ID Finance announces €545 million in funding to expand Plazo
Image: Primary Barcelona-based ID Finance announced €545 million in debt and equity funding to expand its consumer finance app Plazo. Participants included Spice Expeditions, WashU, Kingsway Capital and i80 Group, which provided asset-based financing.
Plazo combines debit and credit services. ID Finance recently added Turrón by Plazo, which combines an e-money account, debit card and a buy now, pay later service for online and in-store purchases. The new funding follows €134 million in debt financing from i80 Group in early 2024 to grow Plazo's credit portfolio.
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