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ID Finance secures €21M from nordIX to grow its Spanish lending business. The funding will enhance its capacity for consumer loans in Spain and support strategic growth.
PRIVATESep 01, 2026•7 days ago
Amount Raised
€21 Million
Round Type
Venture - Series Unknown
United KingdomFinancial ServicesFinanceFintechLendingAnalytics
Investors
Nord Ix
Description
ID Finance has secured a €21 million debt facility from german asset manager nordIX to support its consumer lending growth in Spain. This funding will allow ID Finance to finance additional loans and expand its credit portfolio. The move is part of a broader strategy to diversify funding sources for long-term development. CEO Boris Batine highlighted investor confidence in the platform's track record and approach to risk management.
Company Information
Company
ID Finance
Location
United Kingdom
About
ID Finance has a proven track record of using technology and data analytics to create innovative financial products, and we believe they are well-positioned to capture significant market share and drive financial inclusion across Europe and Latin America," says Tamir Saeed, Managing Partner at Kingsway Capital. ID Finance uses advanced analytics and machine learning algorithms to provide access to competitive financial services via its financial wellness app Plazo. ID Finance says it has 5 million registered users across Spain and Mexico. Yahoo Finance reported that ID Finance was one of fastest growing Spanish fintechs, closing 2022 with a record revenue of €170 million, showing a 20% annual growth, while net profit grew 17% up to €7.4 million.
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United KingdomFinancial ServicesFinanceFintechLendingAnalytics