Spanish fintech ID Finance lands €545M in debt and equity
Tech.eu John Reynolds ● Covered by 2 sources
ID Finance raised €545M in debt and equity to push Plazo harder in Spain. It wants the app to become a go-to consumer credit platform, and says Plazo tripled its portfolio in 2025.
Based on reporting by Tech.eu, John Reynolds — read the original for the full story.
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Spanish fintech ID Finance has pulled in €545 million in debt and equity as it tries to turn Plazo into a default consumer credit app in Spain. The Barcelona-based company did not say how much of the raise was debt and how much was equity.
The round included international backers Spice Expeditions, WashU, Kingsway Capital and i80 Group. ID Finance said the money will go into broadening Plazo’s product range, which already mixes payments, shopping rewards and short-term borrowing in one app.
Plazo has also moved into BNPL as part of that push. The company’s aim is plain enough: get the app to feel less like a single financial tool and more like the place Spanish consumers go when they need everyday credit.
ID Finance said the financing is one of the biggest rounds by a Spanish fintech in recent years. Co-founder Alexander Dunaev framed it as a validation of Plazo’s model, saying the app tripled its portfolio in 2025 and reached profitability, while arguing that responsible, AI-driven underwriting can scale alongside a better user experience.
My take — AI-written commentary, not fact-checked reporting
This is the kind of fintech story that usually comes wrapped in a lot of artificial enthusiasm, but here the numbers do some of the talking. Tripling a portfolio and reaching profitability is the sort of result that makes investors stop pretending they’re only here for the app interface. The real test is simpler: whether Spain wants one more all-in-one credit app, or just less expensive credit.
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