ID Finance Secures €545M in Debt and Equity to Expand Plazo

What changed

Barcelona-based ID Finance announced €545 million in combined debt and equity financing on 13 October 2026. Spice Expeditions, WashU, Kingsway Capital and i80 Group participated, with the money earmarked to expand Plazo, its consumer-finance app.

The split between debt and equity was not disclosed. Plazo brings payments, shopping rewards, short-term borrowing and buy-now-pay-later services into one app.

Why it matters

This gives ID Finance substantial room to turn Plazo from a collection of financial features into a broader credit platform in Spain. The company says Plazo tripled its portfolio in 2025 and reached profitability, while co-founder Alexander Dunaev described the financing as backing for its approach to AI-driven underwriting and consumer credit.

The important practical question is what the money buys. More products could make Plazo a deeper part of customers’ financial routines, but the undisclosed financing mix matters too: debt and equity create different pressures as the company expands lending. The exact product roadmap and financing terms remain unclear, so the next test is whether expansion preserves the profitability and responsible lending record ID Finance claims.