Finect

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2007
LOCATION: Spain
Last Update: 09/07/2020

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About

Finect help people to have a better control of their finances and make better decisions, in a simple way. It helps to know that finances sound dull and complex, but at the same time it is essential to manage savings and investments well to achieve goals and desires. It provides a unique and essential to make better decisions to financial challenges ahead for society. The tools offers a unique and indispensable help to make better decisions in front of the financial challenges that are approaching for the society

MEDICI Analysis

Finect provides an online platform for investors. The platform leverages the collective intelligence of the social network and employs technological tools to help investors in decision making. It allows members to access and share investment insights, consult on investments, and track markets among others.

Focus

PRODUCTS & SERVICES

Online finance and investment management platform for investors, and financial institutions. It helps users to have better control of their finances and make better decisions.

MAIN CLIENTS

2 millions users

EXISTING PARTNERSHIPS

The company has different partners: Banking partners: BestInver

ING Direct

renta4

AND Bank

Santander

Bankinter Community partners: M&G Investments

Nordea Asset Management

GVC Gaesco

W4i

Vontobel Asset Management. Media partners.

PRIMARY PROBLEM SOLVED

Too much money is left in deposits without being invested. Bank customers are left alone without assistance for their investment decisions.

COMMENT

The right channel for customer investments is mobile and digital. To assist customers, you have to reach them with a tiny approach – socialize with them and understand what they are interested in. Customer acquisition is cost-free due to collaborations with media. We help financial management companies to understand the target market. (June 2017)

People

FOUNDERS

Josh Grotstein

Nicolas Oriol

BOARD MEMBERS AND ADVISORS

Gadea de la Viuda

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Antonio Botas (CEO); Juan Manuel Gomez Mayoral (CTO); Rafa Casado (COO); Sergio Pescador (CCO)

Momentum

FUNDED

NO

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2007

LOCATION:

Spain

Views:

85 VISITORS | 194 VIEWS
TOTAL EMPLOYEES
11-50

About

Finect help people to have a better control of their finances and make better decisions, in a simple way. It helps to know that finances sound dull and complex, but at the same time it is essential to manage savings and investments well to achieve goals and desires. It provides a unique and essential to make better decisions to financial challenges ahead for society. The tools offers a unique and indispensable help to make better decisions in front of the financial challenges that are approaching for the society

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Finect provides an online platform for investors. The platform leverages the collective intelligence of the social network and employs technological tools to help investors in decision making. It allows members to access and share investment insights, consult on investments, and track markets among others.

Focus+
Momentum+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

Finect

About

Finect help people to have a better control of their finances and make better decisions, in a simple way. It helps to know that finances sound dull and complex, but at the same time it is essential to manage savings and investments well to achieve goals and desires. It provides a unique and essential to make better decisions to financial challenges ahead for society. The tools offers a unique and indispensable help to make better decisions in front of the financial challenges that are approaching for the society

Focus

PRODUCTS & SERVICES

Smart Data to help savers with their financial decisions and financial companies to reach their target audience with hyper-segmentation

TOP PROBLEM SOLVED

More than 5 million bank customers are being left alone in their savings and investment decisions. They are aware that they must improve their finances, but they do not know how nor to whom turn to because the financial crisis has left the relation with its entity not in a very good position. In addition, because of the disruptive regulation that comes, many of them will no longer be profitable for banks. These will be forced to hyper-segment their marketing strategy, to optimize budgets and reach the ideal customer. Our strategy to take advantage of this historic opportunity is based on three solutions of high added value for users and clients, through which specialized information is generated that Finect processes, analyzes and converts into Smart Data. Thus, we can be the essential piece for savers to invest better and for entities the tool they need to offer products tailored to the needs of each user.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

People

FOUNDERS

Josh Grotstein

Nicolas Oriol

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Antonio Botas

CTO: Juan Manuel Gómez

CMO: Vicente Varó

COO: Rafa Casado

CRO: Sergio Pescador

employee: Antonio Botas (CEO); Juan Manuel Gomez Mayoral (CTO); Rafa Casado (COO); Sergio Pescador (CCO)

FOUNDER: Josh Grotstein

FOUNDER: Nicolas Oriol

BOARD MEMBERS AND ADVISORS:

Gadea de la Viuda

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO