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§ Private Profile · Madrid, Madrid, Spain
Personal financial management app. Aggregates accounts & tracks finances, recommending tailored loans & insurance in Spain & Latin America.
Based in Madrid, Spain, Fintonic is a personal financial management platform that aggregates users' bank accounts and credit cards into a centralized dashboard to track expenses and build credit profiles. The application utilizes machine learning to analyze consumer financial data and recommend tailored loan and insurance products from over forty providers. The company generates revenue through a brokerage model and point-of-sale financing partnerships, notably collaborating with Amazon to offer interest-free financing for e-commerce purchases. Fintonic has amassed over 700,000 active users across Spain and Chile while raising approximately $30 million in total funding from investors including ING Group, PSN Group, and Onza Capital. A €19 million funding round in April 2019 brought the financial technology company's valuation to €160 million. The enterprise was founded in 2012 by co-founders Lupina Iturriaga, Marcos Icardo, Aitor Chinchetru, and Sergio Chalbaud.
fintonic has raised $145.6M across 4 funding rounds.
fintonic has raised $145.6M in total across 4 funding rounds.
fintonic has raised $145.6M across 4 funding rounds. Most recently, it raised $5.5M Other Equity in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 20, 2023 | $5.5M Venture Round | Squareone Capital | ING | Announced |
| Oct 20, 2020 | $11.8M Venture Round | — | Carina Szpilka, Javier Marin, Pedro Luis Uriarte, ING Ventures, PSN | Announced |
| Apr 12, 2019 | $100.4M Debt Financing | ING Ventures | Grupo PSN | Announced |
| Jun 26, 2017 | $28M Series B | — | Carina Szpilka, Pedro Luis Uriarte, ING, PSN | Announced |
fintonic has raised $145.6M in total across 4 funding rounds.
fintonic's investors include SquareOne Capital, ING, Carina Szpilka, Javier Marin, Pedro Luis Uriarte, ING Ventures, PSN, Grupo PSN.