iAhorro operates a comparison platform for personal finance products, enabling users to save on habitual expenses and to optimize investments by choosing the most attractive options at any given time. The platform also allows users to contract services directly at competitive prices. On 25 March 2015 Prisa agreed to enter as a partner in iAhorro through a media-for-equity financing arrangement. Prisa's stated objective for the investment is to continue offering value to users and to extend iAhorro's services nationally and internationally. The company previously closed a financing round in 2011 in which venture capital firm Inveready took a minority stake. In 2011 iAhorro also obtained financing via participative loans from Enisa and CDTI, among others. Iahorro operates iahorro.com, a comparator of personal finance products that serves over 350,000 users and compares more than 6,000 products from 190 financial entities. Its listings cover deposits, bank accounts, cards, mortgages, pension plans, brokerage, Forex, investment funds, loans and car insurance. The project launched in 2008 and the company planned to use new funding to finance growth and begin international expansion. Management projected revenues of €2 million in 2011 and up to €9 million in 2014 in the Spanish market alone. The investment was described as providing resources sufficient to fund the company’s growth for the next four years. JOT Internet Media España remains the company’s principal partner.

Total raised

$2M

Funding rounds

3

Latest round

Seed

Latest activity

Jun 2011