BlueBull, a financial advisory firm specializing in M&A transactions for technology companies and high-growth enterprises, has acted as exclusive advisor to MyInvestor in its €45 million investment round. MyInvestor, Spain’s top one neobank backed by Grupo Andbank, AXA, El Corte Inglés, and some Spanish family offices, has raised €45 million in capital (Series C) in the last twelve months. This funding round has bolstered MyInvestor’s financial metrics, enabling the bank to expand its balance sheet, positioning the bank at the forefront of solvency ratios within the Spanish banking sector.
In December 2023, MyInvestor successfully closed a n investment round that increased its CET1 capital to over €60 million, and its TIER1 capital ratio surpassed 40%. This achievement was supported in part by the issuance of €25 million in AT1, where BlueBull acted as the exclusive advisor. Previously, in March 2023, MyInvestor issued convertible notes subscribed by successful entrepreneurs such as Xavier Pladellorens (founder of Deporvillage), David Ruiz de Andrés (founder of Grenergy), Gerard Olivé (co-founder of Wallapop), Carlos Rivera (co-founder of Clicars), Julio Ribes (founder of Swipcar), and Juan Desmonts (founder of Dosfarma).
BlueBull has exclusively advised MyInvestor’s shareholders, playing a crucial role in attracting some of Spain and Italy’s most successful entrepreneurs.
"BlueBull's experience and network have been crucial in attracting successful entrepreneurs in Spain and Italy, enabling us to strengthen our capital" said Carlos Aso, Andbank Group CEO
MyInvestor is a neobank backed by Grupo Andbank, El Corte Inglés Seguros, AXA Spain, and several family offices.
It is regulated by the Bank of Spain and the CNMV (Spanish Securities Market Commission) and is a member of the Spanish Deposit Guarantee Fund.
With a business volume exceeding €4 bn, it stands as Spain’s largest fintech and offers a full range of banking services: accounts, deposits, cards, investment products – automated management portfolios (robo-advisor), funds, stocks, ETFs, plans, crowdfunding – mortgages, and consumer loans.
In 2023, MyInvestor nearly doubled its customer base, exceeding 220,000 clients, and has remarkably increased its business volume from 2,263 million to 4,373 million euros. Among these figures, 2,120 million euros are in investment products, 1,840 million euros are in accounts and deposits, and 413 million euros related to credit investments.
MyInvestor recorded its first-ever profit in 2023, with a non-performing loan ratio of less than 0.1% and a TIER1 capital ratio exceeding 40%.
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