Ibancar is a fintech company disrupting asset based lending in Spain and launching in Latin America. It is the only company in the world operating a 100% remote and truly frictionless asset based lending model using the borrower's car as collateral. Requiring no contact with the borrower or the car, Ibancar makes loans available within hours. Its creative and disciplined business model is purpose built for online distribution and massively scalable. Ibancars intelligent and innovative approach is a game changer for online lending. The use of collateral makes every applicant more creditworthy allowing Ibancar to lend larger amounts for longer periods to first time borrowers without the high losses incurred by other online lenders. This approach to lending gives Ibancar a huge competitive advantage generating a sector leading client lifetime value. Ibancar operates a sustainable platform offering ethical and well understood loans that are genuinely inclusive and have appeal across the entire credit spectrum as well as enabling the credit invisible and, with this sensible approach to risk, Ibancar is making payday lending a thing of the past.