Indexa Capital
- Company typePublic
- Founded2015
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2C
- OfferingServices
Indexa Capital firmographics
Firmographics- Name
- Indexa Capital
- Legal name
- Indexa Capital AV, SA
- Website
- https://indexacapital.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Indexa Capital industry classification
Industry- Product category
- Automated Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Investment Management Advisory (RIA) (FSAEAAAB)
- akta.pro secondary industries
- Execution-Only / Self-Directed Investing Platforms (FSAAAAAI), Multi-Asset ETFs & Index Allocation Funds (FSAAAJAB)
Keywords
Where Indexa Capital is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Indexa Capital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Discretionary Portfolio Management Fees: Indexa Capital AV charges management fees for discretionary portfolio management services. Fees average approximately 0.338% annually on assets under management. This stream represents 97% of group revenue. The subsidiary Indexa Capital AV surpassed €10 million in annualized recurring revenue in March 2026.
- Private Markets Fund Management: Indexa Capital Group, via Bewater Funds, launched 'Indexa Mercados Privados 2026 FCR', a closed-ended venture capital fund of funds targeting up to €40 million. The fund targets 11.2% net annual return with management fees of 0.25%–0.75% plus 0.15% other costs. Minimum investment €5,000 for professional investors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Indexa Fund Portfolios — management fee averaging 0.338% per year |
| Subscription | Quarterly | Custodian bank fees averaging 0.093% per year |
| Subscription | Quarterly | Underlying index fund costs averaging 0.096% per year (TER) |
| Subscription | Annual | Private markets fund (Indexa Mercados Privados 2026 FCR): 0.25%–0.75% management fee + 0.15% other costs |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
Indexa Capital product offering
Product offeringCore offering
Indexa Capital provides automated discretionary portfolio management for retail investors, building globally diversified portfolios of low-cost index funds and ETFs tailored to each client's risk profile (0-10 scale). The service automates portfolio selection, investment execution, ongoing monitoring, systematic rebalancing, and tax-loss harvesting for fund portfolios, pension plans, employment pensions, money market funds, remunerated savings, and life insurance, with assets held in segregated custody at Cecabank or Inversis.
Product overview
Indexa Capital operates as an independent automated portfolio manager offering a suite of investment products centered on low-cost indexed investing. The core offering is the discretionary mutual fund portfolio service (Cartera de fondos), which accounts for 80% of clients and provides globally diversified portfolios of index funds with automated rebalancing and tax optimization. Complementary products include pension plans (EPSV and individual plans managed by Caser), a money market fund (Cartera 0), a savings account through A&G Banco, employment pension plans, and life insurance. The company also offers a private markets fund of funds (Indexa Mercados Privados 2026 FCR) through its Bewater Funds subsidiary for professional investors seeking alternative asset exposure.
Differentiator
Problem solved
Functional benefit
Products and services
- Cartera de fondos (Mutual Fund Portfolios) Discretionary management of globally diversified indexed mutual fund portfolios personalized on a 0-10 risk profile, with automated construction, rebalancing, and tax optimization. Average total cost 0.527% annually. Minimum investment €1,000. Available to EU/UK/Andorra/Iceland/Norway/Switzerland residents.
- Cartera de planes de pensiones y EPSV (Pension Plans) Indexed individual pension plans and Basque Country EPSV plans with the lowest commissions in Spain, global diversification, and automatic rebalancing. Minimum investment €50. Managed by Caser Pensiones, advised by Indexa.
- Fondo monetario / Cartera 0 (Money Market Fund) Money market investment fund acting as a security cushion for cash holdings within the broader portfolio service, currently offering approximately 1.7% net annualized returns.
- Cuenta remunerada (Remunerated Savings Account) Savings account indexed to the ECB deposit rate minus 0.5 percentage points (currently 1.75%), with no lock-up period, no fees or commissions. For clients aged 18-85, minimum €10,000, maximum €450,000. Managed through A&G Banco.
- Plan de pensiones de empleo (Employment Pension Plans) Online-contractable indexed employment pension plans for self-employed professionals and companies, with global diversification and low commissions.
- Seguro de vida (Life Insurance) Life insurance with competitive premiums, simple online application without medical examination, underwritten by CNP Assurances or Caser Seguros.
- Indexa Mercados Privados 2026 FCR Closed-ended venture capital fund of funds offering professional investors diversified exposure to private equity (70%), private debt (20%), and infrastructure (10%). Target size up to €40 million, 11.2% target net annual return, management fees 0.25%-0.75% plus 0.15% costs, minimum €5,000 (€10,000 for qualifying Indexa clients). Distributed via Bewater Funds.
Companies that use Indexa Capital
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Indexa Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
Indexa Capital partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Bewater Asset Management / Bewater FundscoreBewater Asset Management launched Indexa Mercados Privados 2026 FCR, Indexa Capital Group's first private markets fund of funds, targeting up to €40 million with diversified exposure to private equity (70%), private debt (20%), and infrastructure (10%). The closed-ended venture capital fund targets an 11.2% net annual return.
- Caravel (France)coreIndexa Capital Group acquired 100% of French insurance broker Caravel in March 2024 to expand and accelerate growth in France. Caravel specializes in retirement savings products and managed assets for nearly 2,000 clients. The acquisition added 1,900 clients and €7.5 million in AUM. Indexa plans further acquisitions in Spain, France, or Belgium.
- CecabankcoreCecabank serves as one of two available custodian and depository banks for Indexa client assets. It is the principal Spanish custodian with over €310 billion in assets under custody and a CET1 ratio of 42.8% (December 2024). Client funds are held in segregated accounts at Cecabank, outside Cecabank's balance sheet.
- Inversis Banco (Banca March group)coreInversis Banco serves as one of two available custodian banks for Indexa client assets. It is one of the main Spanish custodian banks and a subsidiary of Banca March, with a CET1 ratio of 21.9% (December 2024). Inversis is in the process of being acquired by Euroclear.
- Caser Pensiones EGFPcoreCaser Pensiones is the pension plan manager for Indexa's individual pension plans and EPSV products. It is among the 15 largest pension plan managers in Spain. Plans are deposited with Cecabank and advised by Indexa Capital AV.
- Caser Seguros (Grupo Helvetia)minorCaser Seguros provides life insurance products through Indexa's platform and is one of the top 10 insurers in Spain, part of the Swiss Helvetia Group. Life insurance is also insured by CNP Assurances S.A., one of Europe's 10 largest insurance groups.
- CNP Assurances S.A.minorCNP Assurances S.A., one of Europe's 10 largest insurance groups, provides life insurance coverage for Indexa clients as an alternative or complement to Caser Seguros.
- A&G BancominorA&G Banco specializes in private banking and manages the remunerated savings account offered through Indexa. A&G has a CET1 ratio of 31.2% (December 2024), well above the Spanish banking sector average of 12.6%.
- Grant ThorntonminorGrant Thornton, the seventh largest auditor globally, serves as Indexa Capital's external auditor. Indexa also maintains a solvency ratio of 139% (above the minimum 100% requirement) as of December 31, 2025.
- Vanguard, iShares (BlackRock), State Street Global Advisors (SSGA)coreIndexa Capital's managed portfolios are primarily invested in physical replication index funds from Vanguard, iShares, and SSGA. These fund providers are selected based on liquidity, low cost, and quality of index tracking. The company only uses physical replication funds, not synthetic ones.
Scale indicators16 records
Recent moves7 records
Expansion highlights6 records
Indexa Capital competitors and assessment
Company assessmentMarket position
Competitive moat7 records
Key highlights7 records
Customer concentration
Indexa Capital social profiles
Digital presenceIndexa Capital compliance and trust
Trust signalCompliance1 record
Indexa Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Indexa Capital leadership team
Management profileNumber of profiles
Profiles5 records
Indexa Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Indexa Capital funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Indexa Capital M&A and investment
M&A and investmentM&A1 record
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Indexa Capital
What does Indexa Capital do?
Indexa Capital provides automated discretionary portfolio management for retail investors, building globally diversified portfolios of low-cost index funds and ETFs tailored to each client's risk profile (0-10 scale). The service automates portfolio selection, investment execution, ongoing monitoring, systematic rebalancing, and tax-loss harvesting for fund portfolios, pension plans, employment pensions, money market funds, remunerated savings, and life insurance, with assets held in segregated custody at Cecabank or Inversis.
Is Indexa Capital a public or private company?
Indexa Capital is a public company. It is classified as public and is currently operating.
When was Indexa Capital founded?
Indexa Capital was founded in 2015. It employs 11 to 50 people.
Where is Indexa Capital based?
Indexa Capital is headquartered in Madrid, Spain, in the Europe region.
How does Indexa Capital make money?
Two revenue lines are on record. Discretionary Portfolio Management Fees are the primary driver. The others are private Markets Fund Management.
Does Indexa Capital have an API?
Yes. Indexa Capital offers a REST API (v1.6) accessible at api.indexacapital.com that enables developers to integrate with their investment platform. The API provides endpoints for: Authentication (user authentication via JWT tokens), Questionnaire (risk profile calculation), Profile management (create/update investment profiles), User management (account holders), Account operations (balances, holdings, transactions, transfers, contributions, cash requests, performance, portfolio, documents, invoices), Plans (historical returns, model portfolios), and Stats (performance, volume). Authentication uses JWT_PLATFORM tokens. The API supports mutual fund accounts (type: 'mutual') and pension accounts (type: 'pension'). Developer documentation is at api.indexacapital.com.
What industry is Indexa Capital in?
Indexa Capital's product category is Automated Wealth Management. Its primary akta.pro industry code is FSAEAAAB, Investment Management Advisory (RIA), with a secondary code of FSAAAAAI, Execution-Only / Self-Directed Investing Platforms. Its NAICS code is 523940 and its SIC code is 6282.