Ibancar
Alternative finance business offering collateralised online loans - car title loans for the digital age.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | €10.0m | Debt | |
| Total Funding | 000k | ||
| EUR | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 130 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | 3 % | 7 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Ibancar is a small, fast-growing, innovative fintech business operating in the online lending sector. The company primarily serves individuals in need of secured loans, leveraging their vehicles as collateral. Operating in Spain and with ambitions to expand internationally, Ibancar aims to capture a significant share of the online lending market. The business model revolves around converting leads into loans, which involves comprehensive customer service, rigorous risk assessment, and meticulous loan book management. Revenue is generated through interest on the loans provided and various associated fees. Ibancar is also exploring diverse funding sources, including equity crowdfunding and peer-to-peer lending, to support its growth ambitions.
Keywords: fintech, online lending, secured loans, risk management, customer service, Spain, international expansion, equity crowdfunding, P2P lending, vehicle collateral.