ID Finance Secured €545 Million for Consumer App
The funding follows profitability for Plazo, which integrates lending and payments to capture new merchant partners.
Updated on Oct. 13, 2026 in Financial Services
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ID Finance has raised €545 million in a new funding round to fuel the expansion of its Plazo consumer finance application. The fintech company, which operates in Spain and Mexico, reported reaching profitability in 2025.
Why it matters
The capital injection allows ID Finance to scale its merchant network and accelerate growth for Plazo, which has seen 300% year-over-year revenue gains. This influx follows a $150 million debt financing round secured in early 2024.
ID Finance reported €243 million in group revenue for 2025, driven by Plazo revenue growth of 300% compared to the prior year. The platform currently serves more than 400,000 users across its primary markets of Spain and Mexico.
The players
ID Finance
A fintech company operating consumer finance services and credit solutions across Spain and Mexico.
Plazo
A consumer finance application providing users with e-money accounts, debit cards, and BNPL services.
The details
The firm simultaneously launched Turrón by Plazo, a payment solution that combines e-money accounts, debit cards, and buy now, pay later (BNPL) functionality. By bundling these financial services into a single app, the company aims to deepen its integration with third-party merchants. This strategy leverages the firm's profitability to aggressively expand its consumer base ahead of projected 300% growth in 2026.
Timeline
Early 2024: ID Finance received $150 million in debt financing.
2025: ID Finance reached profitability and hit €243 million in revenue.
October 13, 2026: Announcement of the €545 million funding round.
2026: Plazo is expected to achieve 300% growth.
Market Landscape
This move marks a major shift in the fintech sector, following the broader 2024 global fintech debt financing trend. It reflects a transition where companies that achieved profitability are now securing significant capital to aggressively scale their merchant-facing ecosystems.
Operators in the retail and e-commerce space should monitor the expansion of the Turrón payment solution, which could create new competitive pressures for merchant transaction fees. Financial performance targets for 2026 should be calibrated against the company's aggressive 300% growth projection.
The takeaway
The successful funding of a profitable fintech app signals that capital markets are favoring platforms with integrated payment and lending capabilities. Businesses should evaluate if their current payment partners are bundling similarly integrated credit tools to streamline their own checkout experiences.
Further reading
Learn more about evolving sector benchmarks in Financial Services.
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