a full-service platform catering to both individuals and businesses. With services covering payments, money transfers, loans, overdrafts, and the innovative “Buy Now, Pay Later” model, IBAS offers the most diverse selection in the market. Additionally, its investment advisory services for regulated financial markets make it a unique option not just in Kosova but in the region. Despite facing many challenges as a new institution, the IBAS team tackled them with dedication and speed.
FROM LOCAL GROWTH TO INTERNATIONAL AMBITIONS
In just a few years, IBAS became the first electronic money institution in Kosova and gained over 40,000 clients across the country. By combining advanced technology with a strong focus on customer service, IBAS contributes to the financial ecosystem by offering users both flexibility and security. IBAS’s performance has been remarkable. With an average revenue growth rate of over 138% in the past three years, the company has outpaced many similar financial institutions, including some valued in the billions (Revolut, Monzo, Starling, N26, Klarna, etc.), achieving a valuation increase of more than 400 times the initial investment. This exponential growth, especially in a relatively small market, offers a unique opportunity for investors. To support this next phase, IBAS has taken a strategic legal step by establishing a presence in the United Kingdom, one of the most advanced countries in the world for financial infrastructure.
WHAT’S NEXT FOR IBAS?
To meet growing demand and expand its operations, IBAS decided to open a seed investment round through CrowdCube, a licensed and well-known investment platform in the UK. Initially, IBAS aimed to raise 1 million euros, but within a short period, and before the official call went public, 61% of that target was secured. Due to the high level of interest, the company increased its funding target to 1.25 million euros. These funds will support IBAS in expanding its operations in Kosova and preparing for Series A funding, where the investment level will be significantly higher. The main goal is entry into the European Economic Area (EEA) and preparation for an IPO on the London Stock Exchange or Nasdaq.
SUCCESS STORY: FROM CLIENTS TO INVESTORS
One of the strongest indicators of IBAS’s success is its impact on clients and investors. What started as a vision on paper became a trusted opportunity, with early investors recognizing its potential from the beginning. Today, they continue to see steady growth in the value of their capital, a trend expected to continue annually. IBAS’s performance charts keep climbing, positioning the company strongly for its major future goals. A key milestone for IBAS has been establishing a reputation as an innovative and trustworthy financial institution. By offering tailored solutions and ensuring every service aligns with international regulations, IBAS has laid a solid foundation for its next achievements. IBAS does not measure success solely by financial growth. Its impact on the financial industry, particularly the FinTech sector, remains a core focus. After this initial funding round, the company will focus on: expanding services within the Kosovar market, strengthening its position as an industry leader; preparing for Series A investments to secure additional capital for international expansion; growing its client base and profitability to ensure a successful IPO in London or Nasdaq.
A MODEL FOR SUCCESS IN FINTECH
The story of IBAS proves the power of vision, innovation, and effective leadership. As Gazmend Selmani puts it: “IBAS is committed to ensuring that the return on investment follows the same trajectory as our revenue growth, benchmarking against industry leaders like Revolut, Monzo, Starling, N26, and Klarna.” IBAS has shown that with the right strategy and commitment, any goal is within reach. With clear steps toward expansion and a well-defined plan for going public, IBAS is building its future as a strong name in the global FinTech industry.
