Top 10 Financial Companies
We present the other financial companies that, along with Workcapital, offer alternative financing: their origins, products, and key features.
The current economic situation has led to growing financing needs, which have been exacerbated by the institutional restructuring of the banking system and its risk-averse behavior; consequently, financial companies have emerged that have become the best alternative, providing solutions for this niche market.
The purpose of this blog is to highlight the top 10 financial companies operating alongside Workcapital in the market, discussing their main products, origins, shareholder or fund backing, market presence, level of digitization, and their most notable features.
GEDESCO Group
First, the GEDESCO GROUP was founded in 2001 in the city of Valencia.
Its founders are Antonio Aynat and Javier García.
It is a pioneer in the market, distinguished by its revenue and long history.
It has a strong physical presence through offices throughout the country. As a group of companies, each one targets a specific customer segment with specialized products.
Among the main services it offers are working capital financing—focused on discounting promissory notes and advance payments on invoices—followed by other complementary services such as:
Given the level of digitization, its platform allows for an approximate calculation of the costs associated with discounting and advance payments on invoices.
Finally, the U.S. fund JZ International holds a stake in the company .
SAVIA Financing
Second, SAVIA FINANCIACIÓN was founded in 2013 in Madrid.
Among its main services are the discounting of commercial paper and invoice advances.
They are known for their competitive pricing within a well-defined operational framework, committing to provide a preliminary assessment within 24 hours and allowing clients to submit documentation for evaluation via their website.
Finally, this subsidiary of JB Capital Markets—Javier Botín’s financial firm—has a physical office in Madrid.
CREALSA
The third company, CREALSA, was founded in 2009 in Valencia.
Its founding partners are José Molina (CEO) and Javier Chisbert.
A fintech company specializing in promissory note discounting, invoice advances, and factoring for small and medium-sized businesses and the self-employed.
They rely on digitalization to attract clients and investors in the market, providing an online platform that allows investors to participate in transactions that interest them and enables clients to submit proposals for trade finance transactions.
Its shareholders include the British fund Iman Capital Partners, and it operates nationwide with physical offices in Madrid and Valencia.
FIDECO Inversiones
Fourth on the list is FIDECO INVERSIONES, which was founded in 1965 in Madrid.
It is a company with a long track record in the market, specializing in working capital financing, with a particular focus on the discounting of promissory notes.
Given its extensive experience in the sector, it complements its services with advice on receivables management.
The pandemic has accelerated its digital transformation, allowing clients to request and receive transaction analyses through its website.
Regarding its shareholders, Gonzalo Pascual García-Ajofrin is a notable figure.
It has a physical office in Madrid.
BORROX
The fifth company, BORROX, was founded in 2017 in Madrid.
This financial firm is part of the SUMMA INVESTMENT SOLUTIONS group and offers commercial bill discounting, factoring, and confirming services.
Specializing in invoice financing, it particularly excels in public factoring services.
As for its web platform, users can review transactions online.
It has physical offices in Madrid, Barcelona, and Seville.
FINANZAREL
In sixth place is FINANZAREL, founded by Paulino de Evan and Jorge Bustos in 2013.
To access its financing products (commercial discounting, factoring, and confirming), the following minimum requirements must be met:
- – The assignor must have annual revenue exceeding €100,000
- – The drawee must have annual sales exceeding 6 million euros
- – The business relationship between the parties must have existed for more than 6 months
- – And the invoices must stem from commercial transactions.
In terms of its level of digitalization, the company operates a platform specializing in project financing through crowdlending.
Its shareholder base has been strengthened through an agreement reached with Varengold Bank, which has enabled it to expand its business in Spain.
Headquartered in Barcelona, the company is committed to providing nationwide coverage through digitalization.
NOVICAP Finance
The seventh company is NOVICAP FINANCE, founded in 2015 by Marc Antoni Macià, Federico Travella, and Nicolas Overloop.
It offers working capital financing through factoring, confirming, and dynamic discounting solutions.
It stands out for its operations under financing lines in the market.
Its website allows users to submit an application and run a cost simulation.
In terms of its presence, the company’s headquarters are in London, but it conducts the bulk of its business in Spain through its Barcelona office, where it was incorporated.
It also has an office in Madrid and recently opened an office in Amsterdam.
Its current shareholders are led by the Partech and Techstars Ventures funds, among others.
MYTRIPLEA Financing
The eighth company, MYTRIPLEA FINANCIACIÓN PFP, was founded by brothers Jorge and Sergio Antón in 2013 in Soria.
It is a crowdlending platform that offers loans to businesses through MytripleA Financiación PFP, S.L. and factoring services through MytripleA Gestión, S.L.
It facilitates access for all types of investors, accepting amounts starting at €50.
Loans can range from €50,000 with terms from 1 month to 5 years.
Regarding the factoring service, they accept invoices with a minimum amount of €3,000 and maturity terms of up to 150 days for the private sector and 270 days for the public sector.
Their website serves as a marketplace where businesses and self-employed individuals can obtain financing directly from private investors, who receive a return on their investment in exchange.
It has physical offices in Soria and Madrid.
COLECTUAL
In ninth place is the SOCIEDAD ECONOMICA PARA EL DESARROLLO DE LA FINANCIACION ALTERNATIVA COLECTUAL PFP, which was founded in 2015 in Valencia by co-founders José María Ferrer and Pedro Gómez.
It distinguishes itself by financing companies that have a positive impact in sustainable sectors and are committed to Corporate Social Responsibility (CSR), thus standing out for the ethics and transparency of its operations.
Its main services include loans to businesses.
It operates an online platform (colectual.com) that directly connects individuals seeking a return on their savings with small and medium-sized enterprises (SMEs) in need of financing, establishing itself as the first collective lending or crowdlending platform in the Valencian Community.
FINALBION
Finally, the tenth company, FINALBION, was founded in 2015 in Madrid.
Known for financing medium-sized companies, it is committed to digitalization, allowing its users to obtain financing and view their invoices through its platform.
Among its main services are working capital financing for companies through confirming and factoring lines, as well as business loans.
It has offices in Madrid and Stuttgart (Germany).
It is backed by the British group RBS through its wholesale banking subsidiary, NatWest Markets.
The significant growth of alternative financing has given rise to numerous financial companies, which, along with those mentioned above, support SMEs by offering liquidity and a customer-focused approach.
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All information included in this publication comes from public sources, primarily corporate websites and press releases.
