The top 10 FinTech transactions in Spain during 2019 have collectively raised $139.7m, which accounts for 97.7% of the total capital raised by FinTech companies in the country during the period. Of the top 10 transactions, four were raised by WealthTech companies, three by RegTech companies, and one each from Marketplace Lending, Payments & Remittances and Real Estate companies.
The largest transaction of the period was raised by Pagantis, a point of sale consumer finance platform for e-commerce. The company raised $73.2m in a Series B round in Q1 2019 from investors Rinkelberg Capital, Prime Ventures and Credit Suisse Asset Management. The new funding will be used for credit services for e-commerce in Italy, France and Portugal.
The largest WealthTech transaction came from Fintonic in a $21.4m Series C round led by ING Ventures in Q2 2019. Following the investment, the company which offers a personal finance app reached a valuation of $180m.
The largest RegTech transaction was raised by Signaturit, a provider of electronic signature technology enabling employees or customers to sign documents either through emails or on a website. Financial institutions can utilise Signaturit’s technology for digital contracts or for certified communications including debt claims and portfolio products. The company raised $7.9m in a Series A and will use the funding to further develop its technology and strengthen its market leadership in Spain and expand its presence in the major European markets.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2020 FinTech Global
