Spanish fintech ID Finance raises €545M in debt and equity

Barcelona-based fintech ID Finance has raised €545 million in debt and equity, the company announced today. The funding will support its consumer credit app Plazo, positioning it as a leading credit platform in Spain.

The round is notable for its size, particularly in a market where debt financing has become more common but rarely reaches this scale. While debt has played a larger role in European startup funding over the past three years, equity remains the dominant form for most growth-stage companies. ID Finance’s ability to secure both types of capital at this level suggests strong investor appetite for consumer-focused fintech, even as other regions, like Africa, show signs of shifting back toward equity.

The company did not disclose the breakdown between debt and equity, leaving open questions about how the capital will be deployed. Still, the raise reflects broader trends in fintech funding, where lenders and institutional investors are increasingly backing platforms that target underserved consumer credit segments. With Plazo’s expansion in Spain, ID Finance is betting on sustained demand for digital lending solutions in a competitive market.

Sources: tech.eu