Observed Signal · Oct 13, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 2/5 · Sentiment: Positive
ID Finance Raises €545M for Consumer Credit App Plazo
Spanish fintech ID Finance has raised €545 million in a mix of debt and equity, announced on October 13, 2026. The Barcelona-based company aims to establish its consumer fintech app Plazo as Spain's leading credit platform. The round included international investors such as Spice Expeditions, WashU, Kingsway Capital, and i80 Group, which provided asset-based financing. The funding will be used to expand Plazo's product suite, combining payments, shopping rewards, and short-term borrowing, and recently added the BNPL feature 'Turrón by Plazo.' In 2025, Plazo tripled its portfolio, reached profitability, grew revenue 300% year-over-year, and amassed over 400,000 users. The company reported €243 million in revenue for 2025, with profit nearly doubling. With the new capital, Plazo expects to grow another 300% in 2026, supported by AI-driven underwriting and a strong user experience.
Although the article is about a fintech raising significant capital, it is not directly about advertising technology or marketing technology. The relevance to AdTech/MarTech is low, so the importance is moderate.
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Key Takeaways & Evidence Grounding
- ID Finance raised €545 million in debt and equity funding.
- Investors include Spice Expeditions, WashU, Kingsway Capital, and i80 Group.
- Plazo reached profitability in 2025 with 300% YoY revenue growth and over 400,000 users.
- ID Finance reported €243 million in revenue for 2025.
- Plazo plans to grow another 300% in 2026, supported by AI-powered technology.
Ontology Mapping & Concepts
Related Market Signals & Shifts
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FintechOS Raises $28M in Equity and Debt
FintechOS, a Romania-founded B2B software firm providing AI and software services for banks and insurance companies, has raised $28 million in a combination of equity and debt funding from its existing investors. The equity portion came from investors including Bek Ventures, IFC, Cipio Partners, and Molten Ventures, while a debt facility was provided by Santander Corporate Investment Banking. The company, headquartered in London with offices in Bucharest and New York, plans to use the funds to expand in the US, win more European clients, and scale its AI technology. FintechOS has raised over $150 million in total to date and achieved profitability in the first half of 2026, driven by growth in the US market.
Quartz Raises £2.75M Pre-Seed for Personal Finance Platform
London-based fintech Quartz has raised £2.75 million in pre-seed funding to launch its personal finance platform in the UK. The round was led by Daphni, with participation from Outward VC, K Fund, and angel investors including Philippe Gelis and Gilles BianRosa. Founded in 2025 by former Revolut and N26 executives, Quartz offers users a consolidated view of their finances, including pensions, ISAs, savings, and investments, through a single app. The platform includes an AI-based assistant named Charlie that provides personalised insights based on user data and market developments. Quartz is FCA-registered as an Account Information Service Provider and has been testing since Q1 2026, tracking over £10 million in member assets. The app is now available on the App Store and Google Play.
Finmid Raises €17M, Partners with Bolt
Berlin-based fintech Finmid, founded in 2021 by former N26 executives Max Schertel and Alexander Talkanitsa, has raised a €17 million Series A extension round led by Big Pi Ventures and Mainset, with participation from Earlybird. The company provides white-label embedded lending services to platforms. Finmid also announced a multi-year vehicle financing deal with Estonian ride-hailing firm Bolt, offering up to €400,000 per fleet operator over four years, and a merchant lending agreement with Greek marketplace Skroutz. The new funds will support expansion into asset finance, infrastructure, underwriting, and further growth in mobility and e-commerce sectors. With this round, Finmid's total funding stands at €52 million.
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