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Summary 2021: A year of exponential growth

Although it has been a complicated year with new waves of the pandemic, we have managed to overcome it and continue to grow as a company. We will close 2021 with over 25% growth in revenues, positive EBITDA, and almost double the number of people in the team compared to the previous year.

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Another year comes to an end and it is time to review the situation and share with you how we have been doing.

Although it has been a complicated year with new waves of the pandemic, we have managed to overcome it and continue to grow as a company. We will close 2021 with over 25% growth in revenues, positive EBITDA, and almost double the number of people in the team compared to the previous year.

For 2022 we have a promising and challenging future ahead of us, in which we expect to continue growing internationally (we have already launched in Mexico and Brazil) and adding new talent to the team, which in the end is the engine that drives the company.

In this path, we are being accompanied by very powerful financial investors (Bankinter, Kalonia, Xesgalicia, Draper B1, Bewa7er markets…), and during 2021 we have managed to close a financing round of 2.2M in which international investors such as Faraday Ventures or Helvetia Fund have joined us.

We have managed to become the benchmark for micro-savings in Spain by collaborating in products such as the Hucha digital with Banco Santander, #yosiahorro with Mutualidad de la Abogacía, or My Pocket with Generali. All these products are possible thanks to Coco, our financial planning engine that allows us to analyze a user’s banking movements and know (as if by magic) the type of income or expense with more than 90% efficiency.

Banco Santander has been a great success thanks to its Santander Piggy Bank

Likewise, 2021 has been the year in which we have been able to meet in person again, taking advantage of the closing presentation results. We are often unaware of the value of personal relationships and it was a pleasure to share an event in which we had lunch, dinner, and even time for a little (or a lot) of fun. In Coinscrap Finance we are clear that the value is in the team and we took advantage of the event to present #coinsfaction, an incentive plan (health insurance, training, % day in projects that interest …) so that everyone can feel fulfilled in their work.

It has been a year of hard work but also a year of many recognitions such as being a semi-finalist of Web Summit, the largest Start-Ups event in Europe, and having been able to represent Coinscrap Finance in front of tens of thousands of people worldwide.

And what better way to end the year than being one of the winners of the Santander X Global Challenge Finance For All, under the Scale-Up category for companies with a turnover of more than 250,000 Euros. The prize (of 30,000 euros) recognizes the company’s work in the field of financial education, and behavioral finance, creating saving habits that help us to achieve our financial goals.

Coinscrap Finance winner of Santander X Challenge 2021

To conclude, it only remains for us to congratulate you on these special dates. May all your projects come true, and may 2022 be full of health, prosperity, and good news. 

The Coinscrap Team wishes you a Merry Christmas. 

PS: If you want to help us to improve the financial health of our society do not hesitate to schedule a meeting with us here

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