ID Finance Offers Innovative Financial Solutions for a Better Tomorrow

ID Finance is a company that's making a real difference in the world of finance. They're a leading digital lender that's been around since 2012, with a presence in several countries, including Spain, Georgia, and Ukraine.

Their innovative approach to lending has helped thousands of people access the financial services they need to improve their lives. ID Finance uses advanced technology to assess creditworthiness, making it possible for people with non-traditional credit histories to get the loans they need.

One of the key benefits of ID Finance's approach is its speed and convenience. They offer online loan applications and instant approval, making it easy for people to get the money they need quickly and easily.

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ID Finance offers competitive financial services to the underbanked, helping customers build credit profiles using machine learning and advanced data science.

The company's flagship financial wellness app, Plazo, provides transactional, savings, and credit solutions in Spain.

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Plazo has empowered users to take control of their finances and enhance financial stability since its launch in 2021.

ID Finance has reported consolidated revenues of €180M, marking a 13 per cent year-over-year growth, and a net income of €7.1M.

The company's Spanish division has been a key profit driver, issuing €266M in new loans and generating €124M in revenue with a net profit of €12.5M.

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ID Finance is a company that offers sustainable and responsible financial solutions to the underbanked. They use machine learning and advanced data science to provide competitive financial services.

Their flagship financial wellness app, Plazo, was launched in Spain in 2021, offering transactional, savings, and credit solutions. This empowers users to take control of their finances and enhance financial stability.

The company has reported a 13 per cent year-over-year growth in consolidated revenues, reaching €180M. They also have a net income of €7.1M.

In Spain, ID Finance's consumer lending business maintains market leadership, achieving a 56.1 per cent return on equity. Their Spanish division has issued €266M in new loans, generating €124M in revenue and a net profit of €12.5M.

ID Finance plans to use the funds from this financing to expand Plazo, their key financial wellness app. This will enable them to offer more services to users, including complimentary medical, legal, and veterinary consultations through the app.

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ID Finance has secured significant funding to support its financial innovation and inclusivity efforts. The company has obtained USD 150 million in debt financing from i80 Group, marking its largest funding round to date.

This financing will help ID Finance expand its flagship financial wellness app, Plazo. The app provides transactional, savings, and credit solutions, empowering users to take control of their finances and enhance financial stability.

ID Finance's Spanish division remains a key profit driver, issuing €266M in new loans and achieving a 56.1 per cent return on equity. The company's consumer lending business in Spain maintains market leadership, improving client quality.

The funds will also fuel the expansion of Plazo, with a strategic partnership with Meeting Pros offering users complimentary medical, legal, and veterinary consultations through the app. This partnership underscores Plazo's commitment to expanding services and making financial wellness more accessible.

In 2019, ID Finance closed a capital increase of 5.4 million euros through the investment marketplace Crowdcube. This was the largest equity micromecenazgo operation in Spain at the time.

The company reports to have consolidated revenues of €180M, marking a 13 per cent year-over-year growth. ID Finance's net income stands at €7.1M, demonstrating the company's financial stability and growth.

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ID Finance has a total of 8 investors, including i80 Group, SR Alternative Credit, Kingsway Capital Partners, Crowdcube, and Vadim Dymov.

i80 Group, a New York-headquartered investment firm, invested in ID Finance's Debt - II funding round, providing the company with $150M in debt financing.

SR Alternative Credit and Kingsway Capital Partners are also among ID Finance's investors, with SR Alternative Credit investing in a Line of Credit - II funding round and Kingsway Capital Partners investing in a Line of Credit.

Crowdcube is an equity crowdfunding investor, and Vadim Dymov is an angel investor who has invested in ID Finance.

Here is a list of ID Finance's investors:

ID Finance has a significant presence worldwide, with its headquarters in Barcelona employing 440 people globally.

The company's brands, MoneyMan and Plazo, operate in Spain, Brazil, and Mexico, offering their services in these regions.

ID Finance has experienced exponential growth since its founding in 2015, with its revenue increasing to 81 million euros in 2019 and over 3.8 million registered users.

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CreditMantri is a financial technology company that focuses on credit analysis and improvement services, providing credit score checks and connecting individuals with loans and credit cards based on their credit profiles.

CreditMantri was founded in 2012 and is based in Chennai, India, which gives it a strong local presence in the region.

Juvo provides financial identity services using data from mobile user behavior to create credit scores for individuals without formal credit histories.

Juvo's solutions, such as Airtime Lending and Cash Loans in Brazil, cater to the unbanked population, making financial services more accessible.

Ice Kredit is a technology company that uses artificial intelligence services to develop solutions for small and micro enterprises, including customer acquisition and loan management.

Ice Kredit was founded in 2015 and is based in Shanghai, China, which positions it well to serve the growing Asian market.

In comparison, all three companies - CreditMantri, Juvo, and Ice Kredit - have a strong focus on using technology to improve access to financial services, but each has its own unique approach and target market.

ID Finance's global headquarters is located in Barcelona, employing 440 people worldwide.

The company has a strong presence in Spain, Brazil, and Mexico, with notable brands such as MoneyMan and Plazo.

ID Finance was founded in 2015 and has experienced exponential growth in revenue, reaching 81 million euros in 2019.

More than 3.8 million users are registered with the company.

ID Finance ranked 18th in the global ranking of fastest-growing companies in Europe.

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