ID Finance

ID Finance is a fintech company that provides online consumer lending and credit scoring services in emerging and growing markets.

ID finance's mission is to provide access to financial services to underserved consumers in Developed and Emerging Markets.

ID Finance was founded in 2012 by Boris Batine and Alexander Dunaev. The company is headquartered in Barcelona, Spain, with further offices in Mexico City, Mexico, and an engineering office in Warszawa, Poland.

 

ID Finance uses advanced analytics and machine learning algorithms to provide access to competitive financial services via its financial wellness app Plazo. It is currently offering a free Mastercard debit card which comes with one of the most attractive cashbacks in the country.

 

ID Finance's proprietary technology allows them to analyse vast amounts of data, including behavioural biometrics, identifies anomalies and increases efficiency of risk assessment by 50%. ML and AI are at the core of their business, from optimising marketing campaigns to improving customer service experience.

 

ID Finance has over 5M unique registered users across Spain and Mexico. The company claims to have processed over 9 million credit applications.

 

ID Finance is backed by Kingsway Capital, Crowdcube, TransCapitalBank, and others. The company raised €30M ($32.3M) in an equity financing on Mar 22, 2023. This brings ID Finance's total funding to $101.9M to date. The latest investment reportedly valued the company at a €235M.

 

 

  • Year founded: 2012
  • Funding Info: $101.9M over 4 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at €235M as of Mar 22, 2023
  • City/Town: Barcelona
  • State: Catalonia
  • Country: Spain
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