Spanish fintech Multiplo Capital has announced the appointment of Alberto Navarro, one of the pioneers of digital banking in Spain and former CEO and co-founder of Self Bank, where he played a key role in launching and scaling one of the country's first and most successful digital banks.
The appointment comes shortly after Multiplo Capital received authorization from the Spanish National Securities Market Commission (CNMV) as a Financial Advisory Firm (EAF) in January. Just four months after launching operations, the company is already advising on assets exceeding €26 million.
Following its authorization by the CNMV, Multiplo Capital has become the first AI-powered financial advisory platform to offer investors a single environment providing complete visibility over their financial flows, total wealth, and portfolio performance, while combining advanced technology with independent professional advice to help clients manage their finances more effectively.
Founded by Cristian Merino, who serves as CEO, and backed by Antai Ventures, Multiplo Capital has assembled a team of leading entrepreneurs and financial executives, including Sebastián Mejía, former President and co-founder of Rappi, one of Latin America's leading technology platforms; Juan Pablo Jimeno, former Head of Global Markets at BBVA and Senior Advisor at BME; Aitor Chinchetru, co-founder and former Co-CEO of Fintonic, Europe's first financial aggregation platform; Antonio Salido, former Marketing Director at Fidelity; Nicholas Salguero, Managing Partner at TIFIN Europe and co-founder and CEO of Arbor Fintech; and Haresh Bajaj, formerly with Klarna and Pleo and now an active business angel investing in AI and fintech companies.
Navarro joins the company after an extensive career at Self Bank, where he was one of the executives responsible for building the institution from its inception. He initially joined as Chief Information Officer before taking responsibility for Operations and ultimately serving as Chief Executive Officer.
In his new role at Multiplo Capital, Navarro will focus on defining the company's strategic direction, strengthening its brand positioning within the financial sector, ensuring that its technology architecture and execution methodologies fully leverage artificial intelligence to maximize productivity and operational excellence, and supporting the company's fundraising activities.
Commenting on his appointment, Navarro said: "More than two decades ago, I had the opportunity to participate in one of the first digital transformations of the Spanish banking industry, helping make investing and saving more accessible to thousands of people through a model that was more efficient, transparent, and customer-centric. Today, I see a market opportunity of similar magnitude at Multiplo Capital. For years, access to independent, personalized financial advice was reserved for a small group of high-net-worth investors. However, the need for financial planning, wealth visibility, and professional guidance is universal. Multiplo Capital is uniquely positioned to meet that demand through an innovative combination of technology, artificial intelligence, and expert financial advice, democratizing access to high-quality wealth management."
Navarro added that what attracted him most to the project was its ambition to create an entirely new category within financial services: a platform capable of providing clients with a comprehensive view of both their wealth and their financial flows, while eliminating many of the barriers, complexities, and conflicts of interest that have traditionally characterized the industry.
According to the company, Multiplo Capital differentiates itself from private banks, universal banks, and other financial service providers by combining capabilities that competitors rarely offer simultaneously: complete visibility of assets and cash flows, comprehensive financial planning beyond product recommendations, fully personalized client journeys, accessibility for investors with smaller portfolios—where many traditional firms typically require investable assets of between €150,000 and €300,000—and complete independence when recommending financial solutions tailored to each client's individual circumstances.
Self Bank was one of Spain's pioneers in digital banking, offering savings and investment services through a fully online platform without the need for physical branches. In February 2019, U.S. private equity firm Warburg Pincus, together with Javier Marín, former CEO of Banco Santander, acquired 100% of Self Bank from Société Générale. In January 2020, the institution was rebranded as Singular Bank, becoming one of Spain's leading independent private banks.
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