Tuesday, June 14, 2022
HomePeer to Peer LendingFitch improves ID Finance Spain’s outlook to secure

Fitch improves ID Finance Spain’s outlook to secure


In June 2021, ID Finance efficiently launched neobank Plazo in Spain in a report time. Since then, the usage of Plazo’s finance options has been rising persistently. Updated, Plazo has already issued 100 000 free Mastercard debit playing cards.

General, 2021 closed as the very best lead to ID Finance’s historical past. International income elevated 37%, as much as €142M, reinforcing the corporate’s place as one of many few worthwhile fintechs in Spain and Mexico. The robust development of the enterprise has include a major improve in certified expertise, one of many key pillars of ID Finance since its inception. The staff already exceeds 600 workers. Consequently, the corporate has expanded its workplace areas each in Mexico and Spain.

As well as, at first of 2022, ID Finance was included within the FT 1000 rating for the fifth 12 months in a row as one of many 13 quickest rising fintechs in Europe, and the one Spanish firm on this sector.

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