Inteligo Financial Services S.A. is one of the first online banks of Poland. It was founded by David Putts and Andrzej Klesyk, two former McKinsey consultants, and Hasan Mustafa and Kyle Spicer, two former ABN AMRO Bank professionals, as an independent start-up and partnership with Bankgesellschaft Berlin

Bankgesellschaft Berlin

Landesbank Berlin Holding is a large commercial bank based in Berlin and holding company of the following banks: Berliner Sparkasse and Landesbank Berlin....

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Inteligo began operations on May 1, 2001, and acquired 150,000 customers in the first 12 months of operations, achieving 54% aided brand awareness.

Inteligo was the first in Europe to offer email money, patterned off PayPal

PayPal

PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....

. Inteligo was also first to offer secure mobile phone banking money transfer services, and real-time confirmations after ATM and POS transactions.

When Bankgesellschaft suffered a liquidity crisis

Liquidity crisis

In financial economics, liquidity is a catch-all term that may refer to several different yet closely related concepts. Among other things, it may refer to Asset Market liquidity In financial economics, liquidity is a catch-all term that may refer to several different yet closely related...

 following a fall in East Berlin real-estate prices, it forced a 100% sale of Inteligo to PKO BP in 2002.