Key Data

• Trading Name: Fintonic
• Legal Entity: Fintonic Servicios Financieros, SL
• Activities: mobile banking provider
• Location: Spain, Chile, Mexice
• Regulations: authorized by the Bank of Spain
• Key People: Lupina Iturriaga (Linkedin) and Sergio Chalbaud (Linkedin)
• News: Fintonic
• Latest Update: 24 July 2024

Fintonic is the trading style of Fintonic´s legal entity is Fintonic Servicios Financieros, SL, a mobile banking provider in Spain. The company was founded in 2012 by Lupina Iturriaga (Linkedin) and Sergio Chalbaud (Linkedin).

Offering

Fintonic provides a unique access point for customers to all their financial information, organizes outgoings into categories, and alerts regarding insurance renewals, overdrafts, fees, etc providing them with relevant tailored financial products such as loans (using proprietary credit scoring and machine learning algorithms) that users can contract straight through the app.

Their service includes:

• Loans
• Cards
• Insurance
• Financial Coach
• Open Banking

News

According to Cinco Días, Fintonic recorded losses of more than 10 million euros in the last fiscal year. Nevertheless, it has managed to reduce by 51% the poor result of 2021, which was less than 21.36 million euros.

In December 2022, it was announced that the Dutch bank ING wanted to sell its shares in Fintonic, holding a total of 22% of the company, with a planned takeover sum of around 100 million euros.

Customer Reviews

Trustpilot: 2,8 Stars with 100+ Reviews

Google: 4,1 Stars with 1300+ Reviews

Regulation

Fintonic Servicios Financieros, SL, operating under the authorization of the Banco de España (registration number 6892), provides account information and payment initiation services. As of 2024, Fintonic continues to offer users a robust platform for managing their finances, ensuring regulatory compliance and secure financial operations in line with the standards set by the Spanish central bank.

Conclusion and Rating

Fintonic Servicios Financieros, SL, authorized by the Banco de España (registration number 6892), provides secure account information and payment initiation services. Given their regulatory compliance and user-friendly platform, we rate Fintonic Green for both compliance and merchant satisfaction. Their adherence to financial standards and positive user feedback ensure they meet high standards for security and service quality.