Openfinance
Openfinance is a Spanish WealthTech firm that builds OpenSolution, a modular wealth management platform serving private banks, brokerages, fund managers, family offices, and financial advisors across nine countries with €140B+ in managed assets. It operates as a wholly-owned subsidiary of Inversis.
- Company typePrivate
- Founded2002
- HeadquartersMadrid, Spain
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Openfinance does
Openfinance is a Spanish WealthTech company, founded in 2002 and headquartered in Madrid with an engineering center in Valencia, that builds OpenSolution — a modular wealth management platform serving private banks, brokerage firms, investment fund managers, family offices, and financial advisors across nine countries. The platform is built on a Microsoft .NET Core backend with a React-JavaScript frontend, deployed in containers via Kubernetes and Rancher, using SQL Server and MongoDB databases, Redis caching, WSO2 API Manager for integration security, and Grafana/Prometheus/ElasticSearch/Kibana for observability. Its modular architecture spans CORE (user/customer/instrument management), REPORTING (portfolio analysis), ADVICE (automated advisory with regulatory compliance), MANAGE (discretionary portfolio management), RTO (order reception and transmission), PORTAL (client web access), DASHBOARD (commercial monitoring and alerts), and ECOSYSTEM (third-party integrations), with a new AI Copilot launched in 2025 providing portfolio optimization and personalized client reporting.
The business operates a B2B enterprise SaaS model with three tiers (Essential, Evolution, Advance) priced by entity type and user count under multi-year contracts, supplemented by professional services for implementation and integration. Openfinance operates as a wholly-owned subsidiary of Inversis (Banco Inversis S.A.) following the July 2023 acquisition from SIX Group, and the parent received a strategic stake from Euroclear in 2024 to support growth and internationalization. The company reports 100+ customers managing €140B+ in assets on the platform, with pre-built connectivity to 150+ custodian institutions worldwide and ISO 27001 plus DORA Regulation certifications underpinning its regulatory positioning.
Openfinance firmographics
Firmographics- Name
- Openfinance
- Legal name
- OPEN FINANCE, S.L.
- Website
- https://openfinance.es
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Openfinance is a Spanish WealthTech firm that builds OpenSolution, a modular wealth management platform serving private banks, brokerages, fund managers, family offices, and financial advisors across nine countries with €140B+ in managed assets. It operates as a wholly-owned subsidiary of Inversis.
- Ownership category
- akta.pro rank
Openfinance industry classification
Industry- Product category
- Wealth Management Software
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access) (FSAGAEAL)
- akta.pro secondary industries
- Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM), Open Finance Expansion (investments, pensions, insurance, utilities data) (FSAGACAK), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)
Keywords
Where Openfinance is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Openfinance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- SaaS Subscription (OpenSolution): OpenSolution is offered as a modular SaaS platform with three tiers: Essential (standard product, standard integration, multi-entity environment), Evolution (custom adaptations, personalized integration, individual environment, advanced support), and Advance (custom adaptations with dedicated infrastructure). Pricing is based on entity type (Financial Advisor/Family Office, Bank/Insurance/Pension Plan Administrator, Fund Manager/Brokerage Firm) and user count (3-24, 25-150, 150+ users).
- Implementation and Integration Services: Custom integration and implementation services bundled with Evolution and Advance plans, including data migration, API integration with third-party systems, and workflow customization
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Essential: Standard product with standard integration, multi-entity environment, and standard service and support level |
| Subscription | Multi-year contract | Evolution: Custom adaptations, personalized integration, individual environment, and advanced service and support level |
| Subscription | Multi-year contract | Advance: Custom adaptations with dedicated infrastructure and advanced capabilities |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Openfinance product offering
Product offeringCore offering
Openfinance builds and sells OpenSolution, a modular SaaS wealth management platform that covers the full asset management lifecycle through CORE, REPORTING, ADVICE, MANAGE, RTO, PORTAL, DASHBOARD, and ECOSYSTEM modules. The platform is offered to financial institutions in three tiers (Essential, Evolution, Advance) and is complemented by an AI Copilot for portfolio optimization, multi-custodian aggregation across 150+ institutions, and bundled implementation and integration services.
Product overview
Openfinance offers OpenSolution, a modular wealth management platform designed for the asset management industry. The platform operates on a core-plus-modules architecture consisting of CORE (user/customer/instrument management), REPORTING (portfolio analysis and reporting), ADVICE (automated advisory with compliance), MANAGE (discretionary portfolio management), PORTAL (customer web portal), RTO (order management), DASHBOARD (commercial monitoring and alerts), and ECOSYSTEM (third-party integrations). The platform is offered in three tiers: Essential (standard), Evolution (customized), and Advance (dedicated infrastructure). An AI Copilot feature provides portfolio optimization and customized reporting. The solution targets Private Banking, Brokerage Firms, Investment Fund Managers, Family Offices, and Financial Advisors across 9 countries.
Differentiator
Problem solved
Functional benefit
Brands
- OpenSolution: Modular wealth management platform covering the full investment lifecycle including CORE, REPORTING, ADVICE, MANAGE, RTO, DASHBOARD, and PORTAL modules, plus the Ecosystem module integrating third-party services.
- Copilot
Products and services
- OpenSolution
Quantifiable outcome
- 140B+ EUR in assets managed on the platform
- +3 more outcomes
Companies that use Openfinance
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles5 records
Openfinance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability4 records
Feature9 records
Openfinance partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Openfinance competitors and assessment
Company assessmentDirect peers
- Profile Software: Profile Software is a Greek-headquartered wealth and asset management software vendor offering platforms for private banking, brokerage, and fund management. Highly comparable to Openfinance in target customer base (private banks, brokerage firms, family offices) and modular platform architecture.
- InvestCloud: InvestCloud provides a digital wealth management platform for financial advisors, private banks, and asset managers with multi-custodian aggregation and AI-driven advisory features. Direct competitor to Openfinance's OpenSolution platform with similar modular architecture and enterprise SaaS delivery.
- CREALOGix: CREALOGix is a Swiss-headquartered wealth and digital banking software vendor offering advisory, portfolio management, and client portal solutions to private banks and wealth managers in Europe. Comparable in regional focus, modular platform structure, and target customer base.
- Odyssey Financial Technologies: Odyssey Financial Technologies is a Luxembourg-based wealth management software vendor offering modular platforms for private banks, asset managers, and family offices in Europe. Directly comparable in target segments, modular architecture, and European wealth management focus.
Broad incumbents
- Avaloq: Avaloq (acquired by NEC) is a large Swiss wealth management platform provider serving private banks and wealth managers globally. Comparable as a modular core banking/wealth platform targeting the same private banking and asset management customer segments, though at significantly larger scale.
- FNZ Group: FNZ is a global wealth platform serving financial institutions with end-to-end wealth management technology including advisory, portfolio management, custody aggregation, and client portals. Competes with OpenSolution in the same institutional wealth management RFPs, especially for multi-custodian aggregation and client portal capabilities.
- Temenos: Temenos is a major banking software vendor with wealth management capabilities as part of a broader banking suite. Overlaps with Openfinance in serving banks, brokerage firms, and wealth managers, but addresses a wider product portfolio including core banking.
- SS&C Advent (Geneva/Advent): SS&C Advent provides portfolio management, accounting, and reporting solutions to asset managers, hedge funds, and family offices globally. Competes with OpenSolution's REPORTING and MANAGE modules for the asset management and family office segments.
- SEI Investments (SEI Wealth Platform): SEI's Wealth Platform serves private banks, independent advisors, and investment managers with end-to-end wealth management technology including advisor workstations, portfolio management, and custody integration. Comparable business model and target customers to Openfinance, though at much larger scale.
Emerging players
- Backbase: Backbase is a digital banking and wealth engagement platform with client portal, onboarding, and advisory tooling. Overlaps with Openfinance's PORTAL, digital onboarding, and ADVICE modules, particularly in the digital client experience layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Openfinance social profiles
Digital presenceOpenfinance compliance and trust
Trust signalCompliance2 records
Openfinance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Openfinance leadership team
Management profileNumber of profiles
Profiles2 records
Openfinance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Openfinance 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 Openfinance
What does Openfinance do?
Openfinance builds and sells OpenSolution, a modular SaaS wealth management platform that covers the full asset management lifecycle through CORE, REPORTING, ADVICE, MANAGE, RTO, PORTAL, DASHBOARD, and ECOSYSTEM modules. The platform is offered to financial institutions in three tiers (Essential, Evolution, Advance) and is complemented by an AI Copilot for portfolio optimization, multi-custodian aggregation across 150+ institutions, and bundled implementation and integration services.
Is Openfinance a public or private company?
Openfinance is a private company. It is classified as corporate owned and is currently operating.
When was Openfinance founded?
Openfinance was founded in 2002. It employs 51 to 100 people.
Where is Openfinance based?
Openfinance is headquartered in Madrid, Spain, in the Europe region.
How does Openfinance make money?
Two revenue lines are on record. SaaS Subscription (OpenSolution) is the primary driver. The others are implementation and Integration Services.
Who are Openfinance's main competitors?
Direct peers on record are Profile Software, InvestCloud, CREALOGix and Odyssey Financial Technologies. Broad incumbents are Avaloq, FNZ Group, Temenos, SS&C Advent (Geneva/Advent) and SEI Investments (SEI Wealth Platform). Backbase is listed as an emerging player.
Does Openfinance have an API?
Yes. OpenSolution offers microservices architecture with APIs that enable integration and processing of large data volumes from multiple sources. The platform includes a fully API-driven backend (API Manager WSO2) that protects confidentiality, integrity, and availability of information centrally. Independent services can be updated, modified, or added without affecting the rest of the solution, providing an agile and adaptable platform. Developer documentation is at openfinance.es/index.php/en/technology-integration.
What industry is Openfinance in?
Openfinance's product category is Wealth Management Software. Its primary akta.pro industry code is FSAGAEAL, Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access), with a secondary code of FSAAABAM, Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs). Its NAICS code is 523940 and its SIC code is 7372.