About ID Finance
ID Finance is a company based in Barcelona (Spain) founded in 2012.. ID Finance has raised $39.14 million across 6 funding rounds from investors including i80 Group, Kingsway Capital and TransKapitalBank. ID Finance offers products and services including Plazo and Moneyman. ID Finance operates in a competitive market with competitors including Comunitae, Socilen, Hero Token and EML Finance, among others.
- Headquarter Barcelona, Spain
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Id Finance
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.14 M (USD)
in 6 rounds
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Latest Funding Round
$150 M (USD), Debt – Conventional
Feb 06, 2024
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Investors
i80 Group
& 2 more
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Employee Count
Employee Count
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Products & Services of ID Finance
ID Finance offers a comprehensive portfolio of products and services, including Plazo and Moneyman. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides debit card for managing finances and earning rewards on purchases.
Delivers smart solutions for user financial management and savings.
Unlock access to complete
Funding Insights of ID Finance
ID Finance has successfully raised a total of $39.14M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $150 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(16 Feb 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - ID Finance | Valuation |
investors |
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| Nov, 2023 | Amount | Debt – Conventional - ID Finance | Valuation |
investors |
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| Mar, 2023 | Amount | Series B - ID Finance | Valuation | Kingsway Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ID Finance
ID Finance has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include i80 Group, Kingsway Capital and TransKapitalBank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified debt and equity investments are managed by i80 Group.
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Founded Year | Domain | Location | |
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Kingsway Capital is engaged in providing investment management services.
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Founded Year | Domain | Location | |
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Serves as a commercial bank with an international presence, offering banking services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ID Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ID Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Id Finance Comparisons
Competitors of ID Finance
ID Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Comunitae, Socilen, Hero Token and EML Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides secure online gambling with slots, casino, sports betting, and games in Indonesia.
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| domain | founded_year | HQ Location |
Borrowers and investors are connected via a P2P lending platform.
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| domain | founded_year | HQ Location |
A decentralized platform offering loans for consumers and businesses.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for consumer and business loans.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Id Finance
Frequently Asked Questions about ID Finance
When was ID Finance founded?
ID Finance was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is ID Finance located?
ID Finance is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Is ID Finance a funded company?
ID Finance is a funded company, having raised a total of $39.14M across 6 funding rounds to date. The company's 1st funding round was a Series B of $32.24M, raised on Feb 16, 2017.
What does ID Finance do?
Founded in 2012 and based in Barcelona, Spain, operations are conducted in the fintech sector as an online marketplace for consumer and business loans. Machine learning-based credit scoring and risk management systems are utilized to serve underbanked individuals and entities. Services include Plazo for long-term loans to entrepreneurs, small and medium-sized businesses, and consumers, alongside Moneyman for short-term individual loans.
Who are the top competitors of ID Finance?
ID Finance's top competitors include Socilen, Comunitae and Hero Token.
What products or services does ID Finance offer?
ID Finance offers Plazo and Moneyman.
Who are ID Finance's investors?
ID Finance has 3 investors. Key investors include i80 Group, Kingsway Capital, and TransKapitalBank.