Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE MADRID EDITION 2026

Madrid’s
financial services industry,
in focus.

The companies, capital and talent shaping financial services in Madrid. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Financial Services Industry Landscape of Madrid
ES
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Financial Services illustration
MEET THE COMPANIES

Explore Madrid’s financial services leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Financial Services company highlights in Madrid, snapshot 4 September 2026
Company
Sarebsareb.es$4.4B
Asterion Industrialasterionindustrial.com$616M
Bankiabankia.com$168.93M13,463
Life5life5.es$18.2M52
Kalmasomoskalma.com$1.06M
Liberbankliberbank.es$511.15K4,007
Futuro Perfectofuturo-perfecto.eu$168.4K
Asufinasufin.com$111K
Auxadiauxadi.com3 roles300
NFORCE OPERATIONS SERVICES S.Lnforceservices.es3 roles89
Bakertillybakertilly.es2 roles370
Caret Capitalcaretcap.com2 roles
Bolsas y Mercados Espanolesbolsasymercados.es1 roles774
CIMD Groupgrupocimd.com1 roles
CNMVcnmv.es1 roles426
Evolutionevolutioneurope.eu1 roles67
BBVAbbva.es400
Casercaser.es1,600
ERSM Grupoersmgrupo.com254
Mutua Madrilenamutua.es68
Prosegurprosegur.com51,435
Santalucíasantalucia.es
Santandersantander.com923Financial figure available in RadarView in Radar
Singular Banksingularbank.es400
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Financial Services industry KPIs in Madrid

A few useful ratios bring the size of this ecosystem into perspective.

4 September 2026
Hiring participation4.5%

13 of 292 tracked companies have open roles.

Funding participation5.1%

15 of 292 tracked companies have a recorded round.

Top 3 funding share99.6%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$256.45K

Midpoint of 16 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 99.6% of disclosed capital, while 94.9% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Madrid financial services has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Madrid financial services
$0$1.25B$2.51B$3.76B$5.02B2016: $55.83K20162017: $57.46K20172018: $254.7K20182019: $785.19M20192020: $020202021: $1.2M20212022: $6.35M20222023: $11.93M20232024: $4.4B20242025: $02025
View the numbers
Annual financial services funding and company formation in Madrid
YearFunding (USD)FoundedRaising
2016$55.83K91
2017$57.46K73
2018$254.7K141
2019$785.19M163
2020$0140
2021$1.2M71
2022$6.35M62
2023$11.93M53
2024$4.4B12
2025$000
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Sareb84.5%
  • Asterion Industrial11.8%
  • Bankia3.2%
  • Other companies0.4%

Funding by stage

22 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel5 22.7%
Series A–B1 4.5%
Series C+ / PE0 0.0%
Grants, debt & other16 72.7%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
4 cards

Swipe or scroll horizontally to browse.

Series A06/2023
Life5life5.es$10.7M

Backed by Singular and Mundi Ventures and others.

Seed05/2022
Life5life5.es$6.3M

Backed by Singular and Gokul Dhringa and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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Annual accounts availability

No reviewed exact national-ID connector has yet been qualified for Spain; this is a checked implementation boundary, not evidence that filings are absent.; No reviewed exact national-ID connector has yet been qualified for Spain; this is a checked implementation boundary, not evidence that filings are absent.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Madrid companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

15 of the 292 companies on this page carry a measured traffic record (5.1%); these are the largest of those, by monthly visits. The median among them is 706,464 visits.

CompanyMonthly visitsAuthorityMobile
BBVAbbva.es9,189,1696949.5%
INGingdirect.es2,396,3404020.4%
Sanitassanitas.es2,078,8016969.2%
Mutua Madrilenamutua.es1,730,9655477.1%
SegurCaixa Adeslassegurcaixaadeslas.es974,7315564.7%
Casercaser.es941,8565268.9%
Banco de Espanabde.es908,3336156.2%
allianz segurosallianz.es706,4645280.9%
Santalucíasantalucia.es489,9404760.7%
Self Bankselfbank.es179,0834041.4%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

40 of these companies (13.7%) publish at least one Android app — 72 apps in all, carrying 35.3M installs between them.

