ID Finance

ID Finance
Type	Private company
Industry	Financial services
Founded	2012; 12 years ago
Headquarters	Barcelona, Spain
Key people	Boris Batine (CEO); Alexander Dunaev (COO);
Number of employees	380
Website	{{{1}}}

ID Finance is a financial technology company founded in 2012 by Boris Batine and Alexander Dunaev.^[3]^[4] It is predominantly focused on emerging markets, which are characterized by noncompetitive financial services, limited availability of credit and high barriers to entry.^[5]^[6]

Technology

ID Finance's proprietary IT and risk management system collects and analyses thousands of data points in order to process loan applications in real time over the internet.^[7]^[8]

Operations

ID Finance is headquartered in Barcelona.

It was formally split from its operations Russia, the CIS region and Eastern Europe (which became IDF Eurasia) in 2018.^[9]

The company's head office is located in Barcelona. The company employs more than 400 people. The company owns the brands MoneyMan (short-term online lending service), AmmoPay (automated POS lending service) and Solva (online service for issuing medium-term loans up to a year). ID Finance operates in the markets of Russia, Spain (Moneyman.es, Plazo.es), Kazakhstan, Georgia, Poland, Brazil and Mexico. ID Finance also plans to enter the markets of Colombia, Peru and the USA.

Funding

The company has raised €60m since 2015 including €5.8m of equity and €54m through debt.^{[citation needed]}

References

↑ Mavadiya, Madhvi (18 June 2017). "Russian Fintech And Their Fight Against Geopolitics". Forbes. https://www.forbes.com/sites/madhvimavadiya/2017/06/18/russian-fintech-geopolitics/#3631d365f432.
↑ "ID Finance - FinTech Profile". 5 July 2017. http://fintechprofile.com/2017/07/05/id-finance/.
↑ Moshinsky, Ben (9 February 2017). "'We like it when things are difficult:' Meet the 29 and 33-year-old fintech founders who can set up a profitable bank in 9 months" (in en). Business Insider. http://www.businessinsider.com/id-finance-profile-boris-batin-and-alexander-dunaev-2017-2?IR=T.
↑ "ID Finance's Emerging Markets Alt Lending Fix | PYMNTS.com" (in en-US). 8 August 2017. https://www.pymnts.com/news/alternative-financial-services/2017/russian-id-finances-emerging-markets-alt-lending-fintech-credit-fund/.
↑ "Barcelona's ID Finance raises $50 million in debt funding to expand fintech to developing countries". VentureBeat. 16 February 2017. https://venturebeat.com/2017/02/16/barcelonas-id-finance-raises-50-million-in-debt-funding-to-expand-fintech-to-developing-countries/. Retrieved 3 April 2017.
↑ Finextra (2018-02-27). "Online lender ID Finance bolsters security with beahvioural biometrics" (in en). Finextra Research. https://www.finextra.com/pressarticle/72792/online-lender-id-finance-bolsters-security-with-beahvioural-biometrics.
↑ "ID Finance to Incorporate Behavioral Biometrics to AI-Based Fraud Scoring Engine | Crowdfund Insider" (in en-US). Crowdfund Insider. 2018-02-27. https://www.crowdfundinsider.com/2018/02/128880-id-finance-incorporate-behavioral-biometrics-ai-based-fraud-scoring-engine/.
↑ Banker, The. "TechTalk: Interview with Alexander Dunaev, ID Finance" (in en-GB). http://www.thebanker.com/video/v/5731451644001/techtalk-interview-with-alexander-dunaev-id-finance.
↑ "ID Finance secures £1.5m within minutes on Crowdcube" (in en). 2019-10-16. https://www.finextra.com/pressarticle/80268/id-finance-secures-15m-within-minutes-on-crowdcube.

External links

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[1] Mavadiya, Madhvi (18 June 2017). "Russian Fintech And Their Fight Against Geopolitics". Forbes. https://www.forbes.com/sites/madhvimavadiya/2017/06/18/russian-fintech-geopolitics/#3631d365f432.

[employees-2] "ID Finance - FinTech Profile". 5 July 2017. http://fintechprofile.com/2017/07/05/id-finance/.

[businessinsider-3] Moshinsky, Ben (9 February 2017). "'We like it when things are difficult:' Meet the 29 and 33-year-old fintech founders who can set up a profitable bank in 9 months" (in en). Business Insider. http://www.businessinsider.com/id-finance-profile-boris-batin-and-alexander-dunaev-2017-2?IR=T.

[4] "ID Finance's Emerging Markets Alt Lending Fix | PYMNTS.com" (in en-US). 8 August 2017. https://www.pymnts.com/news/alternative-financial-services/2017/russian-id-finances-emerging-markets-alt-lending-fintech-credit-fund/.

[5] "Barcelona's ID Finance raises $50 million in debt funding to expand fintech to developing countries". VentureBeat. 16 February 2017. https://venturebeat.com/2017/02/16/barcelonas-id-finance-raises-50-million-in-debt-funding-to-expand-fintech-to-developing-countries/. Retrieved 3 April 2017.

[:0-6] Finextra (2018-02-27). "Online lender ID Finance bolsters security with beahvioural biometrics" (in en). Finextra Research. https://www.finextra.com/pressarticle/72792/online-lender-id-finance-bolsters-security-with-beahvioural-biometrics.

[7] "ID Finance to Incorporate Behavioral Biometrics to AI-Based Fraud Scoring Engine | Crowdfund Insider" (in en-US). Crowdfund Insider. 2018-02-27. https://www.crowdfundinsider.com/2018/02/128880-id-finance-incorporate-behavioral-biometrics-ai-based-fraud-scoring-engine/.

[8] Banker, The. "TechTalk: Interview with Alexander Dunaev, ID Finance" (in en-GB). http://www.thebanker.com/video/v/5731451644001/techtalk-interview-with-alexander-dunaev-id-finance.

[9] "ID Finance secures £1.5m within minutes on Crowdcube" (in en). 2019-10-16. https://www.finextra.com/pressarticle/80268/id-finance-secures-15m-within-minutes-on-crowdcube.

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