Arbor Fintech raised €3M in seed financing from Finrebel, Apex Capital Partners and The Tifin Group.

Arbor Fintech, a Madrid, Spain-based company building a business around a mobile app helping users create financial savings, announced the completion of a €3 million ($3.3M) capital investment round.

The money was backed by FinRebel, The Tifin Group and APEX Capital partners. In conjunction with the announcement, Bruno del Ama, Alex Vynokur and Vinay Nair will join the company's board of directors.

Arbor Fintech, founded in 2017 and led by CEO Nicolás Salguero, developed a financial service available via a mobile application that helps consumers save money. The app also allows the user to withdraw their savings at any time and has the support of Lemonway, which operates under the supervision of the Bank of Spain