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ID Finance: Raises €30M in Equity Round Led by Kingsway Capital

ID Finance: Raises €30M in Equity Round Led by Kingsway Capital

  • ID Finance secures a €30M investment led by Kingsway Capital, a UK-based asset manager.
  • The transaction has been officially endorsed by the Spanish Council of Ministers and is the biggest investment inflow into a Spanish fintech in 2023.
  • The investment includes both a primary capital infusion and a buyout of shares from the company’s early investors.
  • The capital injection is structured as a convertible loan with a maximum valuation of €235M.
  • The capital will be used for the organic growth of the business, specifically the roll-out of Plazo
  • Co-founder Boris Batine will assume the role of CEO of Plazo.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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