ING Ventures leads €19m series-C for banking app Fintonic

The round also saw participation from 10 other investors, including previous backer Previsión Sanitaria Nacional (PSN), a Spanish insurance group for the healthcare sector.

Following this investment, ING Ventures will increase its stake in Fintonic from 15% to 22%. The VC house manages a €300m fund that invests in fintech companies around the world. 

Previous funding
Fintonic raised €1.2m in seed funding from Inception Capital and Ideon Financial Solutions in November 2012.

Subsequently, Onza Capital led a series-A funding round of an undisclosed amount with participation from Inception Capital and Ideon Financial Solutions in January 2014.

Fintonic raised €25m in a series-B funding round led by ING Ventures and PSN in June 2017.

Company
Established in 2011 and headquartered in Madrid, Fintonic is personal finance platform for managing and organising bank accounts and credit cards. The company also compares and offers bank loans, insurance policies and investment products. Fintonic has 700,000 active users, operates in Spain, Chile and Mexico, and employs 100 staff.

People
Fintonic - Lupina Iturriaga (founder, co-CEO).

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• Topics
• Expansion
• Southern Europe
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