Ibancar logo — Alternative finance business offering collateralised online...

Ibancar

Alternative finance business offering collateralised online loans - car title loans for the digital age.

Founded 2011 Spain Spain 36 employees Debt Financing Total: $11.65M B2C, Finance +4

General Information

Company Name Ibancar
Founded Year 2011
Location Spain Spain +1
Employees 36
Industries B2C, Finance, Financial Services +3
Funding Stage Debt Financing
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About Ibancar

Ibancar is a fintech startup disrupting asset-based lending in Spain and expanding to Latin America. Its innovative business model allows for 100% remote and frictionless asset-based lending using the borrower's car as collateral, setting it apart from other players in the market. With no physical contact required, Ibancar can provide loans within hours, catering to the digital age's fast-paced demands. The use of collateral makes every applicant more creditworthy, enabling Ibancar to lend larger amounts for longer periods, even to first-time borrowers, without incurring the high losses experienced by other online lenders. This approach gives Ibancar a competitive advantage and allows for sector-leading client lifetime value. Notably, the company's sustainable platform offers ethical and inclusive loans, making traditional payday lending a thing of the past. In December 2021, Ibancar secured a noteworthy €10.00M debt financing investment from Knuru Capital and Global Venture Capital, further solidifying its position to continue disrupting the financial services landscape. Established in 2011, Ibancar's intelligent and innovative approach to online lending positions it as a game-changer in the industry, with immense scalability and potential for growth.

Taxonomy: online lending, asset based lending, secured loans, collateralised loans, alternative finance, financial inclusion, credit spectrum, remote lending, ethics in lending, car title loans, creditworthy borrowers, unbanked clients, sustainable business model, financial disruption

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 2
Investor Investor
22 Dec 2021
Venture Round •••••• 1
Investor
25 Nov 2020
Series A •••••• - 01 Oct 2018

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FAQ About Ibancar

Alternative finance business offering collateralised online loans - car title loans for the digital age.
Ibancar was founded in 2011.
Ibancar is headquartered in Spain.
Ibancar operates in the following industries: B2C, Finance, Financial Services, Fintech, Lending and Investments, Banking.
Ibancar has approximately 36 employees.
Ibancar has completed 3 funding rounds, raising a total of $11.65M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Ibancar include IMPYE digital Private Limited, Sword Apak, ReProp Financial, JellyFi, Symple Loans. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ibancar and IMPYE digital Private Limited are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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