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ID Finance raises €545 million in debt and equity for its Spanish consumer fintech app Plazo

Funding Provisional 88% confidence first seen 13 October 2026, 05:30

ID Finance, formerly founded by ex-Deutsche Bank bankers, raised €545 million in debt and equity to expand its consumer fintech app Plazo in Spain. The company said it plans to use the funding to grow its business and credit portfolio as it scales toward broader profitability and further expansion.

ID Finance Deutsche Bank Plazo Spain

The deal

ID Finance €545 million Other · announced 13 Oct 2026

Deal terms as reported in the coverage below.

Source coverage

13 Oct, 05:30 Ex-Deutsche Bank bankers’ lender secures €545M for Spanish BNPL app Plazo Tech Funding News independent 13 Oct, 10:33 Spanish fintech ID Finance lands €545M in debt and equity Tech.eu independent

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TLDRocket 13 October 2026

Europe’s AI week kept circling back to a simple question: can you move from prototypes to operating systems, fast enough to justify the money? French deeptech HyLight raised €13 million to take autonomous hydrogen-powered airships from four aircraft to 15 within a year, using onboard AI to support aerial inspection of critical infrastructure. That same “edge, but operational” theme showed up in Ubitium’s $14 million seed to push the UB410 reconfigurable processor toward commercialisation in 2027, targeting physical AI that senses, runs inference, and controls movements on a single chip. Even the back office got the treatment: reebuild says it cut invoice processing from more than 20 minutes to about three, and Alchera wants transport planning to go from weeks to seconds for councils and highway operators.

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ID Finance raises €545 million in debt and equity for its Spanish consumer fintech app Plazo

The deal

Source coverage

Every AI story that matters, in your inbox by 8am.

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in your inbox by 8am.