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Fintonic

“Can Spain's PSD2 aggregator monetise its FinScore both as a consumer loan marketplace and as B2B open-banking infrastructure for banks?”

Founded2011
HQMadrid, Spain
Total raised~$47M+ (disclosed)
Latest roundSeries C, 2019 (€19M)
Valuation€160M (2019)
IndustryFintech / Lending
Websitefintonic.com ↗
The story

Fintonic began in 2011 as a consumer PFM app aggregating bank accounts and generating a proprietary FinScore. It monetised as a broker for third-party loans and insurance. In 2019 it became the first Spanish fintech to hold combined AIS + PIS PSD2 licences from Banco de España, effectively repositioning as regulated open banking infrastructure. From 2021 it pushed the loan marketplace into point-of-sale distribution, and in 2023 it spun out OpenInsights — a B2B SaaS selling account aggregation, transaction enrichment and credit scoring to banks and enterprises — turning its consumer data moat into an infrastructure business alongside the lending marketplace.

Last 12 months
2025-01
In the January 2025 recap →
2024-10
In the October 2024 recap →
Product timeline
2011
Fintonic founded in Madrid as a personal finance management app· pivot
2017
Series B (€25M) led by ING Group; expansion to Chile and Mexico· banking
2019
Series C (€19M) at €160M valuation; first Spanish fintech licensed by Banco de España for simultaneous AIS + PIS under PSD2 (registration 6892, later 6935)· banking
2021
Launches point-of-sale loan marketplace comparing 15+ financial institutions· lending
2023
Launches OpenInsights — open banking / data enrichment / credit scoring SaaS for banks and enterprises· pivot
2024
Sam Ockman joins as CTO· pivot
Regulated entities
1
regulatory licence held by Fintonic
Licence types, jurisdictions and registered entities are not published on this page. Get the monthly recap for new licences and charter moves as they happen.
The stack
4 layers disclosed in Fintonic’s embedded-finance stack
Payments / PSP
Checkout.com
Lending
Built in-house
Open banking
Built in-house
Transaction enrichment
Built in-house
Payments / PSP
Hover or tap a floor for details.
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Accounting gap: none

Fintonic — frequently asked

Who is Fintonic's payment processor?

Fintonic processes payments through Checkout.com.

Who provides Fintonic's lending?

Fintonic's lending and capital products are provided by Fintonic Préstamos (in-house marketplace).

Which open banking provider does Fintonic use?

Fintonic connects to bank accounts through Fintonic OpenInsights (in-house AISP/PISP).

What is Fintonic's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in Fintonic's stack: Payments / PSP (Checkout.com); Lending (Fintonic Préstamos (in-house marketplace), Fintonic Préstamos (loan marketplace comparing 40+ entities), FinScore (proprietary credit score), CreditBuilder (credit-profile coaching) and 1 other); Open banking (Fintonic OpenInsights (in-house AISP/PISP)); Transaction enrichment (Fintonic OpenInsights (in-house)).

Where is Fintonic headquartered?

Fintonic is founded in 2011 and headquartered in Madrid, Spain.

How much funding has Fintonic raised?

Fintonic has raised ~$47M+ (disclosed) in total (latest round: Series C, 2019 (€19M); valuation: €160M (2019)).

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