Fitch Ratings, one of the world’s leading international credit rating agencies, has the ID Finance Spain SAU for its 9.5% corporate bond 2020/2023 a “B-” rating was granted.
Boris Batine, CEO and Co-Founder of ID Finance: “In light of the Covid-19 pandemic that is sweeping the world, ID Finance Spain has maintained its high profitability, continued to grow and gained access to the capital markets. Fitch’s ‘B-‘ rating is a clear indication that ID Finance Spain’s business activities are solid and that the company’s financial figures are sustainable despite the current global situation. This sets a new milestone for Spanish FinTech and strengthens the attractiveness of the bond, which was listed on the regulated market (General Standard) of the Frankfurt Stock Exchange in September 2020 ”.
About ID Finance Spain
ID Finance Spain, headquartered in Barcelona, was founded in 2015 and is an online consumer credit provider primarily aimed at underbanked customers in Spain. The current amount of outstanding loans from ID Finance Spain on Mintos is 10.7 million euros. There are 72,791 investors actively investing in ID Finance Spain loans with the average investment per investor being € 147.71.
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