ID Finance secures €21M from nordIX to grow its Spanish lending business

Fintech company ID Finance has secured a €21 million debt facility from German asset manager nordIX to support the continued growth of its consumer lending business in Spain. Founded in Barcelona in 2015, ID Finance operates in Spain and Mexico, providing digital financial services focused on consumer lending. The company has more than 3.7 million registered users in Spain, where it offers small, short-term consumer loans through a digital platform.