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.
