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.