MyInvestor Surpasses €10B Milestone, Cements Status as Spain’s Leading Fintech

Fintech company MyInvestor, a company that combines its services as a neobank with various investment products, has announced that it has recently reached a turnover of €10 billion.

This figure also makes it the most relevant Spanish fintech company in the current market, as this neobank emerged with the support of the Andbank Group, El Corte Inglés Seguros, AXA Spain, and several family offices, and continues to grow.

MyInvestor strengthens its position in the market

As Myinvestor officially reveals, its commercial success is more than evident, whether due to its recently reached turnover of 10 billion euros , the more than 550,000 clients it already has, or having doubled its clientele and turnover in the last 13 months compared to the data from March 2024.

However, the benefits aren’t just for this company, but also for the many clients who invest with them or use their savings products. Since its inception, clients have seen a total of €475 million in capital gains , and up to €125 million from the interest-bearing accounts and deposits paid through MyInvestor alone, for a total of €600 million in overall returns.

An optimistic future for the Spanish neobank sector

Today there are several “neo-banking” entities with the Spanish seal, whether they are brands such as B100, created from ABANCA, MyInvestor itself, services focused on management and savings such as Bnext , and even foreign banks that have officially and legally established themselves in Spain, such as Revolut or N26.

Regarding the company’s future prospects, Carlos Aso, Vice President of MyInvestor, highlights the following: “We continue to advance in our goal of democratizing investment in Spain, offering access to products previously reserved for high-net-worth individuals. In this way, we are helping to create a more prosperous society,” making it clear that there are still goals to achieve and that the company will continue to strive to offer a quality service that attracts more clients in the country.

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(Featured image by Adeolu Eletu via Unsplash)

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First published in andro4all. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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