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 medium term loans of up to €6,000 from 12 to 36 months. Since its inception, the company has issued loans worth over €20,000,000. Ibancar is profitable from 2021, thanks to its excellent credit risk performance. Ibancar offered its class A securities to angel investors and raised €1.65m 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 here.
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