fintonic

The company's primary service is a mobile application that provides tools for personal financial management. It automatically categorizes user expenses, tracks accounts, and offers monthly forecasts to help users manage their money. A key feature is the "FinScore," a proprietary credit scoring system that assesses a user's financial health to facilitate access to better financing conditions. Fintonic's business model is centered on its marketplace, where it earns commissions by connecting users with financial products from over 50 partner entities. The company provides access to personal loans, insurance, investment products like indexed funds, and interest-bearing accounts. The service is free for users, as revenue is generated from the financial institutions and service providers on its platform.

Headquartered in Madrid, Spain, Fintonic has expanded its operations to include Mexico and Chile. Over its history, the company has raised a total of $54.8 million over several funding rounds, with its latest Series D round in June 2023. Major investors include ING Ventures, PSN Group, Atresmedia, and Onza Capital. The company is licensed by the Bank of Spain to provide account information and payment initiation services, complying with the European PSD2 directive.