Tagged: id finance

Alternative Lending Market in Spain Is Valued at €600M+, Indicating a Shift in Nation’s Financial Activities: Report

Spain is a country where old meets new, tradition dances “with innovation, and the economy basks in the sun of digital transformation and the fintech boom,” the team at Mintos notes. The report from Mintos points out that Spain, with its mix of beautiful beaches,… Read More

ID Finance Spain Reports €59M in Revenue for H1 2023

ID Finance Spain S.A.U. released its audited financial results for the first half of 2023. The company has provided the following operational and financial information: ID Finance Spain reported “a net income of €4.4M, following an 8% increase in its net portfolio, which hit a… Read More

Spanish Fintech ID Finance Finalizes €30M Equity Round

ID Finance has announced a €30M investment “led by a leading UK-based asset manager, Kingsway Capital.” The transaction “has been officially endorsed by the Spanish Council of Ministers, after obtaining a favorable review from the External Investment Board, thus officially becoming the biggest investment inflow… Read More

ID Finance Spain Releases Results for H1 2022

ID Finance Spain has published its results for the first half of 2022. The firm has provided the following operational and financial information: Net profit up 25% YOY, to €5m Revenue up 57% YOY, mainly due to the positive performance of MoneyMan’s lending activity in… Read More

Overfunding: ID Finance, a Fast-Growing Fintech in Spain and Mexico, Secures €1M+ from 459 Investors via Crowdcube

ID Finance, which claims to be one of the fastest-growing Fintechs in Spain and Mexico, has raised 106% (€1,062,883) of its €1M fundraising target from 459 investors (at the time of writing) via Crowdcube with 3 days left in its crowdfunding campaign. After a record-setting… Read More

ID Finance Milestone: Revenues Doubled to €81 Million in 2019

ID Finance, the emerging markets fintech firm, announced on Thursday it has achieved revenue of €81 million in 2019. The company reported that this represents 96% growth for its business in Spain, Brazil, and Mexico. Founded in 2012, ID Finance claims to be a leading… Read More

Fintech ID Finance Raises £4.95 Million on Crowdcube, Claims Record for Spain

ID Finance, based in Barcelona, has closed its crowdfunding round raising £4.95 million. The equity offering was listed on Crowdcube Spain and topped the previous record for equity crowdfunding in the country. ID Finance is an online lender, data and credit scoring company operating in… Read More

Fintech Firm ID Finance Tops £2 Million on Crowdcube

ID Finance, a Fintech that is queued up for expansion into the Latin America market, is now above £2 million in its securities offering on Crowdcube. At the moment, ID Finance stands at £2.337 million backed by 730 investors. ID Finance originally sought £2 million… Read More

ID Finance Raises £1.5 Million in Minutes on Crowdcube

ID Finance has crowdfunded £1.5 million “within minutes” according to a note from the company. ID Finance is seeking £2 million on Crowdcube. According to the offering page, ID Finance has received the backing of 248 investors hitting  76% of the target raise. ID Finance… Read More

Fastest Growing Fintech in Spain: ID Finance Predicts €90 Million in Revenue this Year, Plans Crowdfunding Round on Crowdcube

ID Finance, said to be the fastest-growing Fintech in Spain, is queuing up a crowdfunding offering on Crowdcube. ID Finance reports that it should hit €90 million in top-line revenue this year making it one of the largest companies to raise capital on Crowdcube so… Read More

Wonga: A Post Mortem

Wonga enjoyed a meteoric rise to fame. The company achieved £300 million of revenue in 2012, just six years after it was founded. Managing growth of this nature is enormously challenging and one doesn’t need to look far to spot similar issues at other warp… Read More

Mintos Marketplace Adds ID Finance Loans Issued in Kazakhstan

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies, announced on Wednesday that fintech firm ID Finance has further diversified investment opportunities on the Mintos marketplace by launching personal loans listed in… Read More

ID Finance to Incorporate Behavioral Biometrics to AI-Based Fraud Scoring Engine

ID Finance, the emerging markets fintech firm, announced on Tuesday it is incorporating behavioral biometrics into its AI-based fraud scoring engine to eliminate fraud while boosting loan approvals and reduce the incidence of non-performing loans. According to the company, the behavioral biometrics system studies the unique typing… Read More

ID Finance Announces Mexico Operations Launch

ID Finance, the emerging markets fintech company, has expanded its presence in Latin America with a launch into the Mexican online lending market. The announcement comes less than a year after the company launched operations in Brazil and represents another key milestone as it continues… Read More

Mintos Marketplace Adds ID Finance Loans Issued in Georgia

ID Finance, an emerging markets focused Fintech company, is now listing investment opportunities on the Mintos marketplace incorporating prime personal loans issued under its Solva brand in Georgia. Solva is a fully owned ID Finance subsidiary in Georgia that has disbursed 28,000 personal loans worth… Read More

ID Finance Teams Up With Da Vinci Capital to Launch $200 Million Fintech Fund

Emerging markets Fintech firm ID Finance announced on Wednesday it has joined forces with former Elbrus Capital fund manager, Yuri Popov, and asset management Da Vinci Capital to launch FinTech Credit Fund, which is described as a $200 million debt finance fund aimed towards fintech… Read More

ID Finance Joins Mintos Marketplace & Begins Placing Unsecured Loans Issued in Spain Under MoneyMan Brand

ID Finance, a data science and digital finance company, announced on Monday it has officially joined peer-to-peer lender Mintos and has already begun placing personal unsecured loans issued in Spain under its MoneyMan brand on the lending platform’s marketplace.  ID Finance shared it is joining Mintos just after… Read More

Online Lender Blackmoon Partners with ID Finance to Offer Loans to Investors

ID Finance has integrated with Blackmoon and is now executing investment transactions via the Russian online lending platform. ID Finance is a data science, credit scoring and “nonbank digital lending as an application” provider. ID Finance has is currently operating in Russia, Kazakhstan, Georgia, Poland, Spain and Brazil…. Read More

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