# ID Finance raises $8.5m via exchange-traded bonds to support growth
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-12-14
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ID Finance completes $8.5m bond issuance on Moscow Exchange
Meta Description: Discover how ID Finance's $8.5m bond issuance sets the stage for their $170m expansion plan on the Moscow Exchange - a key milestone in their fintech
URL: https://financedigest.com/id-finance-raises-8-5m-via-exchange-traded-bonds-to-support-growthhtml

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Fintech company completes first tranche of $170m bond issuance programme

[ID Finance](https://idfinance.com/), the emerging markets fintech company, today announced successful completion of its first issuance of exchange-traded bonds. The company raised $8.5m from the bond registered in Russia and listed on the Moscow Exchange. It was the first tranche of a $170m bond issuance programme that the company plans to support global expansion.

The bond, which was oversubscribed, has a maturity period of three years and a [quarterly coupon payment](https://www.financedigest.com/polands-bank-millennium-third-quarter-results-hit-by-payment-holidays.html "Poland’s Bank Millennium third-quarter results hit by payment holidays") frequency. The bond is [listed on the Moscow Exchange](https://www.financedigest.com/ceo-blume-hails-historic-moment-as-porsche-ag-lists-on-frankfurt-exchange.html "CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange"), a leading exchange for trading a range of assets including bonds, equities, derivatives and money market instruments.

In line with the Company’s financing strategy, this new issue increases diversity of funding and will [support ID Finance’s continued growth](https://www.financedigest.com/how-technology-can-support-insurance-business-growth.html "How technology can support insurance business growth") and diversification across products and geographies.

Boris Batin, CEO, ID Finance said: “Our debut bond issue marks an important stage in ID [Finance’s development](https://www.financedigest.com/bridging-finance-for-property-development.html "Bridging Finance for Property Development") and is in line with our plan to further diversify our sources of funding.  The strong investor demand for our debut issue reflects confidence in our strategy and is a significant endorsement for the Company, which is rapidly [emerging](https://www.financedigest.com/analysis-after-sanctions-barrage-russias-emerging-market-allies-explore-workarounds.html "Analysis-After sanctions barrage, Russia’s emerging market allies explore workarounds") as one of the fastest growing fintechs within the emerging markets.”

Investment [banking firm](https://www.financedigest.com/bank-of-england-publishes-rules-for-energy-firms-liquidity-tool.html "Bank of England publishes rules for energy firms’ liquidity tool") Renaissance Capital acted as the Lead Manager for the bond placement.

Prior to establishing ID Finance, co-founders, Boris Batin and Alexander Dunaev held senior positions at investment banking firms Renaissance Capital and [Deutsche](https://www.financedigest.com/citigroup-to-buy-deutsche-bank-license-in-mexico-for-wholesale-unit.html "Citigroup to buy Deutsche Bank license in Mexico for wholesale unit") Bank. The founders are leveraging their experience of debt capital [markets](https://www.financedigest.com/digital-marketing-for-finance-and-insurance-firms-is-changing-are-you-ready.html "Digital marketing for finance and insurance firms is changing — Are you ready?") to enhance the diversity and maturity of ID Finance’s financing profile.

Barcelona headquartered ID Finance is a rapidly growing data science, [credit scoring](https://www.financedigest.com/how-to-raise-my-credit-score-40-points-fast.html "How to raise my credit score 40 points fast") and digital finance provider. Established in 2012, it has operations in Spain, Kazakhstan, Georgia, Poland, Russia, Brazil and Mexico. It saw 92% revenue [growth](https://www.financedigest.com/experian-sees-annual-revenue-growth-on-steady-demand.html "Experian sees annual revenue growth on steady demand") in the first nine months of 2017 and is now issuing over 60,000 loans each month with monthly revenue of $15m.


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