Unnax raised €7M.

Unnax, a Barcelona, Spain-based provider of open banking solutions, announced that it closed a series A financing round of 7 million euros ($8.5M).

This Series A for Unnax has been led by Grupo Elektra, and also had the participation of Athos Capital and Segtech Venture Capital. Other investors who bet on Unnax in previous phases, such as Swanlaab Venture Factory, Bankinter and the telecommunications group CSQ, also remain in the project.

This proceeds will allow Unnax to consolidate its current markets and launch it in Latin America.

Unnax, founded in 2016 by  Julián Díaz-Santos and Jordi Pérez, developed a multiproduct platform Banking as a Service (BaaS), new in Spain, that offers payment solutions and money movements, financial data and tools for risk measurement , as well as products for the management of customer validation processes, identity verification instruments, fraud prevention, etc.

Currently, the company has a staff of 53 employees and operates in 4 countries, with recurring services and a volume of more than one million monthly transactions.