ID Finance

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ID Finance

Company type| Private company
Industry| Financial services
Founded| 2012; 13 years ago (2012)
Headquarters|

Barcelona

Spain

Key people

* Boris Batine (CEO)
* Alexander Dunaev (COO)[1]

Number of employees

| 380[2]
Website| idfinance.com

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

[edit]

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

[edit]

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 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.

## Funding

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

## References

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1. ^ Mavadiya, Madhvi (18 June 2017). "Russian Fintech And Their Fight Against Geopolitics". Forbes.
2. ^ "ID Finance - FinTech Profile". 5 July 2017.
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". Business Insider. Retrieved 22 December 2017.
4. ^ "ID Finance's Emerging Markets Alt Lending Fix | PYMNTS.com". PYMNTS.com. 8 August 2017. Retrieved 13 March 2018.
5. ^ "Barcelona's ID Finance raises $50 million in debt funding to expand fintech to developing countries". VentureBeat. 16 February 2017. Retrieved 3 April 2017.
6. ^ Finextra (27 February 2018). "Online lender ID Finance bolsters security with beahvioural biometrics". Finextra Research. Retrieved 13 March 2018.
7. ^ "ID Finance to Incorporate Behavioral Biometrics to AI-Based Fraud Scoring Engine | Crowdfund Insider". Crowdfund Insider. 27 February 2018. Retrieved 13 March 2018.
8. ^ Banker, The. "TechTalk: Interview with Alexander Dunaev, ID Finance". www.thebanker.com. Retrieved 13 March 2018.
9. ^ "ID Finance secures £1.5m within minutes on Crowdcube". Finextra Research. 16 October 2019. Retrieved 13 January 2021.

## External links

[edit]

* Official website