• FOUNDING YEAR: 2012
    LOCATION:
    Spain
    REGION:
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Fitonic offers a range of products: FinScore: Enables users to determine their credit score, which is calculated by an index from 0 to 900 points that is calculated on the basis of no more than 160 variables. Loans: Enables users to apply for loans to more than 50 companies. Insurance: Enables users to manage their existing insurance policies and find new ones on the basis of their requirements. Control & Alerts: Enables users to manage and track their financials by aggregating all their accounts and cards into one place.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail & institutional customers
EXISTING PARTNERSHIPS:
The company has partnereships with DKV, Allianz, AXA, Sanitas, Lagun Aro, Zurich, pelayo, Generali,Reale Seguros, Catalana, Occidente, PlusUltra, MAPFRE, FIATC, etc.

PEOPLE

FOUNDERS:
Sergio Chalbaud, Lupina Iturriaga, Aitor Chinchetru
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
ING, Onza Capital, Inception Capital, Ideon Financial Solutions, CAV Investment Group
KEY EMPLOYEES:
Sergio Chalbaud (CEO); Lupina Iturriaga (CEO)

TRACTION

VALUATION / MARKET CAP:
$10.35 MM in 2014

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$28 Millions
DATE OF LAST FUNDING:
Jun 2017
TOTAL FUNDING COMMENT:
The company is planning to use its fund to grow its presence in Spain and Latin America as well as to further build out the product. (June 2017)
SEED CLOSED ON:
Nov 2012
SEED PRIOR FUNDING COMMENT:
An undisclosed amount of funds were raised in November 2012.
FUNDING SERIES:
SERIES B
$28 Millions Closed: Jun 2017
LISTED:
NO

LATEST RESEARCH