Cofidis
Cofidis is the Spanish branch of the French consumer finance group Crédit Mutuel Alliance Fédérale, offering revolving credit (€500-€6,000), personal loans (€6,000-€60,000), Buy-Now-Pay-Later via Cofidis Pay, and insurance products to 2.8+ million Spanish retail consumers through a 100% digital channel.
- Company typePrivate
- Founded1990
- HeadquartersBarcelona, Spain
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Cofidis does
Cofidis S.A. Sucursal en España is the Spanish operating branch of Cofidis, a European consumer finance specialist owned by Crédit Mutuel Alliance Fédérale (the 4th-5th largest bank in France) and supervised by Banco de España and the European Central Bank. The company provides personal credit and ancillary insurance products to Spanish retail consumers, operating exclusively under the Cofidis brand from its registered office in Cornellà de Llobregat (Barcelona). It has been active in Spain for more than 35 years and reports 2.8+ million customers in the country, with 5,000+ employees across its broader European operations.
The product portfolio centers on two regulated credit facilities: Crédito Directo, a revolving credit line of €500-€6,000 with a fixed TIN of 21.58% (TAE 23.85%) and 18-38 month tenors, and Préstamo Personal, an installment loan of €6,000-€60,000 with tenors of 12-96 months at TIN 6.77%-12.05% (TAE 6.95%-12.76%). These are complemented by Cofidis Pay, a Buy-Now-Pay-Later service that finances purchases at partner retailers such as Amazon (0-5% management commission capped at €300 per transaction), and an insurance suite including payment protection, dental, accident, and product-specific cover (CreditAuto, CreditLine, Cofidis Pay protection). Loan origination, servicing, and fraud controls run through a 100% digital self-serve stack: the cofidis.es website, iOS/Android mobile applications with biometric authentication, and an identity/fraud infrastructure managed with Euro-Information covering ThreatMetrix behavioral analytics, Liveness Detection, OCR-based identity document verification, Iberpay bank-ownership verification, Vedacon income verification, and Bank Reader account-validity checks.
Cofidis generates revenue primarily through interest income on outstanding credit balances (both revolving and installment), supplemented by transactional fees on Cofidis Pay dispositions, ATM cash withdrawal commissions (2% with a €2 minimum), late-payment recovery fees (€20-€30 per unpaid direct debit), early-repayment commissions (0.5%-1% of prepaid capital), and recurring premiums on insurance attach products. The go-to-market model is direct-to-consumer and digital-first, supplemented by point-of-sale BNPL distribution through partner retailers and a transparency simulator that caps recommended monthly credit burden at 20% of household income to limit over-indebtedness. Customer service quality is cited as a strategic asset, with 12 consecutive ELSA awards and a 4.8/5 Google rating across 20,776 reviews.
Cofidis firmographics
Firmographics- Name
- Cofidis
- Legal name
- Cofidis S.A. Sucursal en España
- Website
- https://cofidis.es
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Cofidis is the Spanish branch of the French consumer finance group Crédit Mutuel Alliance Fédérale, offering revolving credit (€500-€6,000), personal loans (€6,000-€60,000), Buy-Now-Pay-Later via Cofidis Pay, and insurance products to 2.8+ million Spanish retail consumers through a 100% digital channel.
- Ownership category
- akta.pro rank
Cofidis industry classification
Industry- Product category
- Consumer Lending
- NAICS
- Consumer Lending (522291), Credit Card Issuing (52221), Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Co-signed & Joint Personal Loans (Unsecured Installment) (FSAKAAAJ)
- akta.pro secondary industries
- Merchant-Integrated BNPL (Online Checkout) (FSAKACAA), Buy Now, Pay Later (BNPL) (CRAFALAD)
Keywords
Where Cofidis is headquartered
LocationHeadquarters
- HQ city
- Barcelona
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Cofidis business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Interest Income (Crédito Directo - Revolving Credit): Revolving credit facility ranging from €500 to €6,000 with a fixed TIN of 21.58% and TAE of 23.85%. Customers pay monthly installments and can draw and repay flexibly within their credit limit. Interest income is generated on the outstanding balance.
