Coinscrap raised € 180k in a round backed by BBooster Ventures, Indexa Capital and Fernando Cabello-Astolfi.

Coinscrap, a Pontevedra, Spain-based startup uilding a mobile app helping for financial savings, announced that it raised EUR 180k in capital investment.

The funding was backed by investors from Spain, institutional Bbooster Ventures and Indexa Capital, as well as angel investor Fernando Cabello-Astolfi.

Coinscrap, founded in 2017 and led by CEO David Conde, developed a mobile application that allows rounding banking card purchases and automatically transferring the difference to a different savings product based on the objective to be achieved. The app is designed to help people make good daily decisions for their financial health in a simple and intuitive way and was launched in collaboration with CASER insurance, having also partnership deals with EVO Banco, the French bank Natixis and VISA within its Xpollens program.