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ID Finance lands €545m to scale Plazo in Spain

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ID Finance lands €545m to scale Plazo in Spain

ID Finance, the consumer finance group behind the Plazo app, has raised €545m in a combined equity and debt package, giving its flagship product the firepower to challenge how credit is delivered across Spain.

Backing for the deal came from Spice Expeditions, WashU and Kingsway Capital, alongside global investment firm i80 Group, which contributed asset-based financing. The capital is earmarked for Plazo, which ID Finance regards as a core element of its long-term strategy, and will be used to broaden the app’s range of products and strengthen its capabilities.

The transaction ranks among the biggest completed by a Spanish FinTech in recent years. It arrives two years after i80 Group supplied $150m in debt financing in early 2024, a facility that ID Finance used to expand the Plazo loan book.

The raise caps a period of robust results for the business. ID Finance posted €243m in revenue in 2025, and its profit almost doubled over the same twelve months. Plazo turned profitable at the bottom line during 2025, with revenue climbing 300% year on year and its customer base surpassing 400,000.

The company views that performance as proof that its model works and is now putting the fresh funds to work on that base.

With further financing in place, ID Finance expects Plazo to deliver another 300% expansion in 2026, underpinned by technology infrastructure powered by AI. The company says this trajectory reflects how quickly users are taking up the app and how central it is becoming to the wider group.


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