afín SGR
afín SGR is a non-profit mutual guarantee society that provides financial guarantees to SMEs, autónomos, and microenterprises in Spain's Valencian Community. Founded in 1981, it partners with 17+ banks and public institutions to facilitate member access to bank financing and subsidized loan programs.
- Company typePrivate
- Founded1981
- HeadquartersValencia, Spain
- Headcount11–50
- GTM typeB2B
- OfferingServices
What afín SGR does
afín SGR (Sociedad de Garantía Recíproca de la Comunitat Valenciana) is a non-profit mutual guarantee society founded in 1981 and headquartered in Valencia, Spain. It provides financial guarantees (avales) and guarantee-backed loan products to SMEs, autónomos, and microenterprises in the Valencian Community, enabling members to access bank financing they would otherwise be denied or charged higher rates for. The product set spans the ICO-AFÍN EXPORT trade loan, the 0% DANA disaster-recovery loan, the 100% LTV Préstamo Inmueble, the automated Préstamo Autónomo Exprés, technical bonds for public tenders, and general investment and working-capital lines distributed through a network of 17+ partner banks and public financiers (ICO, IVF, CERSA).
The business model is commission-based: Afín SGR charges guarantee fees on each formalized aval, earning recurring fee income on its €684.23M live portfolio. As a member-owned, regulated SGR (Banco de España code 9.813, solvency coefficient 17.55% vs. an 8% minimum), it allocates all profits to the Technical Provisions Fund (Fondo de Provisiones Técnicas), which stood at €19.96M at end-2025. GTM combines a banking channel-led motion (partner banks refer and formalize guarantees) with digital self-service via the avalonline.afinsgr.es portal and Viabilizador pre-screening tool, complemented by institutional outreach to Generalitat Valenciana, CEV, and trade associations.
Operationally, the entity is small (11–50 employees) but institutionally significant: it is the only SGR in the Valencian Community and the fourth-largest SGR in Spain by portfolio, with 13,200+ member companies and approximately 1,300 SMEs supported with guarantees in 2025. Underlying technology is conventional risk assessment, guarantee structuring, and CERSA re-guarantee integration; no AI/ML capabilities or proprietary digital platforms beyond the online request portal are disclosed.
afín SGR firmographics
Firmographics- Name
- afín SGR
- Legal name
- Sociedad de Garantía Recíproca de la Comunitat Valenciana
- Website
- https://afinsgr.es
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- afín SGR is a non-profit mutual guarantee society that provides financial guarantees to SMEs, autónomos, and microenterprises in Spain's Valencian Community. Founded in 1981, it partners with 17+ banks and public institutions to facilitate member access to bank financing and subsidized loan programs.
- Ownership category
- akta.pro rank
afín SGR industry classification
Industry- Product category
- Mutual Guarantee Services
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Miscellaneous Business Credit Institution (6159), Loan Brokers (6163), Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- P2P Small Business / SME Marketplace Lending (FSAKAHAC)
Keywords
Where afín SGR is headquartered
LocationHeadquarters
- HQ city
- Valencia
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
afín SGR business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Others
Revenue model
- Guarantee fees and commissions: As an SGR, Afín SGR generates revenue through guarantee fees (comisiones de aval) charged to member companies for providing financial guarantees that facilitate their access to bank financing. The entity operates on a non-profit basis, with profits reinvested into the Technical Provisions Fund (Fondo de Provisiones Técnicas) to cover operational risk.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
afín SGR product offering
Product offeringCore offering
afín SGR is a mutual guarantee society (Sociedad de Garantía Recíproca) that issues financial guarantees (avales) enabling SMEs, micro-enterprises, and self-employed professionals in the Valencian Community to access bank financing through a network of partner banks. It also offers specific guarantee-backed and subsidized loan products, technical bonds for public tenders, and integration with public financing programs from ICO and IVF.
Product overview
afín SGR is a mutual guarantee society (Sociedad de Garantía Recíproca) that provides guarantee instruments and financing products for self-employed workers, micro-enterprises, and SMEs in the Valencian Community. The company offers a portfolio of distinct financial products including guarantee-backed loans (Préstamo ICO-AFÍN EXPORT, Préstamo inmueble 100, Préstamo Autónomo Exprés), subsidized loans (Préstamo DANA 0%), IVF financing lines, technical guarantees for public procurement (Avales técnicos), and general investment and liquidity financing. These products are accessed through online platforms and partner banking institutions with which afín SGR maintains cooperation agreements (convenios).
Differentiator
Problem solved
Functional benefit
Products and services
- Préstamo ICO-AFÍN EXPORT A loan granted by ICO (Instituto de Crédito Oficial) backed by afín SGR's guarantee, priced at EURIBOR +0.45% with a 30% subsidy, for SMEs engaged in import/export operations exceeding 5% of their turnover.
- Préstamo DANA 0%
Quantifiable outcome
- 684.23 M€ business portfolio in 2025, up 11% from 2024
- +3 more outcomes
Companies that use afín SGR
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles4 records
afín SGR technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
afín SGR partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core and minor.
- ICO (Instituto de Crédito Oficial)coreSpanish official credit institute co-developing and offering subsidized export financing products with Afín SGR guarantees, such as the ICO-EXPORT loan at EURIBOR +0.45% with 30% subsidy.
- ARVET (Agrupación Española de Empresas Exportadoras)coreSpanish exporters association that co-organized the ICO-EXPORT product presentation webinar with Afín SGR, targeting Valencian SMEs with international activity.
- AbancacoreSpanish bank participating in Afín SGR's guarantee network, offering SGR-backed financing to its business clients in the Valencian region.
- Banco SabadellcoreMajor Spanish bank partner in the guarantee network, facilitating access to credit for SMEs through SGR guarantees.
- Banco SantandercoreLeading Spanish bank participating in Afín SGR's guarantee network for SME financing.
- BankintercoreSpanish bank partner offering SGR-backed financing products to business customers.
- BBVAcoreMajor Spanish banking group partner in Afín SGR's guarantee distribution network.
- CaixabankcoreLeading Spanish banking group and key partner in the guarantee network serving Valencian businesses.
- Caixa OntinyentcoreRegional savings bank serving the Ontinyent area, partner in distributing SGR guarantees to local businesses.
- Caixa PopularcoreRegional cooperative bank serving the Valencian Community, partner in guarantee distribution.
- CajamarcoreSpanish cooperative banking group with strong presence in the Valencian region, partner in the guarantee network.
- Caja Rural CentralcoreRegional rural savings bank, partner in distributing SGR guarantees to agricultural and local businesses.
- Caja Rural de TeruelminorRegional rural savings bank in Teruel, extending coverage of the guarantee network to the Aragon region.
- IbercajacoreSpanish savings bank partner in the guarantee network for SME financing.
- COLECTUALminorCooperativa de crédito entity participating in the guarantee network.
- MyTripleAminorAlternative financing platform partner in the SGR's distribution network.
- AquisgranminorFinancial services partner in the guarantee network.
- CERSA (Compañía Española de Reafianzamiento)coreSpanish Re-guarantee Company providing counter-guarantees to Afín SGR, strengthening its risk coverage capacity and enabling larger guarantee operations. CERSA is part of the Spanish SGR ecosystem backed by ICO.
- IVF (Instituto Valenciano de Finanzas)coreRegional public financial institution of the Valencian Government providing subsidized loans and co-developing financing programs with Afín SGR, including the DANA 0% emergency program.
- CEV (Confederación Empresarial de la Comunitat Valenciana)coreMajor employer federation of the Valencian Community. CEV's president Cristina Plumed inaugurated Afín SGR's 2026 General Assembly, highlighting the SGR's role in the regional business ecosystem.
- Asociación Valenciana de Cooperativas de CréditominorRegional association of credit cooperatives participating in the guarantee network.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
afín SGR competitors and assessment
Company assessmentDirect peers
- Iberaval: Iberaval is a Spanish mutual guarantee society (SGR) operating primarily in Castilla y León. It uses the identical SGR model — providing financial guarantees to SMEs and autónomos to facilitate bank financing — making it the closest structural and operational peer to afín SGR.
- Elkargi: Elkargi is the leading SGR in the Basque Country, providing guarantees and financing to Basque SMEs under the same mutual guarantee society framework regulated by Banco de España. Direct regional counterpart to afín in a different autonomous community.
- Avalmadrid: Avalmadrid is the SGR serving the Madrid region, providing financial guarantees and technical bonds to SMEs and autónomos. It is the largest SGR in Spain by portfolio volume, operating the same mutual guarantee model as afín SGR in a different geography.
- ISBA SGR: ISBA is the mutual guarantee society serving the Balearic Islands, offering guarantees to SMEs and autónomos under the same SGR framework as afín SGR. Comparable in size and regional scope.
- Avalia SGR: Avalia is the SGR operating in Aragon, providing financial guarantees to SMEs and self-employed professionals. It uses the same mutual guarantee structure as afín and is already connected to afín's network through partner Caja Rural de Teruel.
Broad incumbents
- ICO (Instituto de Crédito Oficial): ICO is Spain's national promotional bank, which co-develops subsidized financing programs with afín SGR (such as ICO-AFÍN EXPORT). While not a direct competitor, ICO is the dominant institutional counterparty in Spanish SME credit policy and a structural fixture in afín's product strategy.
- Cofidis España: Cofidis is a major non-bank consumer and SME finance provider in Spain. While it focuses on consumer credit, it competes for the same small-business and autónomo financing demand that afín SGR's guarantees unlock at the bank-origination stage.
Emerging players
- MyTripleA: MyTripleA is a Spanish P2P/marketplace lending platform for SMEs, listed as an afín SGR partner in its distribution network. It represents a fintech alternative in the SME financing space, addressing the same customer pain point (access to credit) through a different mechanism.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
afín SGR social profiles
Digital presenceafín SGR financial estimates
Financial estimateRevenue estimate
Valuation estimate
afín SGR leadership team
Management profileNumber of profiles
Profiles4 records
afín SGR funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
afín SGR 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 afín SGR
What does afín SGR do?
afín SGR is a mutual guarantee society (Sociedad de Garantía Recíproca) that issues financial guarantees (avales) enabling SMEs, micro-enterprises, and self-employed professionals in the Valencian Community to access bank financing through a network of partner banks. It also offers specific guarantee-backed and subsidized loan products, technical bonds for public tenders, and integration with public financing programs from ICO and IVF.
Is afín SGR a public or private company?
afín SGR is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was afín SGR founded?
afín SGR was founded in 1981. It employs 11 to 50 people.
Where is afín SGR based?
afín SGR is headquartered in Valencia, Spain, in the Europe region.
How does afín SGR make money?
One revenue line is on record: guarantee fees and commissions.
Who are afín SGR's main competitors?
Direct peers on record are Iberaval, Elkargi, Avalmadrid, ISBA SGR and Avalia SGR. Broad incumbents are ICO (Instituto de Crédito Oficial) and Cofidis España. MyTripleA is listed as an emerging player.
Does afín SGR have an API?
No public API is recorded for afín SGR.
What industry is afín SGR in?
afín SGR's product category is Mutual Guarantee Services. Its primary akta.pro industry code is FSAKAHAC, P2P Small Business / SME Marketplace Lending. Its NAICS code is 525 and its SIC code is 6159.