La 'fintech' ID Finance levanta 545 millones de euros

Fintech ID Finance has raised 545 million euros in a financing round combining debt and capital. The funds will be used to further develop and improve Plazo, the company's financial app that offers a virtual card and helps users manage their money flexibly. The financing round includes international investors Spice Expeditions, WashU, and Kingsway Capital, as well as the asset-backed debt manager i80 Group.

This is one of the largest fintech financing rounds in recent years, occurring two years after a 150 million dollar (134 million euro) debt financing round by i80 Group at the beginning of 2024. It is also the largest financing round so far this year in the Spanish ecosystem, surpassing the 500 million euros raised by Multiverse Computing in July and the 300 million euros achieved by Open Cosmos in September.

The resources will be used to continue enhancing and promoting Plazo, the core app of ID Finance's long-term strategy. The platform provides a virtual card to users and various products to help them manage their money easily and flexibly. The financing round was closed after a year of strong financial results for ID Finance, with the group generating 243 million euros in revenue in 2025 and nearly doubling its profit.

Plazo reached net profitability and more than tripled its revenue, which grew by 300% year-over-year, surpassing 400,000 customers. With the new financing, the company expects Plazo to grow by another 300% in 2026, driven by its technology infrastructure powered by AI. As part of its continued expansion strategy, ID Finance recently launched Turr�n by Plazo, a flexible payments solution for online and in-store purchases that combines an electronic money account, a debit card, and a "Buy Now, Pay Later" (BNPL) solution.

ID Finance co-founder Alexander Dunaev emphasizes that this investment is a clear vote of confidence in Plazo and the company's model for modernizing consumer finance in Spain. Plazo tripled its portfolio in 2025 and reached profitability, demonstrating that responsible financing with AI support, combined with an improved product experience, can grow together.