Fintonic picks up €25m in latest funding round

Fintonic has raised €25m in a funding round which saw commitments from ING Group and PSN, among others.

The company is a mobile banking platform that helps to compile all a customer’s banking transactions, from every bank they use, into one place.

This platform also has an advice and alert system, as well as allowing customers to check their credit profiles.

Clients can also take out loans and insurances from around 40 companies, and are tailored to their profile’s best conditions.

Fintonic hopes to use this capital to boost growth in Spain and Latin America, as well as continuing development of its technology.

Following this investment, the company’s shareholders include Ideon Financial Solutions, Inception Capital and Onza Capital, Atresmedia, ING, PSN

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