Equity crowdfunding; final close · Fintech
ID Finance closes £4.95 million equity crowdfunding round
The Crowdcube campaign attracted 1,223 investors to support expansion in Spain and Latin America.
ID Finance announced the close of its £4.95 million equity crowdfunding round on November 13, 2019. The Crowdcube campaign attracted 1,223 investors and closed a week ahead of schedule.
The company planned to use the funding to expand marketing and grow its business in Spain, Brazil and Mexico. Its lending products use data analysis and credit scoring to serve consumers with limited access to conventional financial services.
Earlier October reports described the campaign’s running total. The November figure represents the completed campaign.
Use of funds
Expand marketing and lending in Spain, Brazil and Mexico
Funding history
Equity crowdfunding; final close · This round£5M