We aim to improve financial well-being for everyone through technology
Empowering the underbanked
2 billion people do not have access to official financial services. ID Finance provides financing for those who cannot get funding from traditional financial institutions, by identifying non-trivial patterns in unstructured data that banks typically ignore.
ID Finance allows borrowers to obtain a loan 24/7, including weekends and bank holidays, from anywhere in the world. All they need is a smartphone and internet access.
Enriching our online business model
We have no sales offices or high street branches, so we make significant savings on rental and staffing costs. As a result we can offer provide more favourable credit terms than offline companies.
We firmly believe responsible lending is critical to the long term viability of our business and we act in the interests of our clients, ensuring transparency of lending terms and conditions. We also believe we have a role to play in improving financial literacy of our customers.
Providing loans that help rather than hinder
ID Finance does not use any aggressive credit policies or intrusive marketing techniques. Nor do we offer consumers credit that they do not need or cannot afford. We make sure our customers are well informed to make borrowing decisions. We believe lenders should avoid using small print in user agreements and contracts, or mislead their customers in any other way.
We engage proactively with national and supranational financial regulators to build a regulatory environment that is in the interests of both the companies and the consumers of financial services.
We support an increase in the level of financial literacy as a guarantee of the sustainable financial development of individuals and communities.