- Interest Income (Préstamo Personal - Personal Loans): Fixed-term personal loans ranging from €6,000 to €60,000 with repayment periods from 12 to 96 months. Interest rates range from TIN 6.77% (TAE 6.95%) to TIN 12.05% (TAE 12.76%). Revenue is generated through interest charged on the principal balance.
- Insurance Products: Cofidis offers payment protection insurance (Seguro de Protección de Pagos), dental insurance, accident insurance, CreditAuto insurance, CreditLine protection, and Cofidis Pay protection. Insurance products are sold alongside financing products.
- Cofidis Pay (Buy Now Pay Later): Installment financing for purchases at partner retailers (e.g., Amazon). Cofidis charges a management commission of 0-5% per disposition, capped at €300 per transaction.
- ATM Cash Withdrawal Commission: 2% commission on cash withdrawals from ATMs with a minimum of €2 per transaction.
- Opening Commission: Up to 10% of the loan amount as opening commission on Cofidis loans.
- Late Payment Recovery Fees: €30 fee for unpaid direct debits on standard products; €20 for Cofidis Pay and Credit Line products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Crédito Directo - Revolving credit from €500 to €6,000 |
| Subscription | Monthly | Préstamo Personal - Personal loan from €6,000 to €60,000 |
| Transaction based/ take rate | Pay-as-you-go | Cofidis Pay - Buy Now Pay Later installment financing |
| Transaction based/ take rate | Pay-as-you-go | Late payment recovery fee |
| Transaction based/ take rate | Pay-as-you-go | ATM cash withdrawal commission |
| Transaction based/ take rate | Pay-as-you-go | Early repayment commission |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Cofidis product offering
Product offeringCore offering
Cofidis is a digital-first consumer finance company in Spain providing revolving credit (Crédito Directo, €500–€6,000), installment personal loans (Préstamo Personal, €6,000–€60,000 over 12–96 months), and a Buy Now Pay Later service (Cofidis Pay) usable at partner retailers such as Amazon. The offering is completed with payment-protection, dental, accident, CreditAuto, and CreditLine insurance products sold alongside credit. All products are accessible via a 100% online application process with immediate decision and instant disbursement to the customer's bank account.
Product overview
Cofidis operates as a European financing specialist offering a portfolio of credit and insurance products. The core offering consists of Crédito Directo (revolving credit from €500-€6,000), Préstamo Personal (installment loans from €6,000-€60,000 for larger projects such as vehicles and home improvements), and Cofidis Pay (buy-now-pay-later for retail purchases including Amazon marketplace financing). These are complemented by optional debt protection insurance products (Seguro de Protección de Pago, CreditAuto, CreditLine) and dental/accident insurance. Products are accessible via the website, mobile app, and partner retailers, with an online application process providing immediate decisions.
Differentiator
Problem solved
Functional benefit
Brands
- Cofidis Pay: Buy now pay later service for financing purchases at partner merchants.
Products and services
- Crédito Directo
Quantifiable outcome
- 100% online application process with immediate money disbursement to bank account via Instant Payment
- +3 more outcomes
Companies that use Cofidis
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Cofidis technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
Cofidis partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- AmazoncoreAmazon partnership through Cofidis Pay, enabling customers to finance purchases on Amazon in installment payments. This is a key co-branded financing partnership that drives loan volume for Cofidis.
- Confianza OnlineminorCofidis is adhered to Confianza Online for resolution of consumer disputes, providing an additional dispute resolution channel for customers.
- AUTOCONTROLminorCofidis is adhered to AUTOCONTROL for resolution of advertising-related controversies in digital advertising.
- Euro-InformationcoreEuro-Information manages Cofidis's Information System and vulnerability disclosure program. It provides cybersecurity infrastructure, fraud detection technology (ThreatMetrix, Confirma, Vedacon, Iberpay, Liveness, ORC, Bank Reader), and biometric authentication systems.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Cofidis competitors and assessment
Company assessmentEmerging players
- SeQura: Barcelona-based BNPL provider for e-commerce merchants in Iberia, competing in the same retail-financing space as Cofidis Pay but focused on online checkout integrations.