AppInstallsRatingStore category
BBVA Spain | Online BankingBBVA18.9M4.8Finance
ING Banca Móvil y FinanzasING6.5M4.8Finance
Mi SanitasSanitas2.2M4.8Health & Fitness
AdeslasSegurCaixa Adeslas1.9M4.8Health & Fitness
Prosegur SMARTProsegur918.4K4.5Lifestyle
BBVA Empresas | PTBBVA Net Cash851.3K3.7Finance
Muface MóvilMuface683.9KProductivity
myAllianzallianz seguros632.3KFinance
Intranet ProsegurProsegur418.5K2.8Productivity
Santalucía SegurosSantalucía346.8K3.4Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q2–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Banks1326.9MBBVA Spain | Online Banking 18.9M
Insurance Carriers283.7MAdeslas 1.9M
Insurance Distribution52.2MMi Sanitas 2.2M
Service Providers To Banks91.5MProsegur SMART 918.4K
Banking Equipment Manufacturers71.4MIntranet Prosegur 418.5K
Asset Management10784KMuface Móvil 683.9K
Financial Regulatory Authorities286.7KSimulators. Banco de España 81.1K
Services For Investment Industry342KBESTINVER educatio 24.3K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2022Q4: 32022Q4: 02022Q42023Q2: 12023Q2: 02023Q22023Q4: 22023Q4: 02023Q42024Q2: 22024Q2: 22024Q22024Q3: 22024Q3: 02024Q32024Q4: 22024Q4: 42024Q42025Q1: 22025Q1: 22025Q12025Q2: 22025Q2: 22025Q22025Q4: 12025Q4: 102025Q42026Q1: 12026Q1: 82026Q1

Darker bars are new releases, lighter bars apps updated. 55 of 72 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Madrid financial services market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Segment data unavailable0

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Segment data unavailable

The largest measured segment in this report snapshot.

0companies
0%have hiring activity

0 companies hiring · $0 disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Mergers & acquisitionssantander.com ↗

Santander has completed its takeover of TSB.

Funding roundsprosegur.com ↗

The European Investment Bank (EIB) and Prosegur Security Company have signed a loan worth 60 million euros to finance the company's R & D & I activities and digital strategy.

Mergers & acquisitionshna.es ↗

Grupo hna has acquired Newco Telemed.

Mergers & acquisitionscaser.es ↗

The BOE has published the ECM/1429/2025 order of 28 November authorizing the merger of Caser and Helvetia.

Mergers & acquisitionsbbva.es ↗

BBVA has forged a strategic partnership with Stellantis to acquire 50 percent of FCA Compañía Financiera (FCA CF)

Mergers & acquisitionssingularbank.es ↗

Abanca and Revolut are considering buying Singular Bank to boost their private banking business. Warburg Pincus has launched the sale of Singular Bank, valued at about €100 million.

Mergers & acquisitionssantalucia.es ↗

The insurer has increased its share to 10% of the bank, from 5.17% above, which is still in the CNMV registry.

Mergers & acquisitionshipoges.com ↗

Gómez-Acebo & Pombo has advised Pollen Street Capital, through its participation FinSolutia, an Iberian platform of technological services applied to the management of real estate credits and assets, on the acquisition of HipoGes Iberia, the leading platform of the sector in southern Europe, to the American firm of private equity KKR.

Mergers & acquisitionslarespana.com ↗

Lar España has completed the integration process with its parent company, Helios RE Socimi, after the registration of the transaction in the Commercial Registry.

Earningsmapfrere.com ↗

Mapfre Re reported a strong start to 2026, posting a net result of €85 million in the first quarter, up 76.8% year-on-year.

