The HES team is proud to announce that our key client and a long-term partner ID Finance has been recognized as one of the fastest growing companies in Europe. According to the Financial Times 1000 list, ID Finance is the second fastest growing Fintech company in Europe with a compound annual growth rate of 136.8 per cent over 2014 and 2017 years.
Under the brands of MoneyMan and Plazo, ID Finance provides loans to underbanked areas in Spain, Brazil and Mexico.
“We are honored to be acclaimed as one of the fastest growing companies in Europe. We are constantly looking for new opportunities and investing in our future development to keep leading the way,” says Boris Batine, CEO at ID Finance. “I’d also like to mention our long-term partner HES that we worked closely for several years,” adds Mr. Batine.
A few years ago, the company set an ambitious goal to enter new markets in the LatAm region and Europe – challenging in operation, yet providing ample opportunities for growth. The FT 1000: Europe’s Fastest Growing Companies list has revealed that ID Finance is consistently working towards its goals with 2017 annual revenue in Europe reaching €87 millions. Following rapid expansion of its market presence in the areas, the company also reports 1.5 million registered users and $92 million in issued loans in 2018.
“We are pleased that ID Finance has been paid due attention by The Financial Times and recognized as one of the most fast-growing fintech companies. They deserve such high praise for their exceptional talent and immense effort that they put into further development of their business and industry. The company is capable of identifying the potential of new markets and use it to thrive in a challenging environment. We are also proud to be able to contribute to this success with our solution that has been instrumental to these ambitious plans,” comments Dmitry Dolgorukov, CEO at HES.