ID Finance lands €21M debt facility to fuel Spanish lending push

What's the deal? ID Finance, a fintech operating in Spain and Mexico, has secured a €21 million debt facility from nordIXDealroom has a profile for this one. Try Dealroom →, a German specialised asset manager. The proceeds will fund new consumer loans and expand the company's credit portfolio in Spain.

What's the endgame? ID Finance runs an alternative lending platform with more than 3.7 million registered users in Spain, offering small, short-term loans through a fully digital process. The facility raises its lending capacity to meet continued demand for new originations.

Strong financial momentum: In the first six months of the year, ID Finance originated over €190 million in consumer loans in Spain, generating about €100 million in revenue. Those results back the new facility and the platform's expansion.

Why now? The deal broadens ID Finance's institutional funding base as it seeks to win share from traditional banks. "This agreement marks another important step in the development of our alternative lending platform in Spain," said Boris Batine, co-founder and chief executive officer of ID Finance.

For nordIX, ID Finance is its third lender partnership in the country. "ID Finance is the clear market leader in digital consumer lending," said Claus Tumbrägel, a member of the management board of nordIX AG, adding that the deal reflects the strategy of its European Consumer Credit Fund, which backs non-bank lenders with strong digital capability and disciplined underwriting.

The signal: Founded in Barcelona in 2015, ID Finance is part of a wave of non-bank digital lenders extending credit to borrowers that traditional banks often overlook. The nordIX facility shows institutional investors are increasingly funding these platforms through dedicated consumer credit vehicles.

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Image credit: Jorge Franganillo