ID Finance among Europe’s fastest growing companies ranked by FT 1000

2^nd of March of 2023 - ID Finance has been ranked by FT 1000 as one of Europe’s fastest growing companies for the 6^th year in a row. The company achieved a total growth of 243% over the last 3 years, recording a solid 50% compound annual growth rate (CAGR), despite the challenging external environment of the past years.

Having left the pandemics behind, since February of last year companies have had to deal with geopolitical tensions. In this regard, in its online report highlights a shift in the economic scenario marked by persistent inflation, leading to the end of cheap borrowing. As a result, the media outlet points to a 16% year-on-year decrease in venture capital investment, according to data provided by PitchBook.

The ranking FT 1000 is a compound of European companies that have recorded the highest annual growth between 2018 and 2021. Elaborated by Financial Times alongside market and consumer data platform , the requirements for companies to be included was to achieve a CAGR of at least 36.2%.

About ID Finance

ID Finance is a leading finance technology company based in Spain with operations in this country and Mexico. Its main offering is focused on providing retail banking and finance solutions. It is among the few carbon-neutral financial technology firms in Spain and Mexico. The company is consistently profitable and since its inception in 2015 it has processed around 10 million credit applications. In Spain, ID Finance alternative lending platform has recently consolidated as market leader and keeps constantly growing its customer base. In addition, in 2021 ID Finance launched financial wellness app , developed with a mix of cutting-edge technology to offer debit, saving and credit solutions to help people achieve financial wellness.

For further information, please contact:

Katia Ballano Göring

PR & Comms manager ID Finance Plazo