December 26, 2021
Ibancar World is a Spanish provider established in 2014. Ibancar´s product is unique in the country because its loans are secured by the borrower´s car, which can be used by its owner before the loan is repaid, and only serves as a guarantee in case the borrower stops repaying the loan. Ibancar offers short-term loans of up to €6,000 from 12 to 36 months. Since its inception, the company has issued loans worth over €3,500,000, and in February 2021 Ibancar reached the milestone of €250,000 issued loans per month. Ibancar offered its class A securities to angel investors and raised €1.5m in 2020.
Investors can visit Ibancar World’s transparent website where they can always find up-to-date information about the company’s current performance: https://p2p.ibancar.com/