The investment, which was made via Inveready Seed Capital, will help the company expand in Spain and abroad in the next four years. In addition, Iahorro received €1m from Enisa and the Centre for the Development of Industrial Technology (CDTI).
Founded in 2008 and led by CEO Pablo Gasalla, the company launched iahorro.com in 2009. The web site enables users to compare prices of personal finance products such as savings, bank accounts, personal loans, credit cards, mortgages, and insurance.
Following the transaction, JOT Internet Media España, a Madrid-based business incubator, will continue to own the majority of the shares of the company.