The Lao family, one of the richest in Spain, enters MyInvestor through a round of 45 million

MADRID, 4 Ene.

The Lao family, one of the richest in Spain, enters MyInvestor through a round of 45 million

MADRID, 4 Ene. (EUROPA PRESS) -

MyInvestor, the neobank backed by Andbank, AXA, El Corte Inglés and several 'family offices', has closed a financing round of 45 million euros led by Nortia Capital (the business holding company of the Lao family, one of the richest in Spain) and the 'family office' Arama Futuro, which have become shareholders of the firm.

The entity has detailed in a press release that the capital round was closed last December and that, consequently, it has raised its CET1 capital above 60 million euros and placed its TIER1 capital ratio at more than 40%. , while BlueBull was the investment bank that advised MyInvestor in this operation.

Likewise, Andbank and the 'family office' shareholders of MyInvestor have also participated in the round, among which are Casticapital, the holding company of the Canary Islands Del Castillo family, Aligrupo, the holding company of the Alicante businessmen Alcaraz, and Reig Patrimonia, of the Ribas family.

The firm has argued that this investment round allows it to strengthen its ratios to continue expanding its balance sheet while positioning the entity at "the head of the solvency ratio rankings of Spanish banks."

MyInvestor recorded the first profit in its history in 2023 motivated by the growth in the number of clients, which doubled to 220,000, and the business volume, which increased from 2,263 million to 4,373 million (48% of this amount in products investment, 42% in accounts and deposits and 9% in credit investment), while the delinquency ratio was less than 0.1%.

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