ID Finance Spain has revealed its audited monetary outcomes for Q1 2023. The corporate has supplied the next operational and monetary info:
In 2022, ID Finance recorded a income of €170M and a revenue of €6.3M. The corporate reported hitting a brand new portfolio milestone in Q1 2023, surpassing the €50M mark, which represents a 5% year-to-year improve.
All through the primary 5 months of 2023, MoneyMan, ID Finance Spain’s core product, contributed €3.8M to the web revenue. A part of this revenue, roughly €300 000, was reinvested into the event of recent monetary options aimed toward offering clients with new product options.
The corporate additionally maintained a robust capital place, leading to an fairness to-assets degree of 27.2%, a 3% improve in comparison with December 2022.
