IN1 is ceasing operations in Europe: customers are urged to withdraw their funds immediately
The financial platform IN1 has announced that it is ceasing operations in Europe and has urged users to withdraw funds from their accounts.
The company notified customers of this via the app.
According to the announcement, access to the IN1 mobile app will be shut down on May 29. Users were advised to transfer funds to external accounts by that date.
The company also warned that starting May 25, it will begin charging a fee on inactive accounts. This applies to accounts that have not had any transaction activity in the last 30 days.
The company has not yet specified the reasons for the platform’s shutdown in Europe.
IN1 is a financial platform that positioned itself as a mobile app for money management and international financial transactions. The service offered users payment solutions, including transfers and account management via a mobile app.
The company operated in the European market as a fintech service focused on digital banking and international clients.
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