ID Finance is a financial technology company founded in 2012 by Boris Batine and Alexander Dunaev. It is predominantly focused on emerging markets, which are characterized by noncompetitive financial services, limited availability of credit and high barriers to entry.
ID Finance’s proprietary IT and risk management system collects and analyses thousands of data points in order to process loan applications in real time over the internet.
ID Finance is headquartered in Barcelona and employs 380 staff. It is providing loans to under the MoneyMan and Plazo brands in Spain, Mexico and Brazil. In October 2019 the company reported that it has 3 million users, with over 40,000 new users joining each week.
It was formally split from its operations Russia, the CIS region and Eastern Europe (which became IDF Eurasia) in 2018.
The company has raised €60m since 2015 including €5.8m of equity and €54m through debt.
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- ^“ID Finance’s Emerging Markets Alt Lending Fix | PYMNTS.com”. PYMNTS.com. 8 August 2017. Retrieved 13 March 2018.
- ^“Barcelona’s ID Finance raises $50 million in debt funding to expand fintech to developing countries”. VentureBeat. 16 February 2017. Retrieved 3 April 2017.
- ^Finextra (27 February 2018). “Online lender ID Finance bolsters security with beahvioural biometrics”. Finextra Research. Retrieved 13 March 2018.
- ^“ID Finance to Incorporate Behavioral Biometrics to AI-Based Fraud Scoring Engine | Crowdfund Insider”. Crowdfund Insider. 27 February 2018. Retrieved 13 March 2018.
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Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.