This article showcases our top picks for the best Spain based Personal Finance companies. These startups and companies are taking a variety of approaches to innovating the Personal Finance industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Spain Personal Finance Companies
Fintonic is a mobile-centric consumer banking platform that provides its users with insurance and investment products, and targeted loans. It offers an advanced access point for its users to enter all of their accounts as well as financial information to guide them through the analysis of millions of financial data points with relevant financial products.
Fintonic´s algorithm analyses the suitability of a user for a loan and presents the user with pre-approved loans that can be contracted with a click of a button. The application is currently available in Spain and Chile with over 250,000 users.
It was launched in 2012 and is based in Madrid, Spain.. .
We offer Financial Advice to young working people without time or knowledge to make adequate investment decisions, we aim to be as accessible as possible, with a minimum investment of only 1000€. Our advisory process it carried out through our website.
This is done through an algorithm-driven process which selects the most optimal investment product tailored to each individual situation. We strongly believe financial advisory services should be available to everyone, in order to ensure optimal and safe investment and saving goals.
Through our platform we are able to build bespoke savings and investment plans for our clients, by establishing direct relationship with their personal bank and incorporating their offering platform in our services. Our service is offered in all major Spanish commercial Banks, remaining independent..
Pensumo is an innovative platform, created by José Luis Orósin 2013, which seeks to implement in Europe a savings model by measuring personal consumption and measuring responsible actions. The final objective is to complement the state pension systems based on the consumption of goods and the performance of responsible actions throughout their life.
Pensumo provides a solution to the loss of purchasing power of the citizen due to demographic changes and economic instability that affect pensions. Its innovative system grants a great capacity to carry out commercial and affiliation actions for the associated companies, and with possibilities to reach a broad spectrum of the population.
At the same time, the platform allows promoting actions in the field of CSR, as well as motivating good social practices by rewarding the user. The startup has gone through the Mundilab Madrid and Innolab Bilbao acceleration programs and has closed two rounds of investments where it has raised € 220,000.
Among its investors is Leading Solutions SL, which has 15% of the company. Additionally, Pensumo has won € 714,000 from a Phase II of the European Commission’s H2020 program.
At the moment Pensumo operates only in Spain, where it has been recognized with various awards: Pasión IE Business School “Commercial Distribution of the Future”; Best Fintech company in METXA 2016; Project SEAL OF EXCELLENCE – European Commission – H2020 Phase I and Phase II. Currently, more than 2,500 users benefit from its innovative system..
Arbor is a 360 degree financial wellness platform helping users to save, invest and cut debt through an easy to use and free to download app. Our purpose is clear, to improve our users financial wellness.
Arbor integrates with the user’s existing banks which means they don’t even have to change banks! Users create personal saving goals to enhance the saving, investment or debt freedom experience, tracking their progress effortlessly through the app. .
iAhorro is a comparison site for banking products and related personal financial services. These banking products include mortgages, consumer loans, credit cards, and debt consolidation which are analyzed by independent experts in personal finance.
iAhorro is fully owned by Grupo BC and backed by the Private Equity company L-GAM. It was founded in 2009 and is based in Madrid..
Millennials are growing up and they have difficulties to save for medium and long-term goals, they don’t have ways to manage finances and they think investment products are only for professional investors and hard to access. In fact, they don’t have a fully digital planner/advisor for their major life investments.
Talvi is the only automated financial advisor offering financial planning, investment management, financial education and banking-related services all on a mobile app. We partner with corporates to distribute Talvi through their customer base.
Talvi = Goal Planning + Learning + Savings + Automated Investments + Transactional Marketplace (home sellers, mortgages, car sellers, lending, insurances, etc). .
Wallo is an online personal finance service that helps people easily track and manage their money. The platform allows its users to sign in anonymously and understand their finances as well as receive money-saving recommendations.
It enables its users to access all their financial accounts in one place with their transactions automatically classified so that they are able to instantly understand where their money goes. It allows them to plan their future cash flows and bill payments so that they never get caught with overdraft charges.
Wallo automatically calculates a recommended budget, enabling its users to achieve their savings goals. It was launched in 2011 and is based in Spain..
Mooverang is the OCU application that helps manage personal economy. It is unique in the market and helps consumers make their own financial decisions independently and rigorously, because it allows you to easily organize bank accounts and cards effortlessly and without spending hours with Excel calculations and sheets.
Its mission is to make people enjoy their money more and invest it in things that make them happy. It is a way of simplifying decision making, advising them independently and defending their right to have their financial data to make the right decisions.
Mooverang has no investment from investment capital funds or any accelerator. Its financing comes directly from OCU, a consumer organization that, with this project, bets on the future to empower the consumer in an immediate and direct way.
This project is part of a European initiative of consumer associations and Spain, by its characteristics, is the first country in which the service has landed, but the idea is that in the future it will have a presence in other countries. With more than 150,000 users, mooverang differs fundamentally from the competition because it is the only personal economy manager in the world endorsed by an independent consumer association.
And therefore, it cannot contain advertising or transfer user data to third parties. But the great value of mooverang over other similar apps is its ability to cross the consumption data of its users with OCU comparators and be able to automatically send personalized recommendations every time they detect a possible source of savings.
This can save them up to € 2,000 a year.. .
Ahorro.net is a mobile platform that enables its users to control their expenses by connecting all their bank accounts and updating them on every transaction. The platform creates surveillance on its users’ bank accounts and informs them about duplicate or fraudulent transactions, collection of payroll and receipts, and more.
Ahorro.net was launched in 2012.. .
Núbica Consultoria de Innovación
Núbica is a consultancy specialized in the use of incentives for I+D+i. The objective of the startup is to facilitate entrepreneurs and companies access to different public financing instruments.
It is a service oriented to give personalized treatment, because each case is unique, seeking to generate long-term collaboration agreements accompanying the growth of companies. Among the services offered, there are tax deductions for I+D+i, public programs of subsidies or national soft loans, Social Security Bonds or European financing, among others.
In addition, the generation of synergies that allow expanding the service to other priority issues for entrepreneurs and companies, such as user recruitment, media dissemination, search for partners in collaborative projects, etc. is sought.
With professionals who have more than 10 years in the sector, the added value of Núbica lies in quality technical and economic advice to maximize success options in public financing programs. All this, with the security in the application of these incentives as a priority, and discharging companies from all the work involved, so that they can focus on the core of their business..
Comparativa de Bancos
Comparativadebancos.com is a website offering comparisons of financial products and providing personal finance advices. One of the leading comparators of the spanish market with thousand of financial products with deep analysis of their contractual conditions.
Comparativadebancos.com writes in a very simple way, allowing users without finance knowledge to understand the products and to take smarter decissions.. .
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