ID Finance secured $6.4M in a crowdfunding round at Crowdcube

Spain Investments 04 November 2019
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ID Finance, a Barcelona, Spain-based digital consumer finance company, completed a capital investment round totalling £4,952,310 ($6.4M).

The funding was raised via a crowdfunding equity campaign on Crowdcube, from 1223 investors. The campaign had a £2,000,000 target.

ID Finance, founded in 2012 by , is one of the fastest growing fintech companies in Spain, with €45m revenue in 2018 & €13m in 2017. The company built a risk management software solution that collects and analyses thousands of data points in order to process loan applications in real time over the internet. It has 3 million registered users with 40,000 new users per week