Business · Companies · 8 hrs ago
ID Finance raises €545 million to expand its Plazo finance app
Barcelona-based ID Finance has raised €545 million from investors and lenders to expand its financial services.
About €500 million is structured debt, with €45 million in new investment from funds including Spice Expeditions, WashU and Kingsway Capital, alongside lender i80.
The money will mainly support Plazo, an app offering consumer credit and money-management tools.
ID Finance was founded in 2015 and has shifted its focus from alternative lending toward digital financial products.
The company reported €243 million in revenue in 2025, and said Plazo became profitable that year.
ID Finance expects Plazo to grow by 300% in 2026, with support from technology using artificial intelligence.
The company has also launched Turrón, a service combining flexible payments, an electronic money account and a debit card.
ID Finance has raised €545 million to expand Plazo, its financial app.
The funding combines €500 million in structured debt from i80 and €45 million in direct investment.
The investors include Spice Expeditions, WashU, Kingsway Capital and i80.
ID Finance expects Plazo to grow by 300% in 2026, supported by technology using artificial intelligence.
The company reported €243 million in revenue in 2025, and said Plazo reached profitability.
- Who
- Barcelona-based fintech ID Finance raised the funding from Spice Expeditions, WashU, Kingsway Capital and i80.
- What
- It raised €545 million to expand its Plazo financial app.
- When
- The funding was reported on 13 October 2026.
- Where
- ID Finance is based in Barcelona, Spain. Plazo offers online consumer credit.
- Why
- The money will support the growth and improvement of Plazo, which provides financial products including consumer credit lines.
This story does not have two clearly opposing sides.
ID Finance received a €150 million debt loan from i80 Group, according to El Periódico.
ID Finance reported €243 million in revenue, and the company said Plazo became profitable.
ID Finance announced that it had raised €545 million to support Plazo.
- Total funding
- €545 million
- Structured debt
- €500 million from i80
- Direct investment
- €45 million
- 2025 revenue
- €243 million
- Plazo credit lines
- Up to €5,000 per customer
What people are saying
This investment represents a clear vote of confidence in Plazo and in the model we have built to modernize consumer finance in Spain.
We have been profitable since 2019 and expect to increase our result this year.
Sources
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