Ibancar Raises €10M in Funding
- Ibancar, a Madrid, Spain-based provider of a credit platform for consumers, received a debt facility up to an amount of €10m
- The round was led by Knuru Capital
- The facility has been led by global venture capital and private credit investor Knuru Capital and will allow the platform to fund its growing loan book and continue its explosive growth trajectory
- The facility will complement Ibancar s existing and ongoing debt funding from crowdlending marketplaces
- The company intends to use the funds to scale fast in Spain, expand its activity to Mexico as well as launch other auto related credit products
- The company plans to announce an additional institutional debt facility of up to €50m in 2022
