About Finanbest
Finanbest is a company based in Madrid (Spain) founded in 2016 was acquired by MyInvestor in September 2022.. Finanbest has raised $465.43 thousand across 1 funding round from investors including MyInvestor. Finanbest offers products and services including Automated Portfolios and Pension Plans. Finanbest operates in a competitive market with competitors including MyInvestor, Indexa Capital, inbestMe, Finizens and Qara, among others.
- Headquarter Madrid, Spain
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Finanbest Inversiones Inteligentes A.V. S.A.U.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$465.43 K (USD)
in 1 rounds
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Latest Funding Round
$465.43 K (USD), Seed
Jun 29, 2018
- Investors
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Employee Count
Employee Count
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Acquired by
MyInvestor
(Sep 01, 2022)
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Products & Services of Finanbest
Finanbest offers a comprehensive portfolio of products and services, including Automated Portfolios and Pension Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages diversified investment portfolios with varying risk levels.
Offers tax-advantaged plans for long-term savings and returns.
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Funding Insights of Finanbest
Finanbest has successfully raised a total of $465.43K through 1 strategic funding round. The most recent funding activity was a Seed round of $465.43 thousand completed in June 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 Total Funding
- Total Rounds 1
- Last Round Seed — $465,426
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First Round
First Round
(29 Jun 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Finanbest | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finanbest
Finanbest has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MyInvestor. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Neobank offering a range of investment products and services, including savings accounts, investment funds, and pension plans
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finanbest
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finanbest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finanbest Comparisons
Competitors of Finanbest
Finanbest 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 MyInvestor, Indexa Capital, inbestMe, Finizens and Qara, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Neobank offering a range of investment products and services, including savings accounts, investment funds, and pension plans
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| domain | founded_year | HQ Location |
Investment management platform for funds and pension plans is operated.
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| domain | founded_year | HQ Location |
Automated investment portfolios are managed via mobile app for individuals.
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| domain | founded_year | HQ Location |
Online automated investment and saving management platform.
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| domain | founded_year | HQ Location |
AI-enabled robo advisory for wealth management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finanbest
Frequently Asked Questions about Finanbest
When was Finanbest founded?
Finanbest was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Finanbest located?
Finanbest is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Is Finanbest a funded company?
Finanbest is a funded company, having raised a total of $465.43K across 1 funding round to date. The company's 1st funding round was a Seed of $465.43K, raised on Jun 29, 2018.
What does Finanbest do?
Finanbest is an automated online investment platform for consumers. It is an end-to-end automated platform with rebalancing done as per risk profiling and market status. It analyses personal circumstances and objectives to determine the profile, then define an investment policy materialised in a model portfolio that optimises profitabilityrisk binomial. Finanbest invests money in several asset classes of the international market and monitor, reset asset allocations as per risk profiles or when the market changes or a change in personal situation recommend it. It charges a 0.39 management fees of AUM, an annual custody and depository fee of BNP Paribas Suc. of 0.12. For more than 1M it happens to be 0.06.
Who are the top competitors of Finanbest?
Finanbest's top competitors include MyInvestor, Indexa Capital and Finizens.
What products or services does Finanbest offer?
Finanbest offers Automated Portfolios and Pension Plans.
Who are Finanbest's investors?
Finanbest has 1 investor. Key investors include MyInvestor.