ID Finance’ €5.4m raise set a new Crowdcube record for an overseas businesses

ID Finance scoops the No.1 place in terms of investment raised by non-UK companies, pulling in €5.4m in November 2019. Despite Brexit uncertainty, investment into businesses based outside the UK has doubled since 2018. Totally, by 2019, Crowdcube’s overseas raises drew in €26.6m, which marked a massive 100% hike from 2018.

Pepe Borrell, Head of International Fundraises, Crowdcube, says: “The sensational year-on-year growth of our international operation shows how equity investments are shifting from the local to the global. We welcome the move by European regulators to bring in ground-breaking legislation in 2021, aimed at growing capital markets and which is sure to feed financing for entrepreneurs.”

Boris Batine, co-founder and CEO, ID Finance says: “It was a pleasure working with such a professional Crowdcube team on this exciting transaction. Our Crowdcube campaign exceeded our expectations, as we closed the raise ahead of schedule with sizable overfunding. The success of the campaign was a result of our strong track record, the enormous opportunity in the regions we operate and a clear strategy by ID Finance to become the number one digital lending platform across Latin America and Spain.”