Issuer: ID Finance Investments, S.L.
/ Key word(s): Study results/Miscellaneous
2nd of March of 2023 - ID Finance has been ranked by FT 1000 as one of Europe’s fastest growing companies for the 6th year in a row. The company achieved a total growth of 243% over the last 3 years, recording a solid 50% compound annual growth rate (CAGR), despite the challenging external environment of the past years.
Having left the pandemics behind, since February of last year companies have had to deal with geopolitical tensions. In this regard, in its online report FT highlights a shift in the economic scenario marked by persistent inflation, leading to the end of cheap borrowing. As a result, the media outlet points to a 16% year-on-year decrease in venture capital investment, according to data provided by PitchBook.
The ranking FT 1000 is a compound of European companies that have recorded the highest annual growth between 2018 and 2021. Elaborated by Financial Times alongside market and consumer data platform Statista, the requirements for companies to be included was to achieve a CAGR of at least 36.2%.
About ID Finance
For further information, please contact:
Katia Ballano Göring
PR & Comms manager ID Finance Plazo
+34 649 799 327
Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.