ID Finance secures $610M, mostly debt, to expand Plazo

ID Finance sells consumer credit through Plazo, an app for people in Spain that offers credit lines of up to about $5,590. The Barcelona fintech has secured approximately $610 million of debt and equity to expand Plazo’s product range and its lending capacity.

This is mostly a debt deal. La Vanguardia, citing company sources, reported that approximately $559 million is structured debt from i80 Group, while about $50.3 million is direct equity. The split means the headline figure is chiefly lending capacity, not a $610 million equity injection. Figures are in US dollars, converted at October 13, 2026 reference rates.

Launched in 2021, Plazo puts debit and credit products in one app. Turrón broadens that workflow: customers can use an e-money account and debit card for online or in-store purchases, with a buy-now-pay-later option layered on top. ID Finance says it will use the financing to add products and expand Turrón’s merchant network.

The company said Plazo reached profitability in 2025 after tripling its portfolio and growing to more than 400,000 users. ID Finance reported approximately $272 million of group revenue for the year and said profit nearly doubled. La Vanguardia, citing company figures, put net profit at about $13 million.

Founded in 2015, ID Finance also operates MoneyMan, a business for consumer loans and fast microcredit. The latest package is much larger than Plazo’s previous disclosed i80 financing, a $150 million debt round in early 2024. i80’s new structured-debt commitment is nearly four times that earlier facility.