Issuer: ID Finance Investments, S.L. / Key word(s): Annual Results/Bond
28.02.2023 / 11:39 CET/CEST
The issuer is solely responsible for the content of this announcement.
ID Finance closes 2022 with a record revenue of €170M
28 th of February 2023 – ID Finance, one of the fastest growing Spanish fintech, has closed 2022 with a record revenue of €170M, showing a 20% annual growth, while net profit grew 17% up to €7.4M.
MoneyMan Spain is the key contributor to the group financials
The key driver behind the financial performance was Spanish lending platform MoneyMan with a revenue of €119M and a net income of €10.4M. In this regard, the growth of this product kept sustainable at a 33% pace compared to 2021, thus consolidating MoneyMan as the leading alternative lending brand in Spain.
Capital in this market grew to €18.7M, resulting in a strong equity ratio of 24%, exceeding the industry’s average level of around 15%, despite the economic uncertainty that characterized 2022.
Focus on the performance excellence
Overall credit issuance kept growing,…
