ID Finance

Last Updated: 30.09.2020. Date when the basic information was updated
ID Finance
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 333 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 46.4 M
Buyback obligation A credit enhancement given by the lending company or other entity of a lending company group to the investor for a particular investment opportunity. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
5% - 10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
8.7%
Website:
Founded: The year the company was founded.
2015
Employees:
469
Joined Mintos:
Mar 2017
Loan Types: The type of loan the company has issued to borrowers.
Personal Loan Pledge type group unsecured
Short-Term Loan Pledge type group payday
Countries: Countries in which the loans were issued by the company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR, MXN
Annual percentage rate charged to borrowers:
0%-556%
Outstanding investments: Total volume of outstanding investments from this company on Mintos. Updated daily.
40 323 083
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
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About

ID Finance is a data science, credit scoring and digital finance company that is pioneering fintech innovation in emerging markets with a range of convenient, competitive and transparent loan products available over the internet. The company uses machine learning and advanced data science techniques to improve access to competitive financial services. Headquartered in Barcelona, ID Finance operates under the MoneyMan and Plazo brands in Spain, Brazil, and Mexico, with R&D located in Minks, Belarus. The company's founders previously worked in banking including Deutsche Bank and Royal Bank of Scotland. ID Finance is trusted by both private and institutional investors around the world. The company has been ranked second fastest growing fintech in the FT 1000 list. It was also rated among the hottest startups of Barcelona by Wired magazine.

Last Updated: 23.04.2020