ID Finance

Founded in 2012 and now headquartered in Barcelona, ID Finance is one of the fastest growing online lending companies globally focused on emerging markets. It has operations in seven countries (Russia, Spain, Poland, Georgia, Kazakhstan, Brazil and Mexico) and has been recognised as a unicorn of tomorrow by London investment bank, GP Bullhound. The company is leveraging the growth of mobile internet and availability of data to provide access to competitive and transparent financial services, and address the massive structural demand for credit unmet by incumbents. ID Finance's proprietary and fully automated scoring technology uses data science and machine learning to determine loan eligibility. It takes a Big Data approach working with a number of partners – from traditional credit scoring agencies to mobile operators, utility companies and social media platforms. The Company also gather geolocation data as well as behavioural data such as typing patterns. All of this helps to measure creditworthiness as well as identify fraudulent applications. And the more applications processed, the better risk management technology performs. Of course, ID Finance is mindful of privacy concerns and it anonymise the data to protect the customers. ID Finance is pioneering fintech innovation in many of these markets. The Company has built the digital finance infrastructure for balance sheet lending in seven countries in less than five years. IDF can now reach profitability within a year of launching into a new territory. Despite processing 100% of loan applications in real time, ID Finance also have one of the best performing risk management systems in the industry thanks to our advanced data science capabilities. While The Company is growing aggressively, wit also practice responsible lending and it is in constant dialogue with the regulators and central banks. ID Finance aims to be the biggest non-bank lender in Brazil by the end of 2019, and worldwide as well. The Company plans to raise $170m from bond issuances to support our growth, with the aim of being in 12 countries including Colombia, Peru and the U.S. by 2021.

About

While in Europe most people have access to a bank account and credit card, emerging markets can be very different. Banks are often inaccessible for those outside of cities and people are regularly denied loans or charge uncompetitive rates due to past mistakes. In Mexico, 61% of its 127.5m population is unbanked and only 25% have access to a credit card. In Brazil 40% of its 207m population is blacklisted from the traditional banking system. We’re talking about a massive structural demand for credit that is unmet by incumbents. ID Finance is pioneering fintech innovation in many of these markets. Together with our partners, we have built the digital finance infrastructure for balance sheet lending in seven countries in less than five years. We can now reach profitability within a year of launching into a new territory and we will be launching in additional markets this year. Despite processing 100% of loan applications in real time, we also have one of the best performing risk management systems in the industry thanks to our advanced data science capabilities. While we are growing aggressively, we also practice responsible lending and we are in constant dialogue with the regulators and central banks. ID Finance takes a Big Data approach working with a number of partners – from traditional credit scoring agencies to mobile operators, utility companies and social media platforms. We also gather geolocation data as well as behavioural data such as typing patterns. All of this helps to measure creditworthiness as well as identify fraudulent applications. And the more applications we process, the better our risk management technology performs. Of course we are mindful of privacy concerns and we anonymise the data to protect our customers.

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