ID Finance secures £1.5m within minutes on Crowdcube

ID Finance secures £1.5m within minutes on Crowdcube

ID Finance, the fintech company operating in Europe and Latin America, has raised over £1.5m crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors.

The data science, credit scoring and digital finance company has a crowdfunding target of £2m and is inviting interested parties to invest at

ID Finance’s proprietary risk management system uses machine learning and advanced data science techniques to provide competitive financial services to the underbanked and help customers build their credit profile. Anyone with a smartphone in Spain, Brazil and Mexico can apply online for a loan via its Moneyman and Plazo brands, regardless of their credit history. The process is fast, transparent and hassle-free.

The company has a well established global team and over 3 million users, with over 40,000 new users joining each week. It is on track to double revenues this year to €90m – up from €13m in 2017 – and is targeting €267m+ of revenue by 2021, with the goal of becoming the number one digital lending platform in Hispanic and Latino markets.

ID Finance is looking to raise £2m on crowdfunding platform Crowdcube at a pre-money valuation of £81m. Within a few minutes of the campaign going live it had raised £1.5m from 146 investors.

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Source: ID Finance secures £1.5m within minutes on Crowdcube