Serfiex

What Serfiex does

Serfiex is a Madrid-based, privately held financial-actuarial technology company founded in 1993 that develops and sells the Riskco platform — an integrated financial-actuarial software suite targeting insurance companies, investment management firms, banks, market infrastructure entities (CCPs/exchanges), and non-financial corporations across the European Union and Latin America. The platform is built on three architectural pillars: an integrated, accounting-disaggregated data model; a proprietary analytical calculation engine; and a modular suite of industry-specific solutions, with a report generator offering more than 300 configurable functions. The modular product line spans Riskco Insurance (actuarial reserves, investment management, ALM, Solvency II), Riskco IFRS 17, ALM Basel for banking, stochastic modeling (Estocástico), Risk Management, Optimización (portfolio optimization), Roboadvisor 2.0, and CCP for clearing infrastructure. The firm also operates two proprietary benchmark indices — MPI MarketPortfolioIndex™ RF (fixed income) and MPI MarketPortfolioIndex™ RV (equities) — and offers professional services including IFRS 9 valuation, ORSA support, ESG/sustainability reporting, liquidity risk, compliance for SGIIC (Spanish collective investment scheme managers), pension consulting, and Second Party Opinions.

Serfiex generates revenue through two channels: (1) recurring software licensing of the Riskco platform, which clients can purchase as a full integrated suite or as individual modules tied to specific regulatory requirements, and (2) professional services spanning valuation, advisory, and ESG consulting. Pricing is not publicly disclosed; the go-to-market is a direct B2B enterprise field-sales motion with no disclosed channel partners, supported by a lightweight digital presence (corporate website, LinkedIn, YouTube). The company claims 100+ customers across small, medium, and large organizations and positions itself as a lower-cost, faster-to-deploy alternative to American and French IFRS 17 software competitors, leveraging 25 years of combined academic and industry expertise. Its innovation credentials are reinforced by a CDTI (Spanish government) certified R&D project called Riskco Bonds.

Operationally, Serfiex is an unusually lean firm — reported headcount of 1-10 employees — for a vendor claiming 100+ enterprise clients across multiple regulated verticals and two continents. The company is independently owned with no disclosed parent, subsidiaries, external investors, funding rounds, M&A activity, or leadership changes on record, suggesting a bootstrapped, founder/management-owned operating model.

Name

Serfiex

Legal name

Serfiex

Website

https://serfiex.es

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Serfiex is a Madrid-based, privately held software vendor that provides the Riskco integrated financial-actuarial platform and regulatory-compliance services to 100+ insurance, investment management, banking, and market-infrastructure clients across the European Union and Latin America.

Ownership category

akta.pro rank

Product category

Financial-Actuarial Risk Management Software

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Risk Quantification, Modeling & Stress Testing (BPAHAFAH)

akta.pro secondary industries

Prudential & Market Risk Management (VaR, Stress, Limits) (FSACAJAF), ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK), Quality Control (QC), Compliance & Audit Tools for Underwriting (FSALALAL)

Keywords

• Risk management software
• Actuarial transformation solutions
• Regulatory compliance software
• Asset-liability management
• Solvency II software

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing - Riskco Platform: Clients contract the Riskco platform for financial-actuarial transformation solutions. The platform is offered as an integrated solution or modular components addressing specific regulatory requirements such as IFRS 17, ALM, Basel, and risk management.
2. Professional Services: Valuation data services (IFRS 9 valuation, value-added data, sustainability, ORSA, liquidity, compliance SGIIC, ESG impact), pension consulting (advisory, banks), and corporations services (Second Party Opinion).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Serfiex develops and licenses the Riskco platform, an integrated financial-actuarial software suite combining an integrated data model, an analytical calculation engine, and a 300+ function report generator, with modules for insurance, IFRS 17, ALM, ALM Basel, risk management, optimization, stochastic modeling, robo-advisory, and central counterparty clearing. The firm complements the software with professional services spanning IFRS 9 valuation, ESG/sustainability, ORSA, liquidity risk, SGIIC compliance, pension consulting, and Second Party Opinion, and offers proprietary MPI MarketPortfolioIndex™ benchmark indices for fixed income and equities.

Product overview

Serfiex is a financial and actuarial transformation solutions provider operating in RiskTech, InsurTech, RegTech, and FinTech sectors. The company offers the Riskco platform as its core product, a modular financial-actuarial software suite comprising integrated data models, analytical calculation engines, and industry-specific solutions. The Riskco platform is complemented by specialized modules including Insurance, IFRS 17, ALM (for insurance and banking/Basel compliance), Estocástico (stochastic modeling), Risk Management, Optimización, Roboadvisor 2.0, and CCP (for exchanges). Serfiex also provides professional services including IFRS 9 valuation, ESG and sustainability services, liquidity risk management, ORSA, compliance services (SGIIC), and pension consulting. Additionally, the company offers proprietary indices branded as MPI MarketPortfolioIndex™ for both fixed income (RF) and variable income (RV) markets. The platform serves over 100 customers including insurers, investment management firms, banks, market infrastructure entities, and non-financial corporations across Europe and Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• Riskco: Integrated data model platform with analytical calculation engine and specific solutions for the financial industry, serving insurance companies, investment management, banks, and market infrastructures.
• MPI MarketPortfolioIndex™ RF
• MPI MarketPortfolioIndex™ RV

Products and services

• Riskco Platform Integrated financial-actuarial platform combining an integrated data model, analytical calculation engine, and 300+ function report generator, used by insurance companies, investment management firms, banks, market infrastructures, and non-financial corporations for ALM, regulatory compliance, risk management, and valuation.
• Riskco Insurance Insurance-focused module of the Riskco platform providing actuarial reserve calculations, investment management, asset-liability management, and Solvency II compliance for insurance companies in the EU and Latin America.
• Riskco IFRS 17 Module for implementing the IFRS 17 accounting standard for insurance contract reporting, designed for rapid and efficient deployment at insurance companies.
• Riskco ALM (Insurance) Asset-liability management module for insurance companies, providing regulatory compliance and risk management capabilities for insurer balance sheets.
• Riskco ALM Basel Asset-liability management module designed for banking institutions to address Basel III compliance, risk management, and regulatory reporting.
• Riskco Risk Management Risk management module covering professional investment management capabilities for financial institutions and investment managers.
• Riskco Optimización Optimization module for investment and financial portfolio optimization within the Riskco platform, targeting investment managers and insurers.
• Estocástico Stochastic modeling module for financial-actuarial analysis within the Riskco platform, used to support stochastic projections of liabilities and assets.
• Roboadvisor 2.0 Automated investment advisory module providing robo-advisory capabilities for wealth management and investment services within the Riskco platform.
• CCP (Central Counterparty) Solution module for central counterparty clearing infrastructure and exchanges, supporting CCP clearing operations and regulatory compliance.
• MPI MarketPortfolioIndex™ RF Proprietary registered-trademark benchmark index (MPI MarketPortfolioIndex™ RF) for fixed income (Renta Fija) market portfolios, used for investment benchmarking.
• MPI MarketPortfolioIndex™ RV Proprietary registered-trademark benchmark index (MPI MarketPortfolioIndex™ RV) for variable income/equity (Renta Variable) market portfolios, used for investment benchmarking.
• IFRS 9 Valuation Service Professional service providing IFRS 9 financial instrument valuation, including expected credit loss calculations and fair value assessments for financial institutions.
• Value-Added Data Service Value-added data service providing enhanced financial and actuarial datasets to support client decision-making.
• Sustainability / Key Sustainability Function Service Sustainability and ESG consulting and data service, including support for the key sustainability function in the insurance regulatory context.
• ORSA Service Own Risk and Solvency Assessment (ORSA) service supporting insurance companies in their Solvency II risk and solvency self-assessment processes.
• Liquidity Risk Services Liquidity risk management, assessment, and monitoring services for financial institutions, covering both liquidity analysis and ongoing liquidity risk monitoring.
• Compliance SGIIC Service Compliance service for SGIIC (Sociedad Gestora de Instituciones de Inversión Colectiva) regulatory requirements applicable to investment management entities.
• ESG Impact Service ESG impact measurement and reporting service for corporations seeking to assess and disclose sustainability outcomes.
• Pension Consulting Service (Asesoramiento) Pension and retirement planning advisory service targeted at pension advisory firms.
• Banking Pension Consulting Service Banking-focused pension and actuarial consulting service tailored for banking institutions.
• Second Party Opinion Service Independent assessment service providing Second Party Opinions on sustainability and ESG ratings for corporations.

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Majesco: Insurance core and analytics software vendor (P&C and life) with compliance reporting modules; competes for the same mid-market and European insurance RFPs as Riskco Insurance.
• Milliman: Global actuarial and risk consulting firm whose Milliman Mind analytics and reserve-calculation tools compete with the actuarial/ALM functionality of Riskco, especially in life insurance and ALM engagements.
• Willis Towers Watson (WTW): Global actuarial, risk, and insurance consulting firm whose Software platforms (e.g., Radar, RiskAgility) compete with Riskco's actuarial, ALM, and Solvency II tools in the actuarial software stack.

Broad incumbents

• Moody's Analytics: Provides risk modeling, regulatory capital (Solvency II, Basel), and asset-liability management software used by insurers and banks. Overlaps with Serfiex's analytical calculation engine and stress-testing capabilities.
• SAS Institute: Enterprise analytics and risk modeling vendor (SAS Risk, SAS Regulatory Capital) used by large banks and insurers for stress testing, ALM, and IFRS 17. Comparable calculation-engine and reporting-function capabilities to Riskco.
• FIS (Fidelity National Information Services): Global financial technology incumbent offering insurance and capital markets platforms (including Profile and risk/regulatory suites). Competes for the same Tier-1 insurer RFPs and is one of the "American" IFRS 17 vendors Serfiex positions against.

Others

• Capgemini Invent / Financial Services: Large consultancy delivering RegTech, risk, and compliance advisory and implementation services to insurers and banks. Competes with Serfiex's professional services arm (ORSA, Compliance SGIIC, ALM Basel implementations).

Direct peers

• Prima Solutions: French vendor of insurance and IFRS 17 software platforms (Prim'Finance, Prim'Risk) explicitly cited by Serfiex as a head-to-head alternative for European insurers. Closest functional peer in the EU market.
• Sapiens International: Public insurance core and digital software vendor serving P&C and life insurers with compliance, underwriting, and IFRS 17 tooling. Comparable in target customer and product scope to Riskco Insurance.
• Wolters Kluwer (OneSumX): Wolters Kluwer's OneSumX division provides integrated regulatory reporting, ALM, IFRS 17, and Solvency II software to insurers and banks globally. It is the most direct competitor to Serfiex's Riskco platform by regulatory scope and target buyer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/serfiex
• LinkedInlinkedin.com/company/2596611

Revenue estimate

Valuation estimate

Number of profiles

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 Serfiex