We have exciting news to start the year. We are delighted to announce that we have closed our latest round of funding, with a value of seven million euros. This investment will be used to further our expansion into the Latin American market and to continue developing innovative Open Banking technologies.
This investment round has been led by Grupo Elektra, a leading international company in specialized trade and financial services in Latin America, and one of the largest non-bank loan providers in the United States.
The operation, advised by 4Law, has also had the participation of Athos Capital and Segtech Venture Capital. Other investors who bet on Unnax in previous phases, such as Swanlaab Venture Factory, Bankinter and the telecommunications group CSQ, also joined the round.
For Julián Díaz-Santos, co-founder and coCeo of Unnax, this new round of financing “will allow us to enter the Latin American market and especially in Mexico, where the demand for technology in the financial sector presents an important business opportunity for Unnax.”
This injection of capital is the culmination of a job well done that has helped us to become the first Spanish Fintech company to obtain the triple license granted by the Bank of Spain to operate as an Electronic Money Institution, Account Information Services Provider (AISP) and Payment Initiation Services Provider (PISP).
This has allowed us to become a multi-product Banking as a Service (BaaS) platform, offering payment solutions and money movements, collection and analysis of financial data, as well as technologies for the management of the validation processes of clients, identity verification tools, fraud prevention, and more.
Although 2020 was a challenging year in many aspects, one of the milestones that makes us feel most proud is that our team increased by 30%, currently having more than 50 people, and that we surpassed the figure of one million monthly transactions.
“Thanks to this new round and the investors who accompany us, the speed of growth both in Europe and in LATAM will be relevant”, says Jordi Pérez, co-founder and coCeo of Unnax. “This will allow us to position ourselves as one of the main players in the fintech sector in Europe and Latin America.”
We want to take advantage of this special day to send a message to everyone who has helped us get here: Thank you!