Spanish fintech ID Finance initiates crowdfunding effort

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ID Finance, a Spanish alternative lending platform, has launched a crowdfunding campaign, inviting existing shareholders and clients, as well as European retail investors, to participate in its recently closed €30 million equity round.

Kingsway Capital and ID Finance closed the round in March. In order to strengthen its operations in Mexico, it has also secured a USD 30 million debt agreement with SR Alternative Credit. The company has previously run two Crowdcube campaigns, raising close to USD 8.9 million. ID Finance helps customers build their credit profiles and offers competitive financial services to the underbanked using machine learning and cutting-edge data science techniques.

The additional funding will be used to accelerate Plazo’s global and Spanish rollout as the company’s financial wellness app.

Read More: Spanish fintech ID Finance launches crowdfunding campaign

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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