7 fintech startups you need to know

Fintech startups have revolutionized the sector, bringing traditional banking to our pockets. Making transfers, requesting loans, sending money or even investing is at our fingertips and, above all, at our cell phone. That’s why today we tell you about the 7 fintech startups you need to know.

Did you know that in Spain there are more than 100 fintech startups competing with traditional banking? Despite this, 75% of fintech startups in Spain actively collaborate with traditional banking. Moreover, it is a sector that is constantly growing thanks to the “agility that Fintechs have to adopt new technologies and test new business models, customer proximity, flexibility and efficiency”, according to Finnovating.

Startups fintech

  • Fintonic

It started as a savings application, but such has been its evolution that today you can ask for loans, financing or financial advice. In addition, they received the Google Award for mobile innovation and currently have more than 700,000 users.

  • Toqio

Toqio is a Fintech Software-as-a-Service startup that makes it easy for companies across industries to access and implement new financial products quickly and cost-effectively. It was founded in 2019 and in just 2 years has already managed to close an €8 million funding round with the support of leading European investors Seaya Ventures (lead investor of Cabify, Glovo and Wallbox), Speedinvest and SIX FinTech Ventures.

It is headquartered in London and Madrid, specifically in LOOM Huertas.

  • Hola Inversión

It is a financial services comparison and disclosure project that seeks to help you make better decisions with your money. Through comprehensive analysis it compares all types of financial services, such as roboadvisors.

  • Bnext

Bnext is a neobank, i.e., it is authorized by the Bank of Spain to operate as an Electronic Money Institution. They were pioneers in Spain as an alternative to traditional banking, making it easier for people to control their money. They have more than 350,000 customers in Spain and have already started to expand to other countries such as Mexico.

  • Klarna

It is a platform that allows users to decide how and when to pay. In addition, they offer direct payments, post-delivery payment options and installment payment plans. In September 2020 they raised a €650M financing round.

  • Revoult

Is a financial services company that specializes in mobile banking, card payments, money transfer and currency exchange. It includes a prepaid debit card, currency exchange and peer-to-peer payments. In February 2020 they raised €500M.

  • StudenFinance

It is a Spanish startup, founded in early 2020, which finances technological studies, thanks to a revenue-sharing agreement (ISA) system. This year they have raised a financing round of 4.5 million euros, which aims to expand its activity to the UK and other European markets.

At LOOM we support Spanish entrepreneurship and that is why we have launched LOOM for Startups, a new package of subsidized services for startups and scaleups with which we offer discounts and free services in workspaces, meeting rooms and event spaces.

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