Full recorded event mix

Top 10 categories among 460 recorded events in the 24-month window.

Leadership moves
82
Mergers & acquisitions
70
Regulatory
66
Company announcements
49
Earnings
46
Contracts
43
Asset acquisitions
26
Buyback
19
New products
11
Lawsuit
10
7 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

1 companies with recorded IPO activity

BBVA ↗

OFS1 reports

Leadership moves

39 tracked people moves

BBVA ↗
Marwan Khouadja

Appointment Managing Director, EUR Swap Trader

Santander ↗
Battini

Appointment Previously senior advisor

Santander ↗
Rohde

Appointment Previously General Manager of Insurance Mexico

MAPFRE ↗
Fernando Utrilla Agüero

Appointment Chief Financial Officer

MAPFRE ↗
Daniel Quermia

Retirement Previously Chief Financial Officer

MAPFRE ↗
Na

Appointment Chief Financial Officer

Santander ↗
Swati Bhatia

Departure Previously Head of Openbank and U.S. Retail Bank

BBVA ↗
Pedro González

Appointment Director of the CEO\'s office

Product launches

Products, platforms and features in the recorded window

Santalucía ↗
Maxiplan Premium Investment

Structured product

Santander ↗
Navigator Global

Platform

BBVA ↗
Blue

AI‑powered virtual assistant

BBVA ↗
BBVA instant payments service

Cross-border instant payment service

Workforce actions

2 companies with reported reductions

BBVA ↗

750 rolesvoluntary departure

Santander ↗

291 rolescost reduction

Regulatory events

63 recorded events

Santander ↗

authorization process completedUK Competition Authority, Prudential Authority (Bank of England), European Central Bank (ECB)

MAPFRE ↗

approved to launch a branch

MAPFRE ↗

approved to open branch officeInternational Financial Services Centres Authority (IFSCA)

Santander ↗

awaiting regulatory approvalEU and US regulators

Litigation

9 tracked suits

Company
bbva v Sabadell

shareholder obstruction in takeover bidRegulatory · Filed

Company
santander v creditors of its stake

real estate debt disputeCivil · Settled

Earnings pulse

Reported company results in the recorded window.

4companies
54period observations
12.2%median reported growth

Median across 12 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
unicaja bancoLiberbank ↗Announced2026-08-06Not stated in snapshot
BankiacaixabankPending2026-05-19Not stated in snapshot
SantandertsbCompleted2026-05-01Not stated in snapshot
SantandertsbCompleted2026-05-01Not stated in snapshot
SantandertsbCompleted2026-05-01Not stated in snapshot
SantandertsbCompleted2026-05-01Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

6 postings in the preceding 12 months. The full 31-posting snapshot covers 28 employers.

Expand panel +

Most advertised job titles

Financial Controller4
Independent Financial Advisor Spain3
Financial Analyst Accountant Maternity Leave Contract (Remote)3
Technical Account Manager, Strategic Industries Financial Services2
Financial Advisor2
Sr. Financial Analyst2
0 internship postings

3 tracked postings mention remote work.

The seniority mix

11 postings specify a level.

unspecified
20
manager
5
senior
4
entry
2

Skills employers mention

Top skills across 31 tracked postings in the available jobs snapshot.

Fraud & Id
1
Benchmarking
1
Open Banking
1
Google Suite
1
Decision Engines
1
Credit Bureau
1
Financial Services
1
Commercial Bureau
1
Market Intelligence
1
THE PEOPLE BUILDING THE FIELD

Founders and leaders

92 founders and chief executives across 80 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

12 profiles with education records.

IE Business School
2
Bayes Business School
1
Massachusetts Institute of Technology
1
Kellogg School of Management
1
University of Oxford
1
University of Cambridge
1
Stanford University
1
Pontifical Catholic University of Rio de Janeiro
1

Prior employers

4 profiles with prior-work records.

