Ibancar

https://ibancar.com/

Ibancar is a Spanish fintech company disrupting asset-based lending and expanding into Latin America. Ibancar offers online personal loans using cars as collateral through a 100% remote and frictionless digital process. The platform leverages innovative technology to provide loans within hours without requiring contact with the borrower or the car.

Ibancar's mission is to make secured lending accessible and inclusive, offering larger and longer-term loans to a broad range of customers. Borrowers are on-boarded with a seamless process, and the use of collateral enhances their creditworthiness, allowing them to access more substantial loan amounts.

Established as a pioneer in digital secured lending, Ibancar operates a sustainable and scalable platform designed for online distribution. By providing inclusive loans, Ibancar is transforming the online lending market.

Latest news

€ 40 M

Loans Originated

€ 18 M

Loan Portfolio

11%

Junior Share

Security Structure

The company placing loans on Income Marketplace is Ibancar World S.L.U.

The investment into loan claims is made through an assignment agreement between the investor, Ibancar World S.L.U., and Income’s SPV. The junior share securing the investment is 11%.

Settlements with Ibancar World S.L.U are done via net settlements.