ID Finance invests in Plazo
Funding Provisional 76% confidence first seen
ID Finance raised €545 million through a mix of debt and equity to support the growth and credit portfolio of its buy-now, pay-later app Plazo. The coverage notes an €20 million eurobond increase in March 2026 (taking the total eurobond to €60 million) with 12% annual interest due in September 2028, and says the capital will be used to scale Plazo’s credit after profitability. The round is backed by investors including i80 Group for asset-based financing, alongside Spice Expeditions, WashU, and Kingsway Capital, and matters as it positions Plazo for a larger BNPL credit footprint in Spain.
The deal
Plazo €545M Other · announced 13 Oct 2026
Investors ID Finance
Deal terms as reported in the coverage below.
Decision brief
- What changed
- ID Finance raised €545 million in debt and equity to expand its Spanish buy-now, pay-later app Plazo, with the company saying the capital will support growth and a larger credit portfolio after reaching profitability. The reported package includes a €20 million eurobond increase in March 2026, bringing that eurobond to €60 million at 12% annual interest due in September 2028.
- Why it matters
- For leaders in lending, fintech, and consumer payments, this signals that Plazo now has materially more funding capacity to grow loan origination and BNPL exposure in Spain. The combination of fresh capital and a stated post-profitability expansion plan matters because it can support faster customer acquisition and balance-sheet growth, but it also introduces funding-cost discipline given the reported 12% eurobond coupon.
- Evidence
- The claim is supported by a single Tech Funding News article, which reports the €545 million raise, the eurobond increase to €60 million, the 12% interest rate, the September 2028 maturity, and management’s stated use of proceeds for Plazo’s growth and credit portfolio. No second independent source is provided in the supplied coverage, so confirmation is limited to one outlet’s reporting.
- What remains uncertain
- The coverage does not break down the full €545 million by instrument, timing, or investor commitments beyond noting debt and equity and naming backers in the summary, so the exact capital structure and deployment pace are unclear. It also does not verify current profitability metrics, underwriting performance, or how much of the funding is firmly closed versus available under facilities.
- Monitor next
- Watch for ID Finance or regulatory filings to disclose the detailed funding mix, committed facilities, and updated Plazo loan-book growth in Spain.
Analytical support, not advice — assumptions and open questions stated above.