Analistas Financieros Internacionales

What Analistas Financieros Internacionales does

Analistas Financieros Internacionales (Afi) is an independent, privately-held financial and economics consultancy group founded in Madrid in 1987 by a group of academics. The firm employs nearly 300 professionals and delivers a multi-line professional services portfolio spanning analysis and studies, corporate finance advisory, financial and risk consulting, regulatory compliance and risk control, ESG and sustainability advisory, strategy and transformation, quantitative finance, public finance advisory, and digital solutions. Afi also operates executive education through Afi Global Education (with a Mexico-based affiliate), regulated collective investment management through Afi Inversiones Globales SGIIC, research publication through Afi Research and the long-running Empresa Global magazine, senior-care economics via the Afi Seniors subsidiary and the Residencias Transparentes data application, and a foundation (Fundación Afi) for knowledge dissemination. Its customer base is concentrated in Spain and Europe with selective Latin American exposure, serving public administrations, credit institutions, insurance companies, enterprises, supervisors and regulators, financial advisors, high net worth individuals and family offices, and international organizations.

The group's commercial model is sales-led B2B professional services delivered through consulting mandates, advisory engagements, executive education programs, and recurring asset management fees, with pricing structured via custom quotes for institutional clients rather than publicly disclosed rates. Afi pursues content-driven demand generation through Insights newsletters, the Empresa Global monthly magazine, Flash de Mercados video episodes, events, and earned media in outlets such as El País and El Español. R&D and technology investment include an EU FEDER co-funded "Sistema de valoración integral" project (2025-2026, €1.08M total) building a real-time financial asset valuation and risk measurement platform on advanced mathematical modeling and large-scale market data processing, as well as big-data applications such as Residencias Transparentes for the senior living sector. The firm is controlled by its founding principals/management with no disclosed parent, private equity, or venture capital ownership.

Name

Analistas Financieros Internacionales

Legal name

Analistas Financieros Internacionales SA

Website

https://afi.es

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Analistas Financieros Internacionales (Afi) is an independent Madrid-based financial and economics consultancy, founded in 1987, with ~300 professionals serving Spanish public administrations, banks, insurers, regulators, enterprises, and HNW clients across consulting, corporate finance, executive education, investment management, and research.

Ownership category

akta.pro rank

Product category

Financial Consulting Services

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Finance and Insurance (52)

SIC

Services-Engineering, Accounting, Research, Management (8700), Investment Advice (6282)

akta.pro primary industry

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

akta.pro secondary industries

Financial Crime, AML/CFT & Sanctions Compliance (BPAHAFAE), ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK), Financial Accounting & Reporting (GAAP/IFRS) (EDABAJAB), Financial Data, Analytics & FinTech Tools (BI, ERP, Automation) (EDABAJAM), Outsourced Finance & CFO Services (BPAHABAE)

Keywords

• Financial consulting
• Corporate finance advisory
• Investment management
• Regulatory compliance
• Executive education

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Consulting Services: Professional consulting services including financial and risk consulting, regulatory compliance, ESG and sustainability advisory, strategy and transformation, and quantitative finance
2. Corporate Finance: Corporate finance advisory services for transactions and financial restructuring
3. Training and Education: Professional training programs and executive education in finance, economics, and digital skills through Afi Global Education
4. Investment Management and Advisory: Investment management and advice services through Afi Inversiones Globales, SGIIC

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Analistas Financieros Internacionales (Afi) is an independent financial and economics consultancy group providing professional services including financial and risk consulting, corporate finance advisory, regulatory compliance, ESG and sustainability advisory, quantitative finance, public finance, strategy and transformation, and digital solutions. The group also delivers executive training through Afi Global Education and investment management services through Afi Inversiones Globales, SGIIC. It serves financial institutions, public administrations, insurance companies, enterprises, family offices, and regulators primarily in Spain, Europe, and Latin America.

Product overview

Afi is an independent financial and economics consultancy group founded in 1987, offering a comprehensive portfolio of professional services organized around core consulting practices including Analysis and Studies, Corporate Finance, Training (Afi Global Education), Investment Management and Advice, Digital Solutions, Financial and Risk Consulting, Regulatory Compliance, ESG and Sustainability, Strategy and Transformation, Quantitative Finance, and Public Finance. The group operates several specialized sub-brands including Afi Global Education (executive education), Afi Inversiones Globales SGIIC (investment management), Afi Research (market research), and Accedia (financial advisory). Afi also publishes the Empresa Global magazine and delivers Insights newsletters and Flash de Mercados video series. A notable initiative is the EU co-funded Sistema de valoración integral project for financial asset valuation. The group serves diverse clients including public administrations, financial institutions, insurance companies, high net worth individuals, and international organizations.

Differentiator

Problem solved

Functional benefit

Brands

• Afi Insights: Knowledge center providing filtered insights and newsletter subscriptions on finance and economics topics.
• Empresa Global
• Afi Global Education
• Afi Research
• Afi Inversiones Globales

Products and services

• Análisis y estudios Research and analysis services covering financial, economic, and market studies for institutional and corporate clients.
• Corporate Finance Advisory services for corporate finance transactions, mergers, acquisitions, and strategic financial decisions for corporate clients.
• Formación Training and professional education programs for executives and financial professionals.
• Gestión y asesoramiento en inversiones Investment management and advisory services for institutional and individual clients through Afi Inversiones Globales, SGIIC.
• Soluciones digitales Digital solutions and technology consulting for financial services transformation.
• Consultoría financiera y de riesgos Financial and risk consulting services for banking, insurance, and financial institutions.
• Cumplimiento normativo y control de riesgos Regulatory compliance and risk control advisory services for financial institutions.
• ESG y Sostenibilidad Environmental, social, and governance (ESG) consulting and sustainability advisory services.
• Estrategia y transformación Strategy and business transformation consulting services for financial and corporate clients.
• Finanzas Cuantitativas Quantitative finance modeling and analytics services for financial institutions.
• Finanzas Públicas Public finance advisory services for government entities and public administrations.
• Regulatorio Financiero Financial regulation advisory services for compliance with banking and securities regulations.
• Afi Global Education Executive education and professional training programs in economics, finance, and leadership delivered through a wholly-owned subsidiary.
• Afi Inversiones Globales, SGIIC Investment management company (SGIIC licensed) specializing in global investments, offered through a wholly-owned subsidiary.
• Afi Research Research and market analysis division producing reports on macroeconomics, banking, and financial markets.
• Residencias Transparentes Application using big data and economic analysis to enhance transparency in the senior living/residences sector.

Named customers7 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• Madrid Audiovisual ClusterminorStrategic or Co-development PartnerCollaboration in the Observatory of Audiovisual Madrid, promoted by the Audiovisual Cluster of Madrid, developed with the collaboration of the Community of Madrid and Madrid City Council
• IberdrolaminorStrategic or Co-development PartnerJoint report 'La Tercera modernización de la Economía Española' produced with support from Iberdrola

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Alantra: Spanish-headquartered independent financial advisory and asset manager with Investment Banking, Credit Portfolio Advisory, and Asset Management divisions; closely mirrors Afi's combination of corporate finance advisory and SGIIC-licensed investment management.
• Arcano Partners: Independent Spanish financial advisory and asset management firm offering M&A advisory, debt advisory, asset management, and research — directly comparable to Afi's consulting, corporate finance, and SGIIC investment management practices within the Spanish market.
• Renta 4 Banco: Spanish bank specializing in brokerage, asset management, and wealth advisory for retail, HNW, and institutional clients — closely comparable to Afi Inversiones Globales, SGIIC and the HNW/family office segment.
• ESADE: Barcelona-based business school with Executive Education programs in finance, risk, and leadership — competes with Afi Global Education for corporate-sponsored executive training mandates in Spain.
• IE University: Madrid-headquartered university with IE Business School and executive education programs in finance and economics — directly comparable to Afi Global Education for Spanish and LatAm executive education in finance.

Broad incumbents

• Deloitte: Big 4 firm with large Financial Services, Risk & Regulatory, and ESG advisory practices serving banks, insurers, and public administrations globally; competes with Afi for the same institutional clients but at materially greater scale and international reach.
• McKinsey & Company: Global strategy consultancy with a dedicated Banking & Insurance practice that competes with Afi's strategy & transformation, regulatory, and ESG advisory work for supervisors and large financial institutions.
• PwC: Big 4 firm offering financial services consulting, risk and compliance, deals advisory, and ESG services — overlapping with most of Afi's consulting and corporate finance practices, especially for European banking and insurance clients.
• Oliver Wyman: Global management consultancy specializing in financial services strategy, risk, and operations — directly competes with Afi's strategy & transformation, risk consulting, and quantitative finance offerings for large European financial institutions.

Regional players

• JB Capital Markets: Independent Spanish investment banking boutique focused on mid-market M&A and equity capital markets — directly comparable to Afi's Corporate Finance advisory practice for Spanish transactions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/afi_es
• YouTubeyoutube.com/user/afichannel
• LinkedInlinkedin.com/company/analistas-financieros-internacionales
• Facebookfacebook.com/Afi.com.es

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Analistas Financieros Internacionales