ID Finance Secures Spot in FT 1000 Ranking for Seventh Year Running

ID Finance, a prominent fintech firm based in Spain and Mexico, has announced its inclusion in the Financial Times' FT 1000 list of Europe's fastest-growing companies for the seventh consecutive year. Compiled by the Financial Times and Statista, the FT 1000 spotlights companies with the highest compound annual growth rates (CAGR) from 2019 to 2022. ID Finance showcased a remarkable 251% growth over these years, with a CAGR of 52%, positioning it as Spain's second fastest-growing fintech entity.

Despite the economic challenges from 2019 to 2022, including inflation and geopolitical tensions, ID Finance has continued to demonstrate resilience and an impressive capacity for growth. Over the last year, the company secured substantial investments, including €30 million from Kingsway Capital, a $30 million debt facility from Spouting Rock, and a €12 million credit line from a reputed European bank. The criteria for the 2024 FT 1000 ranking necessitated a minimum CAGR of 36.3%, a benchmark ID Finance comfortably surpassed, emphasizing its leading role in the fintech industry and its unwavering commitment to innovation.