- Klarna: Global BNPL leader expanding aggressively in Spain with merchant-integrated installment financing; competes for the same e-commerce checkout slots as Cofidis Pay (e.g., Amazon).
- Affirm: US-listed BNPL platform offering point-of-sale installment loans to consumers; comparable to Cofidis Pay in product mechanics but at significantly larger scale internationally.
- ZippiPay: Spanish fintech offering BNPL and consumer credit for online and physical merchants, an emerging direct competitor to Cofidis Pay with a digital-native go-to-market.
Direct peers
- Cetelem (BNP Paribas Personal Finance): Spanish arm of BNP Paribas Personal Finance, the largest direct rival to Cofidis in Spanish consumer lending with nearly identical product mix (revolving credit, personal loans, BNPL).
- Oney (Banque Accord): French-backed BNPL and consumer credit player operating in Spain with payment-in-installments solutions and partner-retailer integrations comparable to Cofidis Pay.
- WiZink Bank: Spanish neobank specializing in revolving credit cards and consumer credit, directly overlapping with Cofidis's Crédito Directo and personal loans in Spain with a similar digital-first DTC motion.
Broad incumbents
- BBVA (Consumer Lending): Major Spanish bank offering personal loans, credit cards, and increasingly digital consumer credit via mobile channels; broad overlap with Cofidis's consumer credit product set.
- CaixaBank (Consumer Finance): Leading Spanish retail bank with personal loan and consumer finance offerings, providing scale-backed competition across Cofidis's product portfolio.
- Banco Santander (Consumer Finance): Spain's largest bank offers consumer loans and credit cards to retail customers, competing with Cofidis on personal loans while also serving as a potential retail-financing partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Cofidis social profiles
Digital presenceCofidis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cofidis leadership team
Management profileNumber of profiles
Profiles1 record
Cofidis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cofidis 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 Cofidis
What does Cofidis do?
Cofidis is a digital-first consumer finance company in Spain providing revolving credit (Crédito Directo, €500–€6,000), installment personal loans (Préstamo Personal, €6,000–€60,000 over 12–96 months), and a Buy Now Pay Later service (Cofidis Pay) usable at partner retailers such as Amazon. The offering is completed with payment-protection, dental, accident, CreditAuto, and CreditLine insurance products sold alongside credit. All products are accessible via a 100% online application process with immediate decision and instant disbursement to the customer's bank account.
Is Cofidis a public or private company?
Cofidis is a private company. It is classified as corporate owned and is currently operating.
When was Cofidis founded?
Cofidis was founded in 1990. It employs 251 to 500 people.
Where is Cofidis based?
Cofidis is headquartered in Barcelona, Spain, in the Europe region.
How does Cofidis make money?
Seven revenue lines are on record. Interest Income (Crédito Directo - Revolving Credit) is the primary driver. The others are interest Income (Préstamo Personal - Personal Loans), insurance Products, cofidis Pay (Buy Now Pay Later), ATM Cash Withdrawal Commission, opening Commission and late Payment Recovery Fees.
Who are Cofidis's main competitors?
Emerging players on record are SeQura, Klarna, Affirm and ZippiPay. Direct peers are Cetelem (BNP Paribas Personal Finance), Oney (Banque Accord) and WiZink Bank. Broad incumbents are BBVA (Consumer Lending), CaixaBank (Consumer Finance) and Banco Santander (Consumer Finance).
Does Cofidis have an API?
No public API is recorded for Cofidis.
What industry is Cofidis in?
Cofidis's product category is Consumer Lending. Its primary akta.pro industry code is FSAKAAAJ, Co-signed & Joint Personal Loans (Unsecured Installment), with a secondary code of FSAKACAA, Merchant-Integrated BNPL (Online Checkout). Its NAICS code is 522291 and its SIC code is 6141.