BBVA Spark and Sesame have jointly developed a groundbreaking financial product within the European ecosystem, designed to support technology companies with a software-as-a-service (SaaS) model in their international growth — without requiring equity dilution.
Through this instrument, BBVA Spark will provide up to €50 million in a structure that enables Sesame to invest in customer acquisition while continuing to develop its products, with a focus on data, performance, and scalability.
“This instrument is a real revolution for the European tech ecosystem,” said Albert Soriano, CEO of Sesame. “It will allow us to scale internationally while continuing to invest in innovation and artificial intelligence applied to talent management.”
Meanwhile, Miguel Ángel Alcalá, Head of BBVA Spark in Europe, emphasized: “Our value proposition is based on supporting high-growth companies that are transforming the economy through technology. With Sesame, we share a vision of sustainable growth, driven by data and focused on people. This transaction shows that another way to finance growth is possible. With this financial instrument, Sesame will be able to access capital in an agile, efficient manner, tailored to its international expansion pace.”
This innovative product offers an alternative to venture debt and equity financing, addressing the needs of startups that require additional capital to accelerate expansion without giving up control of the company — while allowing them to allocate existing funds to new product development.
Thanks to this financing, Sesame will be able to channel its own capital toward enhancing its AI-powered human resources platform, consolidating its technological leadership in the sector. The platform helps automate tasks, improve internal process efficiency, and deliver a better experience for both HR managers and their teams.
With over €20 million in annual recurring revenue (ARR) and more than 15,000 client companies, the firm is now strengthening its presence in Italy and Portugal while accelerating expansion into key new markets such as France and Germany.
In addition, the Spanish company — headquartered in La Marina, Valencia, and with a team of over 350 people — has consolidated operations in Brazil and now serves more than 1,000 clients in Mexico.
Photo: Albert Soriano, CEO of Sesame, and Miguel Ángel Alcalá, Head of BBVA Spark in Spain
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