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ID Finance
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==Idea== <vimeo>640421401</vimeo> ID Finance is a digital financial services platform with a history of growth. * Top alternative lending brand in Spain by online search & fastest growing FinTech brand in LatAm, 5m+ users, +β¬30m/month loan issuance * Largest round by non-UK Co. on Crowdcube in 2019; β¬5.4m * Industry-beating NPS of 70-78 * YTD revenue β¬96m, profit β¬1.7m It just launched Plazo, financial wellness app to tap into β¬400 bn market of Southern Europe & Hispanic America. This audience is primarily serviced by incumbent banks infamous for excessive costs for basic services (i.e. withdrawals, account fees). Plazo aims to disrupt this with a free online account & zero commissions card with cashback & discounts makes everyday shopping seamless & rewarding. In the future aiming to offer BNPL, saving & investing tools. ID Finance can deliver β it has a deep understanding of customer base, expertise in credit risk management, proprietary technology & proven traction in building FinTech businesses. This year it turned profitable generating YTD profit β¬1.7m, a remarkable surge from -β¬8.5m loss in pandemic-ravaged FY 2020, we believe it was a clear demonstration of resilience & adaptability. Over 25,000 Plazo cards issued within just a few months since launch in Spain; we aim to make Plazo available in Mexico. We believe Plazo is an opportunity to improve the financial lives of people. Embark on this journey with us.
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