ID Finance - fastest growing FinTech in Spain and Mexico. After record-breaking Crowdcube round in 2019 for a Spanish Fintech, ID Finance more than doubled its business & turned profitable in the first 9 months of 2021 while pioneering carbon-neutrality. It just launched a new financial wellness app, Plazo, with a €400b market opportunity.
ID Finance is a digital financial services platform with a history of growth.
- Top alternative lending brand in Spain by online search & fastest growing FinTech brand in LatAm, 5m+ users, +€30m/month loan issuance
- Largest round by non-UK Co. on Crowdcube in 2019; €5.4m
- Industry-beating NPS of 70-78
- YTD revenue €96m, profit €1.7m
It just launched Plazo, financial wellness app to tap into €400 bn market of Southern Europe & Hispanic America. This audience is primarily serviced by incumbent banks infamous for excessive costs for basic services (i.e. withdrawals, account fees). Plazo aims to disrupt this with a free online account & zero commissions card with cashback & discounts makes everyday shopping seamless & rewarding. In the future aiming to offer BNPL, saving & investing tools.
ID Finance can deliver – it has a deep understanding of customer base, expertise in credit risk management, proprietary technology & proven traction in building FinTech businesses. This year it turned profitable generating YTD profit €1.7m, a remarkable surge from -€8.5m loss in pandemic-ravaged FY 2020, we believe it was a clear demonstration of resilience & adaptability.
Over 25,000 Plazo cards issued within just a few months since launch in Spain; we aim to make Plazo available in Mexico. We believe Plazo is an opportunity to improve the financial lives of people.
Embark on this journey with us