McKinsey
1
Boston Consulting Group
1
Goldman Sachs
1
Morgan Stanley
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

24,423 articles in the measured 12-month window.

Expand panel +
24,423articles in the measured year
5,910articles in 2026Q1
64.5%positive tone in the latest complete year

News volume trends

Financial Services coverage tagged Madrid · articles per complete quarter

02,6285,2577,88510,5132021Q2: 5,0422021Q22021Q3: 4,8772021Q4: 3,9992022Q1: 4,3382022Q2: 6,9102022Q22022Q3: 4,2982022Q4: 5,4602023Q1: 5,5602023Q2: 6,2722023Q22023Q3: 5,4392023Q4: 5,4022024Q1: 6,5352024Q2: 8,5892024Q22024Q3: 6,1332024Q4: 7,6232025Q1: 9,1422025Q2: 8,1162025Q22025Q3: 6,1342025Q4: 5,0972026Q1: 5,9102026Q1
View quarterly article counts
QuarterArticles
2021Q25,042
2021Q34,877
2021Q43,999
2022Q14,338
2022Q26,910
2022Q34,298
2022Q45,460
2023Q15,560
2023Q26,272
2023Q35,439
2023Q45,402
2024Q16,535
2024Q28,589
2024Q36,133
2024Q47,623
2025Q19,142
2025Q28,116
2025Q36,134
2025Q45,097
2026Q15,910

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
9,243 positive · 288 neutral · 5,126 negative
2022
12,953 positive · 520 neutral · 7,495 negative
2023
14,327 positive · 482 neutral · 7,823 negative
2024
18,905 positive · 591 neutral · 9,313 negative
2025
18,342 positive · 506 neutral · 9,594 negative

Leading coverage topics

Financial Services coverage tagged Madrid · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,614 articles in the full recorded period
108,140 recent · 81,435 prior
International And Transnational Geographic Entities300,607 articles in the full recorded period
108,142 recent · 81,437 prior
Administrative And Political Subdivisions300,576 articles in the full recorded period
108,128 recent · 81,429 prior
International Sports Competitions45,545 articles in the full recorded period
8,199 recent · 11,771 prior
Professional League Updates45,035 articles in the full recorded period
9,509 recent · 8,981 prior
Athlete Transfer Rumors30,663 articles in the full recorded period
6,641 recent · 5,612 prior
Sports History And Legacy Stories28,965 articles in the full recorded period
20,076 recent · 3,165 prior
Sportsmanship And Ethics In Sports25,686 articles in the full recorded period
18,876 recent · 1,704 prior
Soccer Player Transfers And Contracts23,395 articles in the full recorded period
4,656 recent · 3,979 prior
Championship Event Highlights21,950 articles in the full recorded period
4,699 recent · 5,782 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Spain comparison coverage

KeywordRecentPriorChange
countries4,2501,920121%
geopolitical alliances76543576%
foreign policy analysis636212200%
transformational leadership55930285%
fire impact study544233133%
transactional leadership529257106%
diplomatic strategies52833956%
multilateral diplomacy525196168%
situational leadership478223114%
stock performance42627157%
europa league8812,298-62%
olympic trials2071,723-88%
ronaldo9011,550-42%
olympic team selections2841,536-82%
champions league7061,314-46%

Event and signal lenses

Spain comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

643,594 classified articles

territories, disputed islands, countries

14.6% critical · 14.1% positive
Rising

Funding Momentum

58,201 classified articles

club valuation, europa league, stadium financing

30.4% critical · 42.7% positive
Rising

Growth

106,683 classified articles

league expansion news, pro league fixtures, gdp growth rate

25.1% critical · 49.4% positive

Financial Services coverage tagged Madrid. Topic labels describe recorded classifications and can include broad context.

UNDERSTAND THE LANDSCAPE

Financial Services in Madrid: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 4 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon