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5 Spanish Payment FinTechs to look out for in 2023

By Gloria Methri

January 04, 2023

  • Advancing
  • Afterbanks
  • Digital Wallet Services
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Spain’s tech sector is booming. As it has done for some time now, this boom has centered on the country’s financial technology sector. Spain, like many countries, is a conflation of different cultures and values, and from this diversity arises a unique set of ideas about how business should be run. Fintech is thus a natural fit for this environment.

According to Tracxn, there are 892 FinTech start-ups in Spain as of December 2022. Among these are several PayTech companies that are transforming the financial space in the country.

Let’s look at five innovative payment FinTechs in Spain in 2023.

Afterbanks

Subsidiary of Minsait, an Indra company, Afterbanks aggregates bank data and initiates payments. Authorized by the UK FCA to operate as PISP and AISP, the company is based out of Madrid, Spain.

Advancing

Advancing is a FinTech solution offering landlords the chance to receive 12 months of their rents in advance while protecting them against default payments. The company is based out of Barcelona, Catalonia, Spain.

GourmetPay

Founded in 2013, GourmetPay is an app that enables customers to make faster cashless payments at bars and restaurants. It is based in Madrid, Spain.

Lana

A digital wallet for consumer payments, Lana offers services such as mobile recharges, parking payments, money transfers, and online/offline purchases. It can be accessed through browsers.

Hubuc

Banking software suite for banks and financial institutions, Hubuc offers solutions such as open banking APIs for creating virtual and physical payment cards, IBAN accounts, white-label tools for KYC & AML, among others. It also provides solutions for compliance, QR-based payments, and more.

ALSO READ: Global Payments Vendors and Landscape Report Q4 2022

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