Wealthreader
Madrileña fintech operating a unified banking aggregation API that combines PSD2 regulatory data with screen scraping to deliver real-time access to accounts, investments, and assets across 916 financial entities in 61 countries for banks, wealth managers, and fintechs.
- Company typePrivate
- Founded2023
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Wealthreader does
Wealthreader (legal entity Wealth Reader S.L.) is a Madrid-based fintech founded by David Lozano that operates a unified banking aggregation API providing real-time access to financial assets held across multiple institutions. The platform combines PSD2 regulatory APIs with online banking channel scraping to deliver data that extends beyond PSD2 scope, including investment portfolios, insurance, and detailed product information. Headquartered at C/ Hermosilla 48 in central Madrid, the company is authorized by the Bank of Spain as a payment institution to provide Account Information Services under PSD2 and holds ISO 27001 certification from AENOR, with all infrastructure hosted in the EU and GDPR-compliant.
The core product is a RESTful API documented in OpenAPI v3 with webhook-based data delivery, complemented by a single-line JavaScript widget that handles bank authentication flows including two-factor authentication and multi-contract selection. Coverage spans 916 financial entities across 61 countries, with 250+ directly connected banks and asset managers and over 2 million bank connections processed monthly. Beyond the core Access to Banks endpoint, the suite includes Verification of Ownership (IBAN-based account holder confirmation for KYC), Obtaining ISIN and DGS Codes (standardized identifiers for investment fund transfers), Investment Portfolio Composition (positions, weights, and asset detail), and batch processing for high-volume enterprise integrations.
Wealthreader monetizes through tiered subscriptions billed per credential (Individual up to 10, Professional up to 250, Enterprise at hundreds of thousands) plus usage-based overage charges, with a 15% annual billing discount and no free trials. Distribution is API-first and direct: self-serve documentation, Postman collections, and Stripe checkout for the Individual tier, with sales-led engagement via WhatsApp, web forms, and dedicated account management for Professional and Enterprise customers. The customer base includes Spanish banks (ABANCA, Singular Bank), asset managers (Cobas Asset Management), and fintechs (Fintonic, OK Ticket, ADISS, Ubimia), with ~€1.57M raised to date across a 2023 seed round led by Angels (Juan Roig) and a 2025 follow-on.
Wealthreader firmographics
Firmographics- Name
- Wealthreader
- Legal name
- Wealth Reader S.L.
- Website
- https://wealthreader.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Madrileña fintech operating a unified banking aggregation API that combines PSD2 regulatory data with screen scraping to deliver real-time access to accounts, investments, and assets across 916 financial entities in 61 countries for banks, wealth managers, and fintechs.
- Ownership category
- akta.pro rank
Wealthreader industry classification
Industry- Product category
- Banking Aggregation API / Open Banking Infrastructure
- NAICS
- Finance and Insurance (52)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)
- akta.pro secondary industries
- Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD), Net Worth & Personal Balance Sheet Tracking (FSAGADAF)
Keywords
Where Wealthreader is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Wealthreader business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- API subscription per credential: Subscription-based pricing model where customers pay based on the number of credentials (secure bank connections) they require. Pricing tiers range from Individual (up to 10 credentials) to Professional (up to 250 credentials) to Enterprise (hundreds of thousands of credentials). Additional charges apply for excess usage beyond contracted limits. Annual billing available with 15% discount.
- API call overage charges: Excess API calls or credential usage beyond plan limits are billed per unit at current rates. Customers are notified in advance as they approach their limits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Individual: Up to 10 credentials, full catalog access, managed shared environment, support from Spain. Professional: Up to 250 credentials, SLA 99.5%, priority email + WhatsApp support (<4h), coverage in 250+ banks across 61 countries. Enterprise: Hundreds of thousands of credentials, SLA 99.9%, dedicated support, regulatory compliance and homologation, deep investment coverage. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Wealthreader product offering
Product offeringCore offering
Wealthreader provides a banking aggregation API that delivers standardized, real-time access to financial assets held at any entity by combining PSD2 regulatory APIs with online banking channel scraping. The platform exposes accounts, cards, loans, investments, receipts, deposits, and insurance data across 916 financial entities in 61 countries through a unified RESTful API and an embeddable JavaScript widget. Customers include banks, neobanks, wealth managers, fintechs, and software manufacturers seeking to integrate financial data into their own products.
Product overview
Wealthreader offers a unified banking aggregation API platform designed for financial data access. The core product consists of five integrated modules: Access to Banks (the primary API for connecting to accounts, cards, loans and investments), Verification of Ownership (account holder confirmation), Obtaining ISIN and DGS Codes (standardized financial identifiers), Investment Portfolio Composition (portfolio detail retrieval), and Supported Entities (coverage reference). The platform provides connectivity to 916 banks and asset managers across 61 countries, processing over 2 million bank connections monthly. A companion JavaScript widget facilitates frontend integration with minimal code. The company also offers tiered pricing plans (Individual, Professional, Enterprise) with varying SLA levels and support.
Differentiator
Problem solved
Functional benefit
Products and services
- Access to Banks A unified API that connects to accounts, cards, loans, and investments from multiple financial institutions, providing real-time access to banking data beyond PSD2 limitations for banks, fintechs, and software manufacturers.
- Verification of Ownership An API endpoint that quickly confirms whether an account belongs to a specific user or company through IBAN verification, supporting KYC and onboarding processes for financial institutions.
- Obtaining ISIN and DGS Codes Retrieves standardized financial identifiers such as ISIN and DGS codes for investment products, enabling portfolio transfers, fund categorization, and wealth reporting for family offices and wealth managers.
- Investment Portfolio Composition Provides positions, weights, and detailed asset information of investment portfolios including funds, stocks, and other financial instruments, with ISIN codes, transaction history, shares, prices, and currency details for wealth managers and asset managers.
- Supported Entities Directory A comprehensive directory of 916 supported banks and asset managers across 61 countries, with coverage details by institution and product type, enabling customers to verify supported integrations.
Quantifiable outcome
- 2M+ bank connections processed monthly
- +3 more outcomes
Companies that use Wealthreader
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles5 records
Wealthreader technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Wealthreader partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Wealthreader competitors and assessment
Company assessmentEmerging players
- Token.io: Open banking payments and data network operating across Europe. Token.io is named by Wealthreader as a competitor and overlaps in PSD2-based data connectivity, though with stronger emphasis on payment initiation alongside aggregation.
Broad incumbents
- Yodlee (Envestnet): Long-standing incumbent in bank data aggregation, now part of Envestnet. Yodlee competes broadly in the same aggregation space as Wealthreader but is a much larger, portfolio-level platform serving banks, lenders, and wealth managers globally.
Direct peers
- MX Technologies: US-based open finance platform providing account aggregation, financial data enhancement, and analytics. MX is a comparable API-first aggregation play serving banks, fintechs, and lenders with similar product breadth to Wealthreader.
- Tink: European open banking platform owned by Visa, offering PSD2-based account aggregation, investment data, and risk insights. Explicitly named as a competitor by Wealthreader and serves overlapping European bank and fintech customers.
- Plaid: The dominant bank aggregation API in North America and increasingly Europe. Plaid offers multi-bank connectivity, standardized schemas, and developer-first tooling directly comparable to Wealthreader's core proposition, but at vastly larger scale.
- Finleap Connect: European open banking and account aggregation API named explicitly as a Wealthreader competitor. Finleap Connect offers PSD2-based data connectivity with similar coverage and developer tooling.
- TrueLayer: UK-headquartered account aggregation and payment-initiation API provider. TrueLayer is named by Wealthreader as a direct competitor and offers a similar developer-led PSD2 aggregation model across European markets.
- Salt Edge: Open banking and account aggregation API provider with broad European bank coverage. Salt Edge is comparable to Wealthreader in targeting banks, fintechs, and lenders with standardized multi-bank data access.
- Afterbanks: Spanish and European bank aggregation API explicitly cited by Wealthreader as a direct competitor. Afterbanks overlaps heavily with Wealthreader's core multi-bank data connectivity proposition, particularly in Spain.
- Akoya: European open banking data access network backed by major banks. Akoya is comparable to Wealthreader in providing standardized bank data APIs across European institutions, with a strong emphasis on PSD2-driven data sharing.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Wealthreader social profiles
Digital presenceWealthreader compliance and trust
Trust signalCompliance3 records
Wealthreader financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wealthreader leadership team
Management profileNumber of profiles
Profiles1 record
Wealthreader funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wealthreader M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wealthreader
What does Wealthreader do?
Wealthreader provides a banking aggregation API that delivers standardized, real-time access to financial assets held at any entity by combining PSD2 regulatory APIs with online banking channel scraping. The platform exposes accounts, cards, loans, investments, receipts, deposits, and insurance data across 916 financial entities in 61 countries through a unified RESTful API and an embeddable JavaScript widget. Customers include banks, neobanks, wealth managers, fintechs, and software manufacturers seeking to integrate financial data into their own products.
Is Wealthreader a public or private company?
Wealthreader is a private company. It is classified as venture growth investor backed and is currently operating.
When was Wealthreader founded?
Wealthreader was founded in 2023. It employs 11 to 50 people.
Where is Wealthreader based?
Wealthreader is headquartered in Madrid, Spain, in the Europe region.
How does Wealthreader make money?
Two revenue lines are on record. API subscription per credential is the primary driver. The others are API call overage charges.
Who are Wealthreader's main competitors?
Token.io is listed as an emerging player. Yodlee (Envestnet) is listed as a broad incumbent. Direct peers are MX Technologies, Tink, Plaid, Finleap Connect, TrueLayer, Salt Edge, Afterbanks and Akoya.
Does Wealthreader have an API?
Yes. RESTful API providing real-time access to financial data including accounts, cards, loans, investments, and wealth information from banks and asset managers globally. Supports webhook-based data delivery, OpenAPI v3 specification, and provides a JavaScript widget for frontend integration. Features token-based authentication and mock testing users. The API extends beyond PSD2 regulatory APIs by providing access to additional wealth sources not covered by regulatory mandates. Developer documentation is at docs-en.wealthreader.com.
What industry is Wealthreader in?
Wealthreader's product category is Banking Aggregation API / Open Banking Infrastructure. Its primary akta.pro industry code is FSAGACAA, Account Aggregation & Connectivity (Multi-bank linking), with a secondary code of FSAGAAAD, Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value). Its NAICS code is 52 and its SIC code is 6199.