ID Finance Raises €545M Growth Capital
ID Finance raises €545 million in debt and equity funding to scale its Plazo consumer finance app and expand its AI-driven financial product suite.
ID Finance Raises €545M in Funding
ID Finance, a Barcelona-based FinTech group providing alternative lending, has announced a €545 million funding round consisting of debt and equity. The capital will support the continued growth of their flagship consumer finance app, Plazo.
Investors
This funding round included participation from Spice Expeditions, WashU, Kingsway Capital, and the global investment firm i80 Group, which provided asset-based financing.
ID Finance Use of Funds
ID Finance plans to use the new capital to scale the Plazo consumer finance app, expand its product suite, and further develop its innovation initiatives, specifically the Turron flexible payment solution.
About ID Finance
Founded in 2015, ID Finance specializes in providing innovative financial solutions through alternative lending in Spain and Mexico. Their flagship product, Plazo, launched in 2021, integrates debit and credit solutions, including BNPL services, into a single platform driven by AI-powered underwriting.
Funding Details
Company Website: https://idfinance.com
Company: ID Finance
Raised: €545M
Round: Growth Capital
Funding Date: October 13, 2026
Additional Investors: Spice Expeditions, WashU, Kingsway Capital, i80 Group
Software Category: FinTech
Source: https://www.eu-startups.com/2026/10/one-of-spains-largest-recent-fintech-deals-sees-id-finance-secure-e545-million-to-scale-plazo/
