In July 2021, finleap connect(Qwist), Europe's largest independent Open Banking platform, announced acquiring MyValue Solutions, the second-largest Open Banking company in the Iberian market. This strategic move aimed to boost finleap connect's global expansion, particularly in the crucial Iberian Open Banking sector.
The acquisition combined finleap connect's robust platform with MyValue Solutions' renowned technology and significant customer base, including key partnerships with major financial institutions. This collaboration promised to enhance accessibility to value-added services in the Iberian region, presenting promising sector-wide opportunities.
MyValue Solutions, a leader in Spain's Open Banking, offered white-label modular solutions for Personal Finance Management (PFM) and Business Finance Management (BFM). This complemented finleap connect's unique full-stack platform, enriching its financial transaction and data & analytics offerings.
The CEO of finleap connect viewed the acquisition as a major step in European expansion, leveraging MyValue Solutions' technology and talent. Claret Capital's participation, providing growth capital, was integral to the venture.
Founded in 2009 in Madrid, MyValue Solutions collaborated with numerous banks, distinguishing itself with advanced technology. With the acquisition leveraging finleap connect's PSD2 license, MyValue Solutions aimed to extend its services beyond banks to fintechs, insurers, and retail.
This July 2021 acquisition, following a recent Series A funding round, showcased finleap connect's continuous European market expansion since entering in 2019. Operating in four EU countries, the company offered services in eight European nations, focusing on increased international interconnectivity, notably in France, Italy, and Spain.
With Spain and Portugal being pivotal Open Banking markets, this acquisition positioned finleap connect to directly serve the Iberian market, expanding its reach and services.
Company Details
- Address
- Calle De Zurbano, 45, Madrid,community Of Madrid 28010,spain
- Industry
- Technology, Information And Internet
- Website
- https://qwist.com
- Keywords
- in the Iberian region.
- HQ
- Madrid, Community of Madrid
My Value Solutions Questions
My Value Solutions's website is https://qwist.com
My Value Solutions's LinkedIn profile is https://es.linkedin.com/company/my-value-solutions
My Value Solutions's industry is
Technology, Information and Internet
My Value Solutions's categories are Technology, Information and Internet
