Allfunds
Allfunds is a Spain-based B2B wealthtech platform, regulated as a credit institution, that connects over 3,300 fund groups with more than 900 distributor contracts across 66 countries, supporting €1.76 trillion in assets under administration as of December 2025 through its Allfunds Connect SaaS portal and Allfunds Blockchain tokenization infrastructure.
- Company typePublic
- Founded2000
- HeadquartersAlcobendas, Spain
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Allfunds does
Allfunds Group plc is a Spain-headquartered (Alcobendas/Madrid) B2B wealthtech platform founded in 2000 that operates the largest digital ecosystem connecting fund distributors (private banks, insurance companies, wealth managers, independent financial advisors, and custodian banks) with fund houses (asset managers). As of December 2025, the platform supported €1.76 trillion in assets under administration, connected over 3,300 fund groups through more than 900 distributor contracts across 66 countries, and was operated by a workforce of 1,109 employees. Allfunds is regulated as a credit institution in multiple jurisdictions (Bank of Spain, ECB, CNMV, FCA/PRA, ACPR/AMF, MAS, FINMA, CSSF, among others) and listed on Euronext Amsterdam (AMS: ALLFG) since April 2021.
The core technology stack comprises Allfunds Connect (a SaaS-enabled subscription portal offering modular tools for dealing, execution, custody, settlement, administration, ESG, data analytics, and compliance), Allfunds Blockchain (a permissioned blockchain platform built on ConsenSys Quorum, with bridges to public Solana infrastructure via ioBuilders/Asseto for tokenized fund distribution), and the Alchelyst×Allfunds Blockchain API enabling straight-through processing for private markets. Adjacent product lines include the Alternatives platform, the 2026-launched ETF Platform, Telemetrics market intelligence, and Investment Solutions outsourcing. Revenue is generated through subscription fees for Allfunds Connect, transaction and intermediation fees on distributed AuA, and value-added services, following a "buy-free" model for core services. FY2025 net revenue was €639 million on a constant perimeter (+4.8% YoY), adjusted EBITDA margin was 67.9%, and normalised free cash flow was €247 million. Deutsche Börse Group has signed a binding agreement to acquire Allfunds for €5.3 billion (€8.80 per share), approved by 99.9% of shareholders in March 2026 and expected to close in H1 2027.
Allfunds firmographics
Firmographics- Name
- Allfunds
- Legal name
- Allfunds Bank, S.A.U.
- Website
- https://allfunds.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Allfunds is a Spain-based B2B wealthtech platform, regulated as a credit institution, that connects over 3,300 fund groups with more than 900 distributor contracts across 66 countries, supporting €1.76 trillion in assets under administration as of December 2025 through its Allfunds Connect SaaS portal and Allfunds Blockchain tokenization infrastructure.
- Ownership category
- akta.pro rank
Where Allfunds is headquartered
LocationHeadquarters
- HQ city
- Alcobendas
- HQ country
- Spain
- HQ region
- Europe
Offices14 records
Markets served
Allfunds business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Subscription (Allfunds Connect): SaaS-enabled subscription portal providing access to modular digital tools for distributors and fund houses. Revenue from subscription fees for platform access.
- Distribution/Intermediation Fees: Fees charged to fund houses based on intermediated and distributed assets under administration (AuA). This represents the core transaction-based revenue.
- Value-Added Services: Additional services including ESG, data analytics, compliance tools, and custom digital solutions that complement core distribution services.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Allfunds product offering
Product offeringCore offering
Allfunds operates the world's largest B2B wealthtech platform connecting over 3,300 fund groups with more than 900 distributor contracts across 66 countries, supporting €1.76 trillion in assets under administration. Its core offering combines a "buy-free" model for trading, dealing, custody, settlement and administration with subscription-based modular tools (Allfunds Connect), proprietary blockchain infrastructure for tokenized fund distribution (Allfunds Blockchain), private markets access (Alternatives), ETF distribution, and outsourced Investment Solutions for banks, wealth managers and institutional investors.
Product overview
Allfunds operates as a leading global B2B wealth management platform providing an integrated, one-stop-shop ecosystem. The core platform is Allfunds Connect, a SaaS-enabled subscription-based portal through which Distributors (financial institutions, banks, wealth managers) and Fund Houses (asset managers) access modular digital tools. The offering combines a buy-free model for core trading, dealing, custody, settlement and administration services with fee-based Value-Added Services (VAS) including ESG, data analytics, compliance, and custom digital solutions. Key platform components include: Allfunds Blockchain for tokenized fund distribution; Telemetrics for market intelligence; Alternatives for private markets access; and the ETF Platform. The platform connects over 3,300 fund groups with more than 900 distributor contracts across 66 countries, supporting €1.76 trillion in assets under administration.
Differentiator
Problem solved
Functional benefit
Brands
- Allfunds Connect: SaaS-enabled subscription-based portal providing Distributors and Fund Houses access to modular digital tools for fund distribution
- Allfunds Blockchain
- Telemetrics
- Allfunds ETF Platform
Quantifiable outcome
- Platform service net flows of €120.6 billion in FY2025, up 18.3% YoY
- +2 more outcomes
Companies that use Allfunds
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Allfunds technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Allfunds partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Solana FoundationcoreAllfunds expanded its tokenized fund distribution to Solana blockchain, enabling asset managers to access new distribution channels while maintaining connectivity to institutional networks.
- ioBuilders (Asseto Platform)coreioBuilders' Asseto platform acts as the integration layer linking Allfunds Blockchain with on-chain environments, enabling issuance and lifecycle management of tokenized funds in line with institutional requirements.
- AlchelystcorePartnership introducing Alchelyst×Allfunds Blockchain API, an API-driven permissioned blockchain integration replacing manual transfer agency order processing with straight-through processing for private markets distribution.
- Hamilton LanecoreHamilton Lane partnered with Allfunds Blockchain and Apex Group to launch a tokenized share class for Hamilton Lane's Global Private Assets (GPA) evergreen fund, enabling private equity exposure through blockchain technology.
- ConsenSyscoreAllfunds Blockchain partnered with ConsenSys to drive blockchain technology adoption in the financial sector, combining Allfunds Blockchain's Technical Solutions with ConsenSys Quorum enterprise Ethereum protocol to reduce processing and settlement times.
- ArdianmajorArdian expanded distribution of its Access Evergreen Strategies through Allfunds and other global fund platforms including Clearstream and Euroclear Fundsplace.
- iCapitalmajoriCapital partnered with Ardian to distribute private markets strategies through Allfunds and other global fund platforms.
- MSCIcoreStrategic collaboration enabling Allfunds' clients to access MSCI's market-leading data and advanced analytical capabilities for identifying investment opportunities, managing risk, and complying with regulatory requirements.
- Apex GroupcoreStrategic collaboration to fully digitize the operating model for alternative investment funds utilizing blockchain technology, enhancing operational efficiency, transparency, and real-time execution.
- Web Financial GroupmajorAcquired by Allfunds for €145 million to enhance digital and data capabilities, expand market presence in Europe, and onboard 91 WebFG employees.
- instiHub Analytics LimitedminorAcquired to enhance Allfunds' data and analytics capabilities, complementing existing product range including market intelligence tool Telemetrics.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
Allfunds competitors and assessment
Company assessmentEmerging players
- Securitize: Tokenization platform issuing and distributing tokenized funds on public blockchains, intersecting with Allfunds Blockchain's tokenized fund distribution initiatives.
- Moonfare: Digital platform democratizing access to private-equity funds, intersecting with Allfunds' private-markets distribution ambitions for wealth clients.
Broad incumbents
- FNZ: Global wealth-management platform providing fund access, administration and technology to financial institutions, overlapping Allfunds' platform and distribution model.
- SS&C Technologies: Large provider of fund administration, transfer agency and wealth-tech software, offering overlapping fund-operations capabilities to asset managers and distributors.
- Euroclear FundsPlace: Fund order routing, settlement and distribution services within a large post-trade infrastructure group, overlapping Allfunds' core dealing/settlement and distribution offering.
- Clearstream Fund Services: Deutsche Börse's fund processing, custody and distribution unit (and the acquirer's combination partner) offering competing fund order-routing and settlement infrastructure.
Direct peers
- Calastone: Global funds transaction network connecting distributors and asset managers for order routing, settlement and dealing—directly comparable to Allfunds' fund-distribution and STP infrastructure.
- iCapital: Technology platform providing access to and distribution of alternative/private-markets funds for wealth managers, overlapping Allfunds' fast-growing Alternatives platform.
- MFEX (Euroclear): B2B mutual-fund distribution platform connecting fund houses and distributors across Europe and Asia, competing head-to-head with Allfunds in open-architecture fund distribution.
Regional players
- Hargreaves Lansdown: UK fund supermarket/investment platform distributing funds and ETFs; comparable in fund distribution but largely direct-to-consumer and UK-focused rather than B2B global.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Allfunds social profiles
Digital presenceAllfunds compliance and trust
Trust signalCompliance11 records
Allfunds financial estimates
Financial estimateRevenue estimate
Valuation estimate
Allfunds leadership team
Management profileNumber of profiles
Profiles13 records
Allfunds subsidiaries and ownership
Company hierarchySubsidiaries3 records
Allfunds funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Allfunds M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Allfunds
What does Allfunds do?
Allfunds operates the world's largest B2B wealthtech platform connecting over 3,300 fund groups with more than 900 distributor contracts across 66 countries, supporting €1.76 trillion in assets under administration. Its core offering combines a "buy-free" model for trading, dealing, custody, settlement and administration with subscription-based modular tools (Allfunds Connect), proprietary blockchain infrastructure for tokenized fund distribution (Allfunds Blockchain), private markets access (Alternatives), ETF distribution, and outsourced Investment Solutions for banks, wealth managers and institutional investors.
Is Allfunds a public or private company?
Allfunds is a public company. It is classified as public and is currently operating.
When was Allfunds founded?
Allfunds was founded in 2000. It employs 1,001 to 5,000 people.
Where is Allfunds based?
Allfunds is headquartered in Alcobendas, Spain, in the Europe region.
How does Allfunds make money?
Three revenue lines are on record. Platform Subscription (Allfunds Connect) is the primary driver. The others are distribution/Intermediation Fees and value-Added Services.
Who are Allfunds's main competitors?
Emerging players on record are Securitize and Moonfare. Broad incumbents are FNZ, SS&C Technologies, Euroclear FundsPlace and Clearstream Fund Services. Direct peers are Calastone, iCapital and MFEX (Euroclear). Hargreaves Lansdown is listed as a regional player.
Does Allfunds have an API?
No public API is recorded for Allfunds.