Goin raises an investment round of 5 millions of euro to fuel expansion in Europe

Goin Founders 2019
  • British fund Anthemis leads the operation and strengthens its position in the company, in addition to other internationally renowned investors such as K Fund, Encomenda, Atresmedia or TA Ventures.
  • The goal is to consolidate the company’s leadership in Spain and continuing its expansion to the rest of Europe.

Goin, the Barcelona-based startup of automatic savings and simplified investment, has closed a new investment round of 5 million euros. Anthemis, the most recognized British fund for fintechs, has led the operation reinforcing its position in the company along with K Fund and Encomenda Smart Capital.

Other investors have also participated in the operation, such as Atresmedia, the Spanish leading media group; the American fund Hard Yaka, led by billionaire and first Twitter investor, Greg Kidd; the number two on Facebook, Javier Oliván; the founder of the first Spanish unicorn (Letgo), Enrique Linares; and TA Ventures, investor in companies such as Wallapop. The CEO of Goin, David Riudor, has stated that this is “a great moment for our company. The entry of world-class investors who trust our value proposition gives us the necessary tools to build a very interesting future in every way.”

The main objective of the investment round is to continue the company’s expansion throughout Europe. Goin began operating in Italy in May 2019 and now plans to enter the Netherlands, Germany and France in 2021. The startup is also committed to consolidate its leadership in Spain, where more than 350,000 users have downloaded the app since 2018. In addition, the actual workforce of 30 employees will be increased by 75%.

The platform, created in 2018 by the young engineers David Riudor, Gabriel Esteban and Carlos Rodríguez, makes it easy for its users to save through setting specific goals and other methods such as rounding accounts or transferring a certain percentage of your salary to your savings. “Goin allows you to connect the app to any Spanish bank… and then your start saving without efforts. With our methods we make it easier to anyone to achieve its financial objectives”, explains Riudor. In 2020 the founders of the company have been included in Forbes Europe’s 30under30 list, being the first Spaniards and the youngest in history at the finance category.