About Afterbanks
Afterbanks is a company based in Madrid (Spain) founded in 2012 by Maria Pilar Lozano Lucas was acquired by Minsait in September 2019. Afterbanks has raised $409.58 thousand across 1 funding round from investors including Francois Derbaix, Fernando Cabello-Astolfi and Angels Capital. Afterbanks offers products and services including Financial Aggregation, Payment Initiation, Account Holder Verification, Norm 43/19 Files, and Non-Financial Aggregation. Afterbanks operates in a competitive market with competitors including Banked, Yodlee, Codat, Method and Quovo, among others.
- Total Equity Funding$409.58K (USD)
in 1 rounds
- Latest Funding Round$409.58K (USD), Seed
Dec 2018
- InvestorsAngels Capital
& 3 more
- Acquired byMinsait
(Sep 2019)
Products & Services of Afterbanks
Afterbanks offers a comprehensive portfolio of products and services, including Financial Aggregation, Payment Initiation, Account Holder Verification, Norm 43/19 Files, and Non-Financial Aggregation.
Aggregates data from financial institutions for real-time connectivity.
Enables direct bank account payments to streamline transactions securely.
Verifies bank account holders for risk assessment and loan applications.
Automates download of Spanish financial files for easier reconciliation.
Connects to telcos and utilities for invoice and contract management.
Aggregates client wealth data for portfolio analysis and risk management.
Apps and channels of Afterbanks
its YouTube channel Afterbanks Arcopay has 74 subscribers.
Funding Insights of Afterbanks
Afterbanks has successfully raised a total of $409.58K through 1 strategic funding round. The most recent funding activity was a Seed round of $409.58 thousand completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $409,580
- Total Rounds 1
- Last Round Seed — $409,580
- First Round $409,580
(Dec 2018)
- Investors Count 3
All 1 funding rounds of Afterbanks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $409,580 | Seed | – | Angels Capital |
4 investors in total: 2 institutional and 2 angel.
Investors in Afterbanks
Afterbanks has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Francois Derbaix, Fernando Cabello-Astolfi and Angels Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | angelscapital.es | - | |
FD Francois Derbaix | - | – | unknown_aa8f8ca5a8c54651a | - |
FC Fernando Cabello-Astolfi | Founder of Aplazo, angel investor in fintech and consumer tech startups | – | unknown_47bf5356aca947658 | - |
Minsait is engaged in providing digital transformation and technology solutions. | – | minsait.com | Alcobendas, Spain |
Investor details for Afterbanks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Afterbanks
3 people are tracked at Afterbanks (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Maria Pilar Lozano Lucas | Founder | Leadership |
David Lozano | Director General | Leadership |
Ignacio Cutrin | Business Operations Manager | Team |
Complete people profiles for Afterbanks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Afterbanks
3 dated milestones of Afterbanks across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Afterbanks is founded.
- Funding First funding round of $410K.
- Exit Acquired by Minsait.
Competitors of Afterbanks
Afterbanks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Banked, Yodlee, Codat, Method and Quovo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| banked.com | 2018 | London, United Kingdom | $39.85M | 25 | Open banking APIs for payments and data access are provided. | |
| yodlee.com | 1999 | Redwood, United States | $84.31M | 214 | Cloud-based data aggregation and analytics for financial institutions are offered. | |
| codat.io | 2017 | London, United Kingdom | $172.46M | 210 | Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses | |
| methodfi.com | 2019 | Austin, United States | $60M | – | API-enabled debt repayment tools are provided for financial services. | |
| quovo.com | 2010 | New York, United States | $16.15M | 55 | Financial data aggregation and authentication APIs are provided. | |
| thisisbud.com | 2015 | London, United Kingdom | $102.54M | 86 | Bud Financial is focused on transforming transaction data into actionable insights for financial institutions. | |
| orum.io | 2019 | United States | $82.2M | 73 | open banking API solutions | |
| fabrick.com | 2018 | Milan, Italy | $42.87M | – | Open banking platform is developed for fintech firms and banks. | |
| tarabut.com | 2017 | Manama, Bahrain | $57M | – | Open banking infrastructure and embedded finance solutions are provided. |
Detailed competitors of Afterbanks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Afterbanks
Websites that share an audience with Afterbanks (afterbanks.com).
Websites whose visitors overlap most with Afterbanks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
arcopay.io | arcopay.io | 100% | – | #7,020,493 | – |
Latest news on Afterbanks
Complete news archive for Afterbanks
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Afterbanks
10 companies that operate in the same segment as Afterbanks (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Afterbanks
Afterbanks was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Afterbanks is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Afterbanks is a funded company, having raised a total of $409.58K across 1 funding round to date. The company's 1st funding round was a Seed of $409.58K, raised on Dec 2018.
Founded in 2012 in Madrid, Spain, Afterbanks operates in the financial technology sector. APIs are provided for identity verification to microfinance institutions using bank data. Read-only access to financial information from Spanish and foreign banks is enabled through a REST API. Payment processing is supported via an API compliant with the European PSD2 regulation. Account aggregation services are also available for individuals.
Afterbanks offers Financial Aggregation, Payment Initiation, Account Holder Verification, Norm 43/19 Files, and 2 more products and services.
Afterbanks has 4 investors. Key investors include Francois Derbaix, Fernando Cabello-Astolfi, Angels Capital, and Minsait.
Afterbanks operates through Morpheus Aiolos S.L.
Yes. Afterbanks was acquired by Minsait in September 2019.