ID Finance – one of the largest loan originators on Mintos and the fastest-growing fintech in Spain has raised over €1.8 million of its 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 €2.3 million and is inviting interested parties to invest on the Crowdcube website.
ID Finance is looking to raise €2.3 million on crowdfunding platform Crowdcube at a pre-money valuation of €90 million. Within a few minutes of the campaign going live, it had raised €1.8 million from around 150 investors.
“We’re delighted to welcome these investors on board as we continue on our mission to address the underbanked,” comments Boris Batin, CEO and co-founder at ID Finance. “We have industry-leading technology, a financially prudent business model and a well established international team ready to scale in some of the most exciting markets for fintech.”
ID Finance operates a financially prudent business model. Its operations in Spain are profitable after three years and it is aiming for break-even in the short term. The company was recently selected by Euronext, owner of the Paris Stock Exchange, for its IPO program. The TechShare program is designed for technology companies and helps to prepare them for potential entry into the stock exchange.
