Indexa Capital is a Securities Agency authorized and supervised by the National Securities Market Commission. As the leading online investment management service in Spain, it is specialized on indexed management.
They manage their clients’ portfolios and help them invest on index funds with low fees. “We aim to maximize the return of our clients by reducing the cost of their personal portfolios”, they say.
Founded in 2015 by Unai Ansejo, François Derbaix and Ramón Blanco, at Indexa Capital the’re proud of being different from most of the financial institutions by putting their clients’ interest first. In addition, they believe their service is a “low-cost” one, given that their fees are by 80% cheaper than the ones offered by banks.
They provide a multidevice experience (desktop and mobile) which is defined as “easy to use”. But, what makes Indexa special overall, is their transparent philosophy: “no hidden fees, no small letters… our statistics are public”
TWO ROUNDS OF INVESTMENT TO HOPEFULLY REACH THE BREAK EVEN POINT
Given their financial institution nature, Indexa saw an initial round of investment of 1million euros, which was the amount required by the Spanish regulator to launch their project. They later needed an additional round of 1 million euros to cover their costs “until the company reaches its break-even point”.
This second round was mainly used to finance their marketing needs, which will allow them to increase the number of clients and accelerate their growth process in Spain.
Cabiedes & Partners (represented by Jose Martin Cabiedes) acted as their lead investor, together with other business angels which have also backed Indexa, such as Pedro Luis Uriarte (former BBVA CEO), Viriditas Ventures (Yago Arbeloa) or Fides Capital. And the list goes on.
Their business model is based on a management fee on the total portfolio amount (0,25% yearly average fee). Although at the moment Indexa only operates in Spain, they are already serving customers from all over the European Union.