ID Finance is an international fintech company founded in 2012 by Russian entrepreneurs Boris Batin and Alexander Dunaev. [11] The company operates mainly in emerging markets , which are characterized by low competition in financial services , increased consumption, and increased penetration of telecommunication services. [12]
| ID Finance | |
|---|---|
| Type of | private company [1] |
| Base | 2012 [2] [3] |
| Location |  Spain : Barcelona [4] [3] |
| Key figures |
|
| Industry | Financial Technologies [1] [8] |
| Net profit | ▲ $ 5.3 million (first half of 2017) [1] |
| Number of employees | > 400 [9] |
| Affiliated companies | MoneyMan, [1] [10] [10] AmmoPay, [1] [6] Solva [1] [6] |
| Site | idfinance.com |
Content
Technology
ID Finance has developed its own risk management and credit scoring technologies [13] based on big data analysis and machine learning . [14] The system analyzes thousands of data sources to make a decision on the issuance of credit in real time.
Activities
The head office of the company is in Barcelona . The company employs more than 400 people. [9] The company owns the brands MoneyMan (short-term online lending service ), [10] AmmoPay (automated POS lending service) [15] and Solva (online medium-term loan issuance service for up to a year). [16] ID Finance operates in the markets of Russia , Spain , Kazakhstan , Georgia , Poland , Brazil and Mexico . [17] ID Finance also plans to enter the markets of Colombia , Peru [18] and the United States . [nineteen]
ID Finance reached a breakeven point in 2015, in 2016 its revenue increased to $ 68 million. [20]
Financing
ID Finance investors include Emery Capital venture capital fund and Russian entrepreneur Vadim Dymov . [17] [21] In February 2017, ID Finance received a loan of $ 50 million from a consortium of investors, [16] including $ 15 million from Transcapitalbank . [22]
In December 2017, the company launched a program for issuing exchange-traded bonds totaling $ 170 million and successfully raised $ 8.5 million. [23] [24]
Notes
- ↑ 1 2 3 4 5 6 Ekaterina Smirnova. ID Finance and Da Vinci Capital launch a new fund for investments in fintechprojects (Inaccessible link) . Vedomosti (July 26, 2017). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ Kieran Donnelly joined the ID Finance team . Business Petersburg (December 20, 2017). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ 1 2 Thomas Ohr. Building a fintech giant in sunny Barcelona - Interview with ID Finance co-founder and CEO Boris Batin . eu-startups.com (February 15, 2018). Date accessed February 24, 2018. Archived February 24, 2018. (eng.)
- ↑ Tatyana Kovlyagina. MoneyMan: fintech needs only an affordable capital market . bankir.ru (February 5, 2016). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ Anastasia Krivorotova, Lyudmila Petukhova. The Central Bank will sharply limit the size and rate of loans “to salary” . RBC (February 13, 2018). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ 1 2 3 Javier Gazquez. ¿Es posible montar un banco en 9 meses? Estos millennials lo consiguieron . entrepreneur.com (April 25, 2017). Date accessed February 24, 2018. Archived February 24, 2018. (Spanish)
- ↑ ID Finance: credit history will become the financial passport of every person on the planet . banks.eu (August 1, 2016). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ Roman Rozhkov. ID Finance . Kommersant (March 15, 2017). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ 1 2 ID Finance: About . Date of treatment February 26, 2018. Archived on February 26, 2018.
- ↑ 1 2 3 Svetlana Samuseva. Claimants have presented ID . Kommersant (October 18, 2017). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ Ben Moshinsky . 'We like it when things are difficult:' Meet the 29 and 33-year-old fintech founders who can set up a profitable bank in 9 months , Business Insider (February 9, 2017). Archived February 24, 2018. Date of appeal February 24, 2018. (English)
- ↑ Chris O'Brien. Barcelona's ID Finance raises $ 50 million in debt funding to expand fintech to developing countries . VentureBeat (February 16, 2017). Date of treatment February 24, 2018. Archived November 12, 2017. (eng.)
- ↑ First financial forum on neural networks . Expert Tatarstan (November 23, 2016). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ Andrei Atrashkevich. “We are most interested in money” - as we predict whether the borrower will repay the debt . rb.ru (December 14, 2017). Date accessed February 24, 2018. Archived February 24, 2018.
- ↑ Albert Habibrahimov. The Russian online lending service MoneyMan announced the launch in Brazil . vc.ru (December 7, 2016). Date of treatment February 25, 2018. Archived February 25, 2018.
- ↑ 1 2 Ekaterina Zagorskaya. ID Finance received $ 50 million of debt financing . firrma.ru (February 16, 2017). Date of treatment February 25, 2018. Archived February 25, 2018.
- ↑ 1 2 Vasily Imaev. ID Finance raised 10 million euros through the Blackmoon platform . Inc. Russia (March 14, 2017). Date of treatment February 25, 2018. Archived February 25, 2018.
- ↑ Anna Dubrovskaya. Maine beckon warm edges . Banks.ru (June 27, 2016). Date of treatment February 25, 2018. Archived February 25, 2018.
- ↑ Angela Scott-Briggs. Boris Batine, ID Finance: We are Fintech but will obtain banking license if needed for sure . techbullion.com (February 26, 2018). Date of treatment February 26, 2018. Archived on February 26, 2018. (eng.)
- ↑ ID Finance secures $ 50m debt funding . finextra.com (February 16, 2017). Date of treatment February 25, 2018. Archived February 25, 2018. (eng.)
- ↑ Elena Tofanyuk. The time of micro-bankers: why businessman Dymov invested $ 3 million in Moneyman service . Forbes Russia (June 5, 2013). Date of treatment February 25, 2018. Archived February 25, 2018.
- ↑ Jonathan Keane. Barcelona's ID Finance raises $ 50 million in debt to boost its Latin American plans . tech.eu (February 16, 2017). Date of treatment February 25, 2018. Archived February 25, 2018. (eng.)
- ↑ ID Finance raises $ 8.5m via exchange-traded bonds to support growth . finextra.com (December 13, 2017). Date of treatment February 25, 2018. Archived February 25, 2018. (eng.)
- ↑ Natalia Streltsova. MoneyMan, an online lending service, raised 500 million rubles on the Moscow Exchange . Banks.ru (December 11, 2017). Date of treatment February 25, 2018. Archived February 25, 2018.