Multiplo Capital, the fintech backed by Antai Ventures and supported by the founders of Rappi and Fintonic, as well as former executives from BBVA, Fidelity and fintech TIFIN, is already making its mark with year-to-date returns of more than 12.42% on over €34 million in assets under advisory, outperforming the S&P 500’s 10.45%.
Six months after being authorised by Spain's National Securities Market Commission (CNMV) as a Financial Advisory Firm (EAF), Multiplo Capital has established itself as the first AI-powered platform in the financial market to provide investors with a single hub offering complete visibility over their financial flows, wealth and its performance, while also delivering the technical and professional support needed to manage their finances as effectively as possible. After just six months of operations, the company has already surpassed €34 million in assets under advisory.
Founded by CEO Cristian Merino, the fintech is backed by prominent figures from the entrepreneurial and financial worlds, including Sebastián Mejía (former President and co-founder of Rappi, one of Latin America's leading technology platforms); Juan Pablo Jimeno (former Head of Markets at BBVA USA and former Director at BBVA Asset Management); Aitor Chinchetru (co-founder and former Co-CEO of Fintonic, Europe's first financial aggregator); 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 at Klarna and Pleo, and a business angel investing in AI and fintech companies).
More recently, the company made headlines with the appointment of one of the industry's leading figures to its Advisory Board: Alberto Navarro, co-founder and CEO of Self Bank, Spain's first neobank.
What truly differentiates Multiplo Capital from its competitors—including private banks, universal banks and financial products—is that none of these alternatives individually combine all the features offered by Multiplo Capital: full visibility over financial flows and wealth, comprehensive financial planning that goes beyond product recommendations, personalised financial guidance, accessibility for clients with smaller portfolios (most competitors do not serve investors with less than €150,000–€300,000), and a fully independent advisory model capable of recommending the most suitable financial solutions for each client.
As a result, Multiplo Capital's clients have consistently achieved significantly stronger returns than those offered by other institutions. For example, last year its standard 100% equity portfolio generated a return of 24.4%, compared with 16.35% for the S&P 500. Its 100% fixed-income portfolio delivered a return of 8.60%.
According to Cristian Merino, "Because we are a completely independent platform, unlike most banks and financial institutions, the first thing we do is understand our clients from both a financial and personal perspective. We then provide them with a holistic financial plan covering savings, liquidity, investments and taxation, recommend the most suitable financial products available across the entire market, support them throughout the execution of those recommendations—including subscriptions, purchases, sales and transfers—and, above all, provide 24/7 assistance through ongoing support, proactive communications, recommendations and regular reporting."
Merino adds that the project is scaling with "a highly diverse client base. Portfolio sizes range from €15,000 to €4 million, with an average portfolio of €230,000. Our most common client portfolio is below €50,000. The average client is around 40 years old, although our clients range from 26 to 77 years old. We believe this confirms that our service is truly designed for everyone." He also notes that some clients "simultaneously work with private banking institutions but are dissatisfied with the advisory service they receive, even though they value those institutions' trading platforms or product offering."
This mission of making high-quality financial advice accessible to a much broader audience is perfectly summarised by Juan Pablo Jimeno, Chief Investment Officer, Advisory Board member and investor in Multiplo Capital: "Throughout my long career in financial markets and asset management, I have had access to the best practices in financial planning and advisory across many countries. Spain suffers from a significant financial literacy gap that has already affected—and will continue to affect—the financial wellbeing of a large proportion of the population. Multiplo was founded with the universal mission of providing financial planning and advice based on best practices and complete independence, a key element in our clients' financial future. This approach will establish the company as the leading platform throughout the entire independent financial advisory journey and help an entire generation of clients optimise their financial wellbeing through the support of a highly experienced team and the latest available technology."
Finally, the emergence of generative artificial intelligence has, for the first time, made financial advisory services truly scalable. However, the company stresses that "we do not believe AI should replace human interaction and personal relationships, and we keep AI entirely separate from our investment policy decisions, which remain exclusively under the responsibility of our Investment Committee." Instead, AI is used to enhance the productivity of its advisers and professionals, enabling the company to offer highly competitive pricing to clients.
According to Multiplo Capital's own research, generative AI has made financial advisory scalable for the first time, increasing returns by 44% while reducing advisory costs and fees by 57%. The study concludes that the nearly 3,400 hours advisers typically spend managing client relationships can effectively be reduced to zero, allowing them to focus instead on building trust with clients. In terms of client benefits, the findings are equally compelling: advisory costs could be reduced by at least 60%; fees associated with financial products could fall by as much as 57%; and portfolio performance could improve by 44%, equivalent to approximately six additional percentage points of annual returns.
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