FinTonic

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2012
LOCATION: Spain
Last Update: 10/07/2020

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About

Fintonic is a personal finance platform that helps users track their spending and provide insights by analyzing their spending habits and budget. It help users to save money and meet their personal goals by giving personalized day to day advice on spending habits and products. It provides a single access point for customers to view all their financial information, such as loans, overdrafts, and fees. It leverages financial information and utilizes proprietary credit scoring, and machine learning algorithms to provide customers with targeted loans and insurance products.

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

Fintonic offers services free of charge to its customers. It generates income by charging commission from its partners.

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.

Traction

VALUATION / MARKET CAP:

$10.35 M in 2014

People

FOUNDERS

Sergio Chalbaud

Lupina Iturriaga

Marcos Icardo

NUMBER OF EMPLOYEES

51-200

INVESTORS:

All Iron Ventures

CAV Investment Group

Ideon Financial Solutions

Inception Capital

ING

ING Group

ING Ventures

Onza Capital

KEY EMPLOYEES:

Sergio Chalbaud (CEO); Lupina Iturriaga (CEO)

Aitor Chinchetru

Momentum

FUNDED

YES

TOTAL FUNDING

$50.93 M

DATE OF LAST FUNDING

Apr 2019

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 & PRIOR FUNDING

$1.55 M

SEED CLOSED ON

Nov 2012

SEED PRIOR FUNDING COMMENT

An undisclosed amount of funds were raised in November 2012.

FUNDING SERIES

SERIES A  · ---  · Jan 2014

SERIES B  · $27.98 M  · Jun 2017

SERIES C  · $21.4 M  · Apr 2019

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2012

LOCATION:

Spain

Views:

101 VISITORS | 209 VIEWS
LATEST FUNDING ROUND

$50.9 M

TOTAL EMPLOYEES
51-200

About

Fintonic is a personal finance platform that helps users track their spending and provide insights by analyzing their spending habits and budget. It help users to save money and meet their personal goals by giving personalized day to day advice on spending habits and products. It provides a single access point for customers to view all their financial information, such as loans, overdrafts, and fees. It leverages financial information and utilizes proprietary credit scoring, and machine learning algorithms to provide customers with targeted loans and insurance products.

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Focus+
Momentum+
Traction+
People+
Other+

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