Ex-Deutsche Bank bankers’ lender secures €545M for Spanish BNPL app Plazo
Tech Funding News Sofia Chesnokova
ID Finance, the Barcelona lender formerly founded by ex-Deutsche Bank bankers, raised €545 million to move its business toward a buy-now, pay-later service for Spain. The funding includes an €20 million eurobond increase in March 2026 that brings the total to €60 million, paying 12% interest and due in September 2028. The company plans to use the capital to expand Plazo’s growth and credit portfolio after reaching profitability, with expectations for further portfolio scale.
Why it matters
In 2012, two former Deutsche Bank bankers set up an online lending business. Today, their Barcelona-based company, ID…
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