# ID Finance strengthens board with ex-CEO of 4finance Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-12-07 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: ID Finance Strengthens Board with Ex-4finance CEO as Advisor Meta Description: Former 4finance CEO appointed to support global expansion and diversification of emerging markets fintech company ID Finance. URL: https://financedigest.com/id-finance-strengthens-board-with-ex-ceo-of-4financehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd071217-9-1736843178286-compressed.jpg) Kieran Donnelly joins emerging markets fintech company as board advisor [ID Finance](https://idfinance.com/), the emerging markets fintech company, has strengthened its board with the appointment of Kieran Donnelly, ex-CEO of, 4finance, as a board advisor. The appointment will support ID Finance as it continues rapid expansion and further diversification of its business. Kieran Donnelly served as CEO at 4finance, the European online and mobile consumer lending group for three years. He brings over 30 years of management experience to ID Finance having also [held senior roles at Standard Bank Group](https://www.financedigest.com/lebanese-bank-closes-over-30-british-held-accounts-after-uk-ruling-depositors-group.html "Lebanese bank closes over 30 British-held accounts after UK ruling-depositors’ group"), MDM Bank and Renaissance Group. “Kieran brings a very strong understanding of this space and what it takes to be a leader in alternative lending. He also brings a wealth of experience in both developed and [emerging markets](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"). We’re confident he will help us to take ID [Finance to the next level in terms of global](https://www.financedigest.com/g20-to-back-global-corporate-tax-deal-says-french-finance-minister.html "G20 to back global corporate tax deal, says French finance minister") expansion,” comments Boris Batine, co-founder and CEO at ID Finance. ID Finance group is a [rapidly growing](https://www.financedigest.com/rapidly-growing-end-use-industries-worldwide-is-providing-traction-to-the-13-dioxolane-market-growth-fact-mr-report.html "Rapidly growing End-use Industries Worldwide is Providing Traction to the 1,3-dioxolane Market Growth: Fact.MR Report") data science, credit scoring and digital finance provider. The company was established in 2012 and now operates in Spain, Kazakhstan, Georgia, Poland, Russia, Brazil and Mexico. It now has over 3.8 [million](https://www.financedigest.com/supercapacitor-market-size-to-worth-around-usd-5979-67-million-by-2026-tmr.html "Supercapacitor Market Size to Worth around USD 5,979.67 Million by 2026 – TMR") registered customers and has so far issued more than 1.1 million loans worth USD 300 million. “I’ve been extremely impressed by the integrity of ID Finance’s [leadership team](https://www.financedigest.com/zivver-expands-leadership-team-names-three-new-c-level-executives.html "Zivver Expands Leadership Team, Names Three New C-level Executives"), who bring exceptional attention to detail as well as a fascinating vision for the business,” comments Kieran Donnelly, board advisor at ID Finance. “Their [track record](https://www.financedigest.com/norway-on-track-for-record-gas-export-will-be-ready-for-winter-gassco-ceo.html "Norway on track for record gas export, will be ready for winter -Gassco CEO") to date is also testament to their ability to execute to plan.” ID Finance [moved its headquarters to Barcelona last year and now has over 400 staff spread across offices](https://www.financedigest.com/ecommerce-localization-specialist-reach-builds-unstoppable-momentum-with-new-senior-appointments-and-canadian-office-move.html "Ecommerce localization specialist, Reach, builds unstoppable momentum with new senior appointments and Canadian office move") in Spain, Georgia, Russia, Kazakhstan, Belarus, Poland, 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 following continued diversification across products and its successful expansion into the Brazilian and Mexican online lending markets. It is now issuing over 60,000 loans each month with monthly revenue of $15m. According to Goldman Sachs, Brazil has an estimated revenue pool of $24 billion for fintech companies over the [next 10 years](https://www.financedigest.com/german-engineering-firms-expect-hit-from-supply-chain-bottlenecks-next-year.html "German engineering firms expect hit from supply chain bottlenecks next year"), with payments, lending and personal finance the most promising segments. Meanwhile fintech startup Finnovista believes that fintech startups could take up to 30 per cent of Mexico’s banking [market in the next decade](https://www.financedigest.com/the-next-decade-to-see-the-humanized-liver-mice-model-market-detonate-innovation.html "The Next Decade To See The Humanized Liver Mice Model Market Detonate Innovation"). “There’s a [huge opportunity for alternative lending in underserved markets](https://www.financedigest.com/quad-flat-no-lead-packaging-market-huge-growth-opportunity-between-2017-2027.html "Quad-Flat-No-Lead Packaging Market Huge Growth Opportunity between 2017-2027") such as Brazil and Mexico,” continues Kieran Donnelly. “These are incredibly exciting [markets for the digital finance](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?") sector.” --- This blog is powered by Superblog. 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