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Quick Loans Online by ID Finance

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ID Finance plans to raise $ 100 million next year. The loan company wants to raise this money through a series of bond issues.

ID Finance is a company specializing in granting quick loans online, which from the beginning of its existence gave commitments for a total amount of about 300 million dollars. Currently, the brand is planning to increase the debt cohesion due to the small amount of funds from investors compared to other companies. Next year, the company plans to raise approximately $ 100 million as part of a bond issue series. The funds raised will be spent on expansion in Latin America and the United States.

Plans for the future

Plans for the future

Co-founder and Managing Director of ID Finance Boris Batine during London conference LendIt Europe announced that the company is hoping to collect about $ 100 million next year. So far, the company has raised $ 10 million (£ 7.6 million) by selling shares and $ 70 million (£ 53 million) in receivables. Boris Batine claims that the company also has $ 20 million (£ 15.1 million) in retained earnings between shareholders. The next issue of ID Finance bonds will take place in November in Russia. The company plans to collect about $ 20 million then. Further issues of international bonds are planned for the next year.

ID Finance plans to use the proceeds from the planned issue of bonds to finance the further development of the brand in Brazil and Mexico. The company also plans to start operations in new countries – Colombia and Peru, and in the future in the United States. There, he wants to focus his activities especially on Spanish communities, which are often cut off from the possibility of taking a quick loan due to the lack of information in credit histories. The activity of ID Finance in Latin America is to help this kind of consumers in generating and collecting data to assess their creditworthiness.

 

Current activity

Current activity

ID Finance is a startup founded in 2012, whose business is to provide quick loans online. For the company, the target group of customers are mainly those who do not have the possibility to obtain additional financing in the traditional way. The ID Finance brand, using different sources of data regarding a potential client, also gives opportunities to those consumers who can not boast of a documented credit history. Currently, the lender operates in Russia, Spain, Kazakhstan, Georgia, Poland, Brazil and Mexico.

To this day, ID Finance has already granted loans for approximately USD 300 million. Only last year the lender lent about 90 million dollars to his clients. The company’s ambitious plans are to increase this amount to $ 250 million later this year.