The below announcement text was provided to AS Mintos Marketplace (Mintos) by ID Finance – a cooperation partner of Mintos that offers investment opportunities on mintos.com.
Since the previous crowdfunding round in 2019, ID Finance has doubled its operations while ensuring profitable growth and has become the first carbon-neutral fintech in Spain and Mexico.
Now, the company has over 5 million registered users, it has generated €100 million in revenue year to date, and it holds leadership positions in both markets being the fastest-growing fintech in Spain and Mexico, according to Financial Time’s 2020 FT 1000 ranking.
This year, ID Finance launched its new financial wellness app Plazo. In this regard, ID Finance aims to raise new funds for the further development of the integrated financial platform offering a wide range of financial solutions accessible to everyone
Plazo taps into the €400 billion market of Southern Europe & Hispanic America. A large part of this audience is unsatisfied with traditional banks which charge high fees for basic services and often fail to respond to clients’ claims. In this regard, Plazo aims to tap unmet customer needs and help them improve their financial lives by providing a free online account & zero commissions card with cashback & discounts.
In the future, it will expand its offer with a broad line of buy-now-pay-later, saving & investing tools. In Spain it has already become a quite popular platform. Only several months after its launch in the first months of 2021, Plazo has issued over 30 000 debit cards. Its user base keeps growing at a fast pace and is already showing potential to consolidate as the final go-to financial solution.
To find out more on this investment opportunity, please visit ID Finance’s Crowdcube page, where you can read the IDF story, watch the video and download the deck.
Disclaimer by AS Mintos Marketplace
Persons who offer, sell or recommend shares (the distributors) are independently responsible for the evaluation of the target market and appropriate distribution channels and must guarantee that these conform with the provisions of this prospectus.
The information in this publication is marketing communication only and is not considered investment advice.
Investing involves risk. There is no guarantee that you will get back any invested amounts. Past performance is no guarantee of future results. Mintos shall not be responsible for any direct or indirect loss arising from the use of the provided information.
This information in this publication is not intended as a solicitation, offer, or recommendation to buy or sell any investments, or to engage in any other transaction. Any investment decision must be based on an analysis of the risks related to the investment. Before investing, consider your knowledge, experience, financial situation, and investment objectives.
