MyInvestor reaches 7 billion euros in turnover, after growth 60% the first nine months of the yearand consolidates itself as the largest financial technology of Spain by business volume.
The entity supported by Grupo Andbank, El Corte Inglés Seguros, AXA España and family office records record rates both for attracting new clients and for investing money in investment products. Until September, customers of neobank It jumped 55% to 340,000 customers.
Concerning the volume of activity, the balance in investment products amounts to 3.875 millionafter having increased by 1,612 million, which represents an increase of 83%, since December 2023. During this same period, the volume of assets in savings products (accounts and deposits) increased by 580 million, or 47 % more, until reaching 2.7 billion euros. .
The volume of loans and mortgage credits amounts to 425 million, with a default rate of 0.1%. Faced with falling interest rates, the entity recently improved its mortgage offering, offering a NIF with fixed interest of 3.25% (3.46% APR) for 30 years without having to contract an additional product, or even to domicile the payroll.
Capturing investment volume was the main growth driver in the first nine months of the year, with automated portfolios (roboadvisor) and index funds being the flagship products. MyInvestor has an unparalleled investment product showcase in Spain with 1,800 funds, over 100 pension plans, stocks, ETFs, venture capital, crowdfunding real estate and participatory factorization.
The other growth lever was its savings products: the account earning 2.25% APR up to 70,000 euros in the first year, and deposits with profitability of up to 3.25% APR in 3 month for customers with or renting an automated wallet. from 150 euros.
7th anniversary, taking care of the planet
MyInvestor is celebrating its seventh anniversary this week with a solidarity campaign. For each customer who opens or invests 1,000 euros in their automated wallet (roboadvisor), The entity will plant a tree in collaboration with the Sustainable Forests platform to reforest the surroundings of the Obreguilla gorges (Navalacruz – Ávila).
