ID Finance Celebrates Seventh Consecutive Year in Financial Times' FT 1000 Ranking as One of Europe's Fastest-Growing Companies
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Issuer: ID Finance Investments, S.L.
/ Key word(s): Miscellaneous/Miscellaneous
5th of March of 2024 – ID Finance, a leading fintech company in Spain and Mexico, has proudly secured its position for the seventh consecutive year as one of Europe's fastest-growing companies, according to the FT 1000 ranking. This prestigious list, compiled by the Financial Times in partnership with the market and consumer data platform Statista, showcases European companies that have achieved the highest compound annual growth rates (CAGR) between 2019 and 2022. ID Finance has demonstrated remarkable growth, achieving a 251% increase over the last three years, with a CAGR of 52%. This exceptional performance ranks it as the second fastest growing fintech company in Spain. Despite facing a challenging macroeconomic environment characterized by significant inflation and geopolitical tensions from 2019 to 2022, ID Finance has shown unparalleled resilience and growth capability. In the past year alone, the company attracted significant investments from leading institutional investors, including a €30 million investment from Kingsway Capital, a $30 million debt facility from Spouting Rock, and a €12 million credit line from a notable European listed bank. The FT 1000 ranking is composed of European companies that have demonstrated the highest annual growth rates during the specified period. This year's inclusion criteria required companies to achieve a minimum CAGR of 36.3%. ID Finance's continued presence on this list underscores its leadership position in the fintech sector and its commitment to innovation and growth.
About ID Finance
ID Finance is a leading fintech company in Spain and Mexico, specializing in providing innovative financial solutions. Always committed to responsible practices, the company consistently achieves solid financial performance while maintaining the highest standards in integrity and customer satisfaction. For seven years in a row, the company has been listed among the fastest-growing companies in Europe in the FT1000 ranking. In 2021, it launched its flagship financial wellness app Plazo in Spain, which offers transactional and credit solutions aimed at helping people gain greater control over their finances and improve their financial stability.
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