MytripleA Secures €30 Million Boost with BBVA Spark
Deal News | Mar 04, 2025 | Iberian Lawyer
BBVA Spark has signed a €30 million financing agreement with MytripleA, an alternative fintech platform, to fuel its continued growth and product development. MytripleA, which has been operational since 2015, has successfully financed over 4,000 businesses with a total of more than €550 million, achieving over 50% growth and sustaining positive EBITDA since 2021. With more than 8,500 registered investors to date and a total investment of €141 million in 2024, the company offers secured and unsecured investment options with average annual returns of 5% and 8%, respectively. This strategic collaboration, supported by PwC Tax & Legal as advisors, underscores BBVA Spark's commitment to advancing fintech entities offering unique value propositions in alternative financing markets.
Sectors
- Fintech
- Alternative Financing
- Banking
Geography
- Spain – BBVA Spark is based in Spain, and the agreement has significant operations and support concentrated in this region.
Industry
- Fintech – MytripleA operates within the fintech industry, providing alternative financing solutions leveraging technology to facilitate business financing.
- Alternative Financing – The core focus of MytripleA's services is alternative financing, which involves providing non-traditional lending and investment opportunities.
- Banking – BBVA Spark, as a banking entity, is involved in providing capital and financial support as part of traditional banking operations.
Financials
- 30,000,000 – The financing amount agreed between BBVA Spark and MytripleA.
- 550,000,000 – The total amount financed by MytripleA since 2015.
- 141,000,000 – Total investment made by MytripleA’s investors in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MytripleA | Target Company | Company | An alternative financing platform providing working capital solutions for businesses. |
| BBVA Spark | Financier | Company | A unit of BBVA engaged in supporting startups and fintech companies through capital and financial services. |
| PwC Tax & Legal | Legal Advisor | Company | Provided legal advisory services for the financing agreement. |
| Miguel Ángel Alcalá | Head of BBVA Spark in Spain | Person | Key spokesperson on behalf of BBVA Spark for this financing initiative. |
| Beltrán Gómez de Zayas | Partner at PwC Tax & Legal | Person | Led the PwC advisory team for MytripleA. |
| Emilio Aparicio | Advisor | Person | Member of the PwC advisory team for MytripleA. |
| Mario Maza | Advisor | Person | Member of the PwC advisory team for MytripleA. |