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228%
Raised
£4,560,340
Investors
1127
Target
£2,000,000
Equity
5.33%
Pre-money valuation
£81,037,856

ID Finance is a digital consumer finance company operating in Spain, Brazil and Mexico, who estimate a €88bn market with 190m underbanked people. Revenue tripled in 2018 to €45m, now raising capital to fund further growth, having already secured €60m since 2015, €5.8m of equity and €54m through debt.

  • Fastest growing FinTech in Spain according to the Financial Times
  • €45m revenue in 2018 & €13m in 2017. A unique fast-growing investment opportunity
  • 3 million registered users with 40,000 new users per week
  • Member of TechShare, pre-IPO programme of Euronext for Tech companies

Idea

We want to empower the underbanked to become financially included. We provide loans to consumers in Spain, Brazil & Mexico – three markets with highly concentrated banking market. Consumers are often denied financing or charged exorbitant rates. We want to challenge the status quo through better technology.

Our consumer lending platform underwrites loans using AI and unconventional data to estimate creditworthiness. Anyone with a phone regardless of their credit history can apply for a loan. The process is fast, transparent and hassle-free.

We aim to provide the best in class user experience and build an international financial franchise. In 4 years we have built a company with over 400 people following the principle of responsible lending and client-centric approach:

- Net promoter score (NPS) of 78 in our Mexican subsidiary - industry-beating customer satisfaction

- We operate online 24/7

- Our client retention rate is 90% with low delinquency

- We strive to be the cheapest option in the market: as simple as that

Our business model is financially prudent: in 2018 we generated €45m in revenue, in Jan. - Aug. 2019 our revenue grew by 105% vs. the same period last year and expect to continue this trend.

We're focused on achieving profitability: our Spanish operations are profitable after 3 years and aim for group breakeven in the short term. See 2018 audited accounts for more details.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.