ID Finance

ID Finance is a Barcelona-headquartered fintech company that provides online consumer lending services in emerging markets, with significant operations in Mexico since launching in 2018. Founded in 2012 by Boris Batine and Alexander Dunaev, the company operates primarily under its MoneyMan brand in Mexico, offering short-term and medium-term unsecured personal loans ranging from $1,000 to $15,000 pesos with repayment terms of 91 to 120 days. The company targets underbanked populations in Mexico, where approximately 61% of adults lack access to traditional banking services. ID Finance leverages proprietary machine learning algorithms, artificial intelligence, and behavioral biometrics to analyze thousands of data points and process loan applications in real time, enabling credit scoring for customers with limited banking history. The company reached operational profitability in Mexico within eight months of launch and has secured over two million registered users in the country. In 2022, ID Finance originated over €98 million in consumer loans in Mexico. The company secured a $30 million debt facility in March 2023 specifically to accelerate growth in its Mexican operations, and in February 2024 closed a $150 million debt financing round led by i80 Group, marking the largest financing in the company's history. ID Finance maintains an office in Mexico City and participates actively with the Mexican Fintech Association to establish best practices for the sector. The company employs over 400 people across its global operations and has been recognized as one of Europe's fastest-growing fintech companies, ranking in the Financial Times FT 1000 list. ID Finance is noted as the first carbon neutral fintech in both Spain and Mexico.