ID Finance has secured a €21 million debt facility from German asset manager nordIX to expand lending activity through its consumer finance platform in Spain. The financing will be directed toward new loan originations, giving the fintech additional capacity to grow its credit portfolio and meet demand for digitally delivered short-term loans. The agreement also strengthens ID Finance’s institutional funding base as the company continues to scale its Spanish operations.
Expanding Lending Capacity in Spain
Founded in Barcelona in 2015, ID Finance operates digital financial services businesses in Spain and Mexico, with its Spanish platform serving more than 3.7 million registered users. The company positions itself as a major alternative lender in the market, offering small consumer loans through a fully digital application and servicing process. The new facility is intended to support further portfolio growth by increasing the capital available to fund loans originated through the platform.
The transaction comes amid continued expansion in ID Finance’s Spanish lending business during 2026. In the first six months of the year, the company originated more than €190 million in consumer loans in Spain and generated approximately €100 million in revenue, according to the announcement. Those figures provide the financial backdrop for the new funding arrangement and indicate the scale at which the platform is currently operating.
Diversifying Institutional Funding
Beyond providing additional lending capacity, the agreement broadens the mix of institutional capital supporting ID Finance’s operations in Spain. A more diversified funding structure can give non-bank lenders greater flexibility to expand loan books while reducing reliance on a narrow group of financing sources. ID Finance said the nordIX facility forms part of its wider strategy to build a stable funding base capable of supporting sustainable long-term development.
For nordIX, the transaction adds ID Finance to the group of non-bank consumer lenders supported through its European Consumer Credit Fund. The Hamburg-based investment manager specializes in fixed-income securities, private credit and derivatives, and provides financing to established digital and non-bank lenders across Europe. Its involvement reflects an investment strategy centered on lenders with established underwriting processes, digital distribution capabilities and operating experience in consumer credit.
Strategic Rationale for the Partnership
ID Finance co-founder and CEO Boris Batine said the facility represents another step in the development of the company’s alternative lending platform in Spain. He said the additional capital will help finance more loan originations and expand the portfolio, while also pointing to nordIX’s participation as a signal of confidence in ID Finance’s operating model and risk management approach. The company has emphasized disciplined underwriting and institutional funding diversification as important elements of its growth strategy.
Claus Tumbrägel, a member of the management board of nordIX AG, said the asset manager views ID Finance as well positioned to navigate changes in Spain’s consumer lending market. He highlighted the company’s underwriting standards, compliance culture and digital capabilities, while noting that ID Finance is the third lender in Spain backed by nordIX. The investment fits the mandate of nordIX’s European Consumer Credit Fund, which targets non-bank lenders seeking capital to finance consumer loan portfolios.
The €21 million facility gives ID Finance additional resources to expand consumer lending in Spain while reinforcing the company’s broader institutional funding strategy. With more than €190 million in Spanish loan originations during the first half of 2026, the fintech enters the agreement from a position of significant operating scale and continued demand. The partnership with nordIX adds another source of specialist credit capital as ID Finance works to deepen its presence in the Spanish alternative